Card Cash Advance Information

Cash advances can be available in a couple of ways. Some credit card companies issue a limited number of checks that can be used to make payments or purchases. These checks function much in the same manner as checks used for bank accounts in that they are made out to a specific payee for the amount specified on the check. The payee can then cash the check as he or she normally would with any other check. The maximum amount available for use with these checks is limited and is typically noted clearly on the checks.
The other method is through the use of the credit card at an ATM machine. This method requires a PIN number that is issued by the charge card company and works similarly to banking ATM cards. Cardholders may be limited to specific ATM machines that feature the logo of a specific card issuer which can typically be found on the back of the card and clearly posted on the ATM. Failure to use these specific ATM machines could result in the cash advance being denied or the card not being accepted at all. Cardholders can borrow up to the maximum amount allowed by the card issuer.