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Low cash advance rate credit cards

When a cash advance is unavoidable, compare these cards for a competitive cash advance interest rate and low fees.

  • A lower interest rate on cash advances
  • Options with no annual fee for life
  • Some cards apply one low rate to purchases and cash advances

Written by Andrew BoydReviewed by Vidhu Bajaj and David Boyd

FeaturedBank Australia Low Rate Visa Credit Card cardBank Australia Low Rate Visa Credit Card
2 reviews
  • 6 months at 0% p.a. on balance transfers
  • 12.34% p.a. purchase rate, below the 19.24% p.a. market median
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Compare 55 low cash advance credit cards

Low cash advance by the numbers

55
Cards compared
11.99% p.a.
Average purchase rate
6.96% p.a.
Lowest purchase rate
Greater Bank Business Visa Credit Card
$33
Average annual fee
$0
Lowest annual fee

Comparing low cash advance rate credit cards

When you want a low cash advance rate, look at both the ongoing rate and the transaction fee. Some providers, like ING, apply one low variable rate (for example 12.99% p.a.) to both purchases and cash advances, which is cheaper if you need to withdraw cash.

Other cards offer no annual fee or a balance transfer deal but carry a much higher cash advance rate, sometimes near 30% p.a. Check the fee too (often a flat $3 to $5 or a percentage), and remember interest on cash advances usually starts immediately with no interest-free period. If you simply want a low ongoing rate, compare low rate cards.

Low cash advance credit card FAQs

A cash advance is when you use your credit card to get cash, such as an ATM withdrawal or a cash-equivalent transaction. It usually has no interest-free period and a higher rate than purchases, plus a fee, so interest starts straight away.

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Related card types

$0 annual fee credit cards0% purchase credit cardsBalance transfer credit cardsBuy now, pay later style credit cardsCredit cards with up to 55 days interest-freeLow rate cards

Sources

Credit Card Compare
Credit card statistics for Australia