Advertiser Disclosure
Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.
Capital One Cash Advances: What They Are and Why to Avoid Them
4 min read
A Capital One cash advance, like cash advances from other card issuers, is one way to get immediate funds from an ATM with your credit card using your PIN.
It’s essentially like getting a cash loan from your credit card issuer. However, these are far from ideal because of the high fees and interest rates you’ll pay.
Before considering a cash advance, you should familiarize yourself with all of the details and any other options you may have to get money. Ultimately, a Capital One cash advance (or any cash advance) should only be used as a last resort.
Most credit card companies, like American Express, Bank of America, Chase, and Citi also offer cards with cash advances.
How to Get a Capital One Cash Advance
If you do need to get a cash advance with your Capital One card, you’ll need to know the basics of how to get it, where you can get it, and what you’ll pay for it.
How to Get Cash
You’ll be able to use your Capital One credit card to get a cash advance at any ATM, though you may have to pay extra fees depending on the ATM you use (see our section on fees below). To avoid additional ATM fees, you can find Capital One ATMs here.
When getting cash from your credit card at an ATM, you’ll basically go through the same process as using a debit card to withdraw from a checking account:
- Insert your credit card.
- Enter your credit card’s PIN (personal identification number).
- Select “credit card” or “credit” as the option to withdraw from on the screen.
- Confirm you agree to any ATM fees outlined (if applicable).
- Collect and confirm the amount of cash received from the dispenser.
- Finalize the transaction on the screen and save your receipt. Make sure you take your card, too.
Your Credit Card PIN
You’ll need to know your card’s PIN, just like for an ATM card or debit card. When you first get a Capital One card, you’re usually given the option of selecting your own PIN, receiving a system-generated PIN, or declining a PIN.
If you’ve forgotten your PIN or don’t have one yet, you can get one online:
- Sign in to your online Capital One account.
- Click “More Account Settings,” then select “Control Your Card” and follow the directions under “Get a Cash Advance.”
- You may be eligible to get a code by email or text to let you select a custom PIN to use immediately. Otherwise, the PIN will arrive by mail in approximately 7 to 10 business days.
You can also get a PIN by calling Capital One’s support phone number:
- Call 1-800-227-4825.
- Follow the directions from its automated system. It will let you request a PIN that will arrive in 7 to 10 days by mail. If you know your current PIN, you can simply update it on the phone.
Quick Guide
How to get a cash advance if you don’t know your PIN
If you don’t know your PIN or haven't set one up and need to get money immediately, you can still obtain a cash advance by going in person to a bank lobby that displays the Visa or Mastercard credit card logo (your card has to match). You’ll just need to provide a government-issued photo ID like a driver's license along with your Capital One card.
Cash Advance Limits
You’ll need to know how much money you can withdraw. Like your purchase credit limit, your Capital One cash advance limit will depend on various factors based on what the issuer believes you can pay back (e.g. your income, credit utilization, and payment history) and it’s often lower than your card’s overall credit limit.
You may have a daily cash advance limit along with that, and some ATMs may have their own limits as well.
What Does a Capital One Cash Advance Cost?
You’ll want to understand all fees and interest rates so you know the full cost of your Capital One cash advance.
Capital One Cash Advance Fees
Most cards, including Capital One credit cards, have cash advance fees. For Capital One cards the cash advance fee is typically 3%, with a $10 minimum.
You may incur ATM fees, too. If you use an ATM outside of Capital One’s network, including generic ATMs like MoneyPass and Cardtronics, you’ll likely pay fees in addition to those outlined in your account terms. Usually, ATM surcharges are between $2–$5 if you’re not an account holder with the financial institution that manages the ATM.
Capital One Cash Advance Interest Rates
With a Capital One cash advance (or a cash advance from any credit card issuer) you’ll usually pay a higher interest rate than regular purchases. The interest charges for a cash advance also begin accumulating immediately, unlike your regular card purchases which usually have a grace period of approximately 25 days.
For comparison, here are some of the interest rates you’ll pay for a cash advance and a purchase with some popular Capital One cards.
| Card | Cash Advance APR | Purchase APR |
|---|---|---|
| Capital One Savor Cash Rewards Credit Card (Review) | 24.99% Variable | 15.99% - 24.99% Variable |
| Capital One Quicksilver Cash Rewards Credit Card (Review) | 25.49% Variable | 15.49% - 25.49% Variable |
| Capital One Venture Rewards Credit Card (Review) | 24.49% Variable | 17.24% - 24.49% Variable |
| Capital One VentureOne Rewards Credit Card (Review) | 25.49% Variable | 15.49% - 25.49% Variable |
Note: Interest rates are subject to change and may vary based on your specific terms and credit approval.
Insider tip
If you end up getting a cash advance, try to pay it off as soon as possible to minimize the interest charges that will accrue every day.
Other Ways to Get Cash With a Credit Card
There are a few other ways to get cash using a card, including:
- Use a Discover credit card’s cash over option. This is a fee-free benefit to get cash at a variety of retailers, which works just like getting cash back with a debit card while checking out at a retailer. Learn more about the Discover cash over program.
- Get a bank balance transfer with a 0% APR card. To go this route, you first need to have a credit card with a 0% balance transfer APR offer that allows you to transfer funds to your bank account (not all do). Then, you request a balance transfer and have your card issuer send the cash directly to your bank account.
Learn more about bank balance transfers along with other alternatives to getting a cash advance.
The Best Capital One Cards
Even if you’re not trying to get a cash advance, here are some of the best Capital One cards you may want to add to your wallet:
Best for Dining
- Min. credit levelGood
- Annual Fee$95
- Regular APR15.99% - 24.99% Variable
- 8% cash back on tickets at Vivid Seats
- 4% cash back on:
- Dining
- Entertainment
- Streaming Services
- 3% cash back at Grocery Stores
- 1% cash back on all other purchases
Introductory bonus
A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.
- Intro Balance Transfer APRN/A
- Regular Balance Transfer APR15.99% - 24.99% Variable
- Balance Transfer Fee$0
- Penalty APRN/A
- Late FeeUp to $39
- Returned Payment FeeSee Terms
- Additional Cards Annual Fee$0
- Foreign Transaction FeeNone
The information related to Capital One Savor Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Best With No Annual Fee
- Min. credit levelGood
- Annual Fee$0
- Regular APR15.49% - 25.49% Variable
- $0 annual fee and no foreign transaction fees
- Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
- Earn unlimited 1.25X miles on every purchase, every day
- Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Transfer your miles to over 15+ travel loyalty programs
- Enjoy 0% intro APR on purchases for 12 months; 15.49% - 25.49% variable APR after that
- 1.25X miles per dollar spent on all purchases
Introductory bonus
A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.
- Intro Balance Transfer APRN/A
- Regular Balance Transfer APR15.49% - 25.49% Variable
- Balance Transfer Fee$0 at this Transfer APR
- Penalty APRNone
- Late FeeUp to $40
- Returned Payment FeeNone
- Additional Cards Annual FeeN/A
- Foreign Transaction FeeNone
The information related to Capital One VentureOne Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Best for Travel
- Min. credit levelGood
- Annual Fee$95
- Regular APR17.24% - 24.49% Variable
- Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
- Earn unlimited 2X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
- Redeem on travel—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs
- No foreign transaction fees
- 2X miles per dollar on all purchases
Introductory bonus
A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.
- Intro Balance Transfer APRN/A
- Regular Balance Transfer APR17.24% - 24.49% Variable
- Balance Transfer Fee$0 at this Transfer APR
- Penalty APRNone
- Late FeeUp to $40
- Returned Payment FeeN/A
- Additional Cards Annual FeeN/A
- Foreign Transaction FeeNone
Best 0% APR Card
- Min. credit levelGood
- Annual Fee$0
- Regular APR15.49% - 25.49% Variable
- One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
- Pay no annual fee or foreign transaction fees
- 1.5% cash back on all purchases
Introductory bonus
A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.
- Intro Balance Transfer APRN/A
- Regular Balance Transfer APR15.49% - 25.49% Variable
- Balance Transfer Fee$0 at this Transfer APR
- Penalty APRNone
- Late FeeUp to $40
- Returned Payment FeeN/A
- Additional Cards Annual FeeN/A
- Foreign Transaction FeeNone
You can get a Capital One cash advance from an ATM or bank, but they come with high fees and interest charges that accrue immediately, usually at a higher rate than your card’s regular APR. Before getting a cash advance, consider if the fees and terms are worth it compared to other ways to get cash.
Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.
Do you have a correction, tip, or suggestion for a new post? Contact us here.
The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.
