What is your cash advance limit with American Express?

[longtimelurker]

---

@Anonymous wrote:

---

@longtimelurker wrote:

---

@Anonymous wrote:

---

@longtimelurker wrote:

---

@-Wade- wrote:

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

---

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

---

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!

---

Well, it's your lucky day.    Just checked our "Blood-crazed animal killers who owe decent Vegan folk money" ledger AND the "Blood-crazed animal killers who owe less than decent Vegan folk money" and it turns out you don't owe us any money!

---

Apparently, some people still traumatized, since childhood, from seeing Bambi's mom get her due.... and they process their pain by pacing all day inside groceries stores and buying gift cards... it's all very sad....

---

Hey, it's not all day.  I spend 10 hours max per day buying gift cards.  Well, except on Saturday where it's more like 14.   But I can stop any time

[Anonymous]

I don't even see where to find this information out on AMEX account online. I thought I knew pretty much every inch of their site by now. 

[chalupaman]

I'd never take out a cash advance quite honestly but for the sake of answering the question, I have $400 cash advance limits on my BCE and Delta cards and $500 cash advance limit on my ED card.

[Josh2942]

They allow 100% for me to

[sandman2435]

I've never checked.As I never or will never take a cash advance from a credit card..I think my Cap one spark miles has a $20K cash limit matching the credit limit.

[Josh2942]

Not really actually. It sucks that cash advances for earn points but even at a high interest rate over a month's period the interest does not leave the double digits until you surpass a couple thousand. Other than the initial fee of 5 to 10 percent, it really isn't bad. If you only need a couple hundred in an emergency. The interest is barely any.

[Anonymous]

---

@Josh2942 wrote:
Not really actually. It sucks that cash advances for earn points but even at a high interest rate over a month's period the interest does not leave the double digits until you surpass a couple thousand. Other than the initial fee of 5 to 10 percent, it really isn't bad. If you only need a couple hundred in an emergency. The interest is barely any.

---

That may be true, only if you go along with the bank's wording that "fee" is one thing and "interest" is another.  In reality, interest is any extra money you are charged over the principal and as such it should include the fees, therefore the actual annual interest rate you are being charged, in just one month, is outrageous.