What is your cash advance limit with American Express?

[CF_Frost]

Received my letter confirming approval for a CLI to $25K, but noticed that my cash advance limit has been $200 since my original approval for the BCE about two years ago.  My original limit was $1K so I'm guessing that the cash advance limit new grew with the credit limit, but I was curious as to what others have experienced.  I don't really care, as I don't intend to ever use a cash advance, but it just seemed bizarre that my cash limit would be less than a percent of my credit limit.

[sunkissed]

I think this happens a lot, not just with Amex, but with most lenders.  Often the cash advance limit does not increase with a credit line increase, but stays the same.  Some have successfully requested a cash advance limit increase separately.

I have never cared about my cash advance limit because I have never taken a cash advance.

I did look at my Amex cash advance limits and they have not increased with my credit lines.

[-Wade-]

with any lender it's always a bad idea to take a cash advance

[longtimelurker]

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@-Wade- wrote:

with any lender it's always a bad idea to take a cash advance

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But depending on the circumstances, it might be less bad than the alternatives

[-Wade-]

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@longtimelurker wrote:

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@-Wade- wrote:

with any lender it's always a bad idea to take a cash advance

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But depending on the circumstances, it might be less bad than the alternatives

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i agree it's bettter than a payday loan. Just not good credit 101

http://credit.about.com/od/avoidingdebt/qt/avoid-credit-card-cash-advance.htm

[Tszone]

Amex ED card came today in mail 5k limit and 1k cash.

[Strogen]

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@longtimelurker wrote:

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@-Wade- wrote:

with any lender it's always a bad idea to take a cash advance

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But depending on the circumstances, it might be less bad than the alternatives

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Yes, just today I had to go to the DMV to get a TN title made into a NC title and they wanted a $5 notary fee that had to be paid in cash. 

Had to go to the gas station and pull $20 out on my Barclaycard since I had forgot my debit card at home(30 min away and I was on lunch break). 

Stupid cash only polices ruin everything, I was quite irate. 

[Anonymous]

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@longtimelurker wrote:

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@-Wade- wrote:

with any lender it's always a bad idea to take a cash advance

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But depending on the circumstances, it might be less bad than the alternatives

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Yep, I will try almost anything rather than take an Amex cash advance... However, I would still prefer owing that money to Amex, rather than to one of them MSer vegetarian with an attitude...  Ouch!

[Skye12329]

To answer your question OP I would assume that the cash advance limit is 25% of your total limit. Most lenders limit your cash advance limit to a portion. I think Cap1 allows 100%? At least they allow me 100% according to my statement.

[coldnmn]

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@-Wade- wrote:

with any lender it's always a bad idea to take a cash advance

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The Barclay Ring $1fee and 8% there are worse things I could do but not recommended other than an emergency.