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Capital One Advance Cash Fee: What You Need to Know

If you're a Capital One credit card holder, you may have heard of the advance cash fee. What is it, exactly? And why does it matter?

Simply put, the advance cash fee is the fee Capital One charges when you use your credit card to withdraw cash from an ATM or get cash back at a store. This fee is in addition to any interest charges and is typically a percentage of the total amount withdrawn, with a minimum fee amount.

So why does this matter? Well, for one thing, it can be expensive. The advance cash fee can range from 3% to 5% of the total cash amount, with a minimum fee of around $10 to $20. So if you withdraw $500 in cash, you could be looking at an advance cash fee of anywhere from $15 to $25.

How to Avoid the Advance Cash Fee

Obviously, if you're looking to save money, you'll want to avoid this fee as much as possible. Here are a few ways to do that:

The Pros and Cons of Using Your Credit Card for Cash Advances

While the advance cash fee can be steep, there are some situations where using your credit card for a cash advance might make sense. Here are a few pros and cons to consider:




The Capital One advance cash fee is an expense you'll want to avoid if possible, but there are times when using your credit card for a cash advance might make sense. By understanding the pros and cons of this option, you can make a decision that's right for you.

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