What % of your CL is your cash advance limit?

[TRC_WA]

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@SomeGuyNamedFred wrote:

Curious what others' cash advance limits are....

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CapOne CL $750 of which $250 is available for cash

CapOne CL $2000 of which $500 is available for cash

Barclay CL $2200 of which $400 is available for cash

BECU CL $8500 of which $8500 is available for cash

Moral of the story?  Get your foot in the door with a good credit union.  

[notfancy]

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@14Fiesta wrote:

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@SomeGuyNamedFred wrote:

I could swear my chase freedom had always had a cash advance limit of 50% of my total CL.  Today I noticed  it was now 20%.  I'm wondering why the change?  The only thing out of the ordinary on my credit reports is that I just recently got a 2X CLI on my Amex (i asked for 2X, didn't want the full 3X), and I also allowed a balance to report on two cards. My util was still below 5%, however i usually only let a balance report on just one card, with the rest zero.

Just to be clear, I would NEVER ever ever take a cash advance, so it doesn't really matter what the limit is, but it seems like an adverse action, which makes me feel a little less loved....

I checked my Amex card and the cash advance limit is only 3% of my total limit, again not gonna use it, but is this a sign of a lack ot trust?

Curious what others' cash advance limits are....

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It could be that when you request a CLI, your cash advance line doesn't also increase. Right now, I only have a $500 CL for Discover, but I have a $300 Cash advance CL, or 60% of my CL.

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+1 The only card I've ever looked at for this is my Cap One card and no matter what my limit gets increased to, the amount I can take out in cast seems to hold steady at $850. It has been at $850 since my account limit was $850, 1000, $1750, $3000 and  now $5000

[ways2go]

out of 43,250,   my cash advance is 22,612.  12,500 of it is nfcu which is my cl.  interesting,  i could pay off my car and my apr would be half what i am paying now on it

[visorboy1974]

Let me see...

Alliant = 25%

Barclaycard = 40%

BMW = 20%

Chase = 20%

Citi = 30.7%

Discover = 25%

Macy's AmEx = not sure.  There's a spot for cash advance charges on my statement, but it doesn't show a cash advance limit.  

Nordstrom Visa = 1.67%

PSECU = 100%

State Farm = 50%

UIECU = 100% 

I don't think it's a lack of trust...more like some issuers don't like to see you use a CC as a cash access line.  

[SomeGuyOnTheWeb]

My Cap1 and Fifth Third cards are half my CL while on my Discover the CL is $7,500 and the cash limit is $800. So there's that.

[juggalo9er]

forum, imcu=100%

capone =30%

barclay's=40% but they send bt checks you can put in your bank for a 3% fee

wal mart 20%

[SomeGuyNamedFred]

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@SomeGuyOnTheWeb wrote:

My Cap1 and Fifth Third cards are half my CL while on my Discover the CL is $7,500 and the cash limit is $800. So there's that.

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Your username... it's awesome!

[SomeGuyNamedFred]

I see someone else's chase is 20% also, so maybe the decrease was due to new company policy, or I was somehow above the standard and they finally caught it. 

[visorboy1974]

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@SomeGuyNamedFred wrote:

I see someone else's chase is 20% also, so maybe the decrease was due to new company policy, or I was somehow above the standard and they finally caught it. 

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Mine has always been at 20%.  You never know though...it may vary with certain cards.  

[cashnocredit]

When I first got my Citi secured card it had a 25K cash advance limit. A few months later they sent a correction letter saying they had made a mistake setting the cash advance at the same level as the credit limit and changed it to 20% or 5k.  That remained the same after it was unsecured and I converted it to an AA card.