The cost of a cash advance depends on a number of factors. For your specific terms, you can check your credit card account terms or contact your issuer. But keep in mind that there are typically fees associated with a cash advance.

What’s a Cash Advance Fee?

A cash advance fee is basically a service charge from your credit card issuer. Depending on your issuer, it can be a percentage of the cash advance amount or a flat fee. It could be taken out of the cash advance when you receive it or posted to your credit card bill.

What’s a Cash Advance APR?

When it comes to credit cards, interest and annual percentage rate (APR) are usually the same thing. Cash advances often come with a higher APR than any purchases you make with the same credit card. 

According to the Federal Deposit Insurance Corporation, the APR could be twice as high. Plus, most credit cards don’t offer a grace period on cash advances. This means that you’ll likely start accruing interest immediately.

What Other Fees Are Associated With a Cash Advance?

You might have to pay a service charge if you take out a cash advance at an ATM—just like you do for any other transaction. Your bank may charge a fee for taking out a cash advance in person too. 

A cash advance will also use more of your available credit. This impacts your credit utilization ratio. And depending on how much you borrow, that could lower your credit score.