Credit card cash advance calculator
Cash advance calculator: the fee and interest from day one
Taking cash from a credit card? See the fee, the interest that starts the day you take it, and the total cost for as long as you carry it.
The cash advance
Your card's cash advance fee and APR are on your statement or card agreement. The numbers here are only a starting point.
Total cost
$40.95
if you repay it all in 30 days
Effective APR
100%
fees and interest together
| Cash advance fee | $25.00 |
|---|---|
| ATM fee | $3.00 |
| Interest over 30 days | $12.95 |
| Total cost | $40.95 |
Interest on a cash advance starts the day you take the cash, with no grace period. The fee is added to the balance, so interest runs on it too.
Next to a loan at 36% APR
Borrowing the same $500 over 1 month at 36% APR with no fee costs about $15.00 in interest.
Compare every optionHow this works
- The fee is the card's percentage of the cash taken, or its minimum fee if that's higher.
- Interest on a cash advance starts as soon as you withdraw the money; there's no grace period (CFPB).
- The fee is added to the balance, so interest is charged on the cash plus the fee, at the cash advance APR, for the days you carry it.
- Any ATM fee is added on top.
- The effective APR puts the fees and interest together as a yearly rate.
- The starting fee and APR are examples only. Use the terms on your statement or card agreement.
Sources
- CFPB: withdrawing money from a credit card at an ATM
- Regulation Z §1026.22: annual percentage rate (CFPB)
Awaiting expert reviewEstimates only; not financial, tax or legal advice.
Common questions
How much does a credit card cash advance cost?
A fee, usually a percentage of the cash with a minimum, plus interest from the day you take the cash at your card's cash advance APR. Your card agreement lists both.
Is there a grace period on a cash advance?
No. The CFPB says that unlike purchases, interest on a cash advance starts as soon as you withdraw the money.
Is a cash advance cheaper than a payday loan?
It depends on your card's terms and how long you carry it. The need-money-now tool prices both for the same amount and timing.
Does DebtCheckUSA get paid for what this tool shows?
The costs are the same no matter what. Some short-on-cash tools can show loan offers from a paid partner, labeled Paid partner and placed below the cheaper options. Nothing you type is sent to them.
Is the information I enter saved or sent anywhere?
No. What you type stays on this page. It isn't saved or sent anywhere, and it clears when you leave or reload the page.