Withdrawing cash using a credit card—known as a cash advance—allows you to take out money from an ATM or bank branch against your credit limit. Unlike regular purchases, cash advances usually come with higher fees and immediate interest charges.
Check Fees and Interest Rates First
Before making a withdrawal, review your card’s terms:
Cash advance fee: Often a flat amount 신용카드현금화 or a percentage of the withdrawal.
ATM charges: Extra fees if you use another bank’s machine.
High interest: Interest starts accruing right away, unlike purchases that have a grace period.
Understanding these costs helps you decide if withdrawing is worth it.
Plan the Amount You Need
Only withdraw the minimum cash necessary. Taking out large sums increases fees and interest, making it harder to pay back. If you just need emergency funds, keep it small and manageable.
Use Safe ATMs and Bank Branches
Choose ATMs in well-lit, secure locations—ideally at your own bank. Avoid standalone or unfamiliar machines that may pose fraud or skimming risks.
Protect Your PIN and Information
When withdrawing:
Shield your PIN from cameras or bystanders.
Avoid sharing card details.
Be cautious of suspicious devices attached to ATMs.
Repay Quickly
Since interest starts immediately, the smartest move is to repay the cash advance as soon as possible. Even partial early payments reduce the amount of interest charged.
Explore Alternatives Before Withdrawing
Cash advances should be your last resort. Safer alternatives may include:
Using a debit card or emergency savings.
Asking your bank for a personal loan, which often has lower interest.
Using mobile wallets or transfers if cash isn’t strictly necessary.
✅ Key takeaway: Withdraw credit card cash only in emergencies, keep the amount low, use secure ATMs, and pay it back quickly to minimize costs.