Credit Card Cash Advance Amount Allowed

Guest: AJ
Post subject: Credit Card Cash Advance Amount Allowed
Posted: Fri Oct 20, 2006 12:25 pm

Why does some banks allow to access your full limit for cash, while others do 50% or even less than that.

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Guest: NightStar
Board Monitor/ Administrator
Posted: Fri Oct 20, 2006 1:11 pm

My guess would be to limit the potential loss if a consumer takes the money and runs.
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Guest: Brammy
Credit Expert (100+ Posts)
Posted: Fri Oct 20, 2006 1:37 pm

Good question, I was wondering the same thing. NEver took a CA but was wondering why on card gave full limit access the other gave 20-30%

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Guest: Evilbunny
Posted: Fri Oct 20, 2006 2:15 pm

i dont know

at least with chase, for most accounts, the cash limit is 20% of the total credit limit.

though recently i have noticed alot of accounts having their cash limits permanently raised to the full credit limit. i see no reason for this. if someone is so desperate for money that they are willing to pay a 3% fee with no max and a 24% apr. then that makes me worry about their financial stability. but hey, thats just me. lol

banks = illogical

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