Cash Advance Credit Cards | Review & Compare

Cash Advance Credit Cards

Need to withdraw cash from your credit card? Compare credit cards with the lowest cash advance rates and cash advance fees.

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Rated 4.8 out of 5 for customer satisfaction.
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cash advance rate
cash advance fee
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0% p.a. for 6 months on purchases.
Make purchases with NAB’s lowest interest rate card and longest interest-free period.
Low $59 p.a. annual fee.
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21.74% p.a.
ongoing
whichever is greater, $2.50 or 2%
6 months
0% p.a.
then 13.99%
24 hour, 7 day Platinum Concierge Service.
7 types of complimentary insurances including overseas travel insurance.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
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21.74% p.a.
ongoing
whichever is greater, $2.50 or 2%
19.74% p.a.
ongoing
ING Direct Orange One Credit Card
No annual fee.
Low 11.99% p.a. variable purchase rate and cash advance rate.
Comes with Apple Pay.
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11.99% p.a.
ongoing
whichever is greater $3 or 3%
11.99% p.a.
ongoing
$0 p.a. annual fee for the first year, then $30 p.a.
An easy to manage credit limit from $500 will mean you can’t build up a lot of debt.
Make every day a little bit easier and do your banking on the go with the ANZ App.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
0% p.a. for the first 18 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 20.24% p.a.
Low annual fee.
Up to 55 days interest free on purchases when you pay your account in full each month.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
25,000 bonus Qantas points when you spend $1,000 on eligible purchases in the first 3 months.
Complimentary Qantas Frequent Flyer membership.
Eligibility criteria, T&Cs, fees and charges apply.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
0% p.a. for the first 18 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 20.24% p.a.
Up to 55 days interest free on purchases when you pay your account in full each month.
$0 annual fee for the first year (save $87).
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
Receive 150,000 points with your new ANZ Rewards Black card (terms and conditions apply).
Free International Travel Insurance.
Eligibility criteria, T&Cs, fees and charges apply.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
Receive 50,000 points with your new ANZ Rewards card (terms and conditions apply).
An easy to manage credit limit from $1,000.
Earn ANZ Rewards Points on everyday purchases.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
ANZ Rewards Platinum Credit Card
Receive 100,000 points with your new ANZ Rewards Platinum card (terms and conditions apply).
A range of complimentary insurances for travel and purchases.
Earn ANZ Rewards Points on everyday purchases.
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20.24% p.a.
ongoing
2%
20.24% p.a.
ongoing
HSBC Platinum Credit Card Balance Transfer Offer
Apply by 30 jun 20
0% p.a. on balances transferred for 22 months, with no balance transfer fee.
$129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
Earn 2 pts per $1 spent on overseas purchases.
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21.99% p.a.
ongoing
whichever is greater, $4 or 3%
19.99% p.a.
ongoing
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Q&As about Cash Advance Credit Cards from customers

What is a credit card cash advance?

A credit card cash advance typically refers to the withdrawal of a sum from your credit card account, delivered in Australian banknotes either over-the-counter or from an ATM.

But your card issuer may also define the following credit card transaction types as cash advances:

  • Purchase of foreign currency or traveller’s cheques
  • Cash withdrawal in a foreign currency while travelling overseas
  • Purchase of a gift card or other prepaid debit card
  • Balance transfer from another card, without an introductory interest rate offer
  • Funds transfer from your credit card account to a bank account
  • Gambling and gaming transactions

What are typical cash advance interest rates?

Most credit cards, especially those issued by the Big Four banks, charge a very high interest rate for cash advances. Typically this rate will be even higher than the rate charged for unpaid purchase balances, and it will often fall in the range 21%-22%p.a.

Are there any cards with low cash advance interest rates?

Yes, some credit cards do have a much lower interest rate for cash advances. However, 'lower’ is a relative term here, because a rate of between 10% and 13% p.a., charged by some smaller banks and credit unions, is low for a credit card but relatively high when compared with personal loan, secured loan and overdraft interest rates.

Also note that a card which advertises a low interest rate for purchases may still have a rate of over 20% p.a. for cash advances, or may not even offer cash advances.

Do interest-free days apply to cash advances?

No. The 44 or 55 interest-free days available on purchase transactions do not apply to cash advances. Interest on cash advances will be charged from the date of the transaction until the date of full repayment.

What other charges are associated with a cash advance?

Most credit cards charge a cash advance fee as well as interest. This may be a fixed amount (e.g. $3 per transaction) or a percentage (e.g. 2% of the amount withdrawn) or the greater of the fixed amount and the percentage (e.g. $3, or 2% of the withdrawal amount, whichever is greater).

Also bear in mind that many credit cards charge an annual fee, which needs to be counted as part of the cost if you are just going to keep the card in your wallet for the purpose of cash advances.

Why does it cost so much to get a cash advance?

A cash advance is an instant, unsecured loan – no paperwork, no delay, no questions asked. The card issuer is taking a bigger risk with a cash advance than other institutions do when making personal loans, home loans and other loans secured on a fixed asset.

Can I earn rewards points on a cash advance?

No. Rewards points are earned on eligible purchases, not on cash advances and cash equivalents. A cash advance is not an eligible purchase for the purpose of rewards points.

What other card features should I consider, besides the cash advance interest rate?

When assessing the value to you of any credit card, don’t just look at one feature. Take into account other attributes, such as rewards points, cashback, complimentary insurance, free flights and airport lounge access.

Also consider any negative features, such as the annual fee.

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Rated 4.8 out of 5 for customer satisfaction.
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