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Can you withdraw cash from a credit card?

Article author

Anushka

Apr 22, 2025

5 min read

Can you withdraw cash from a credit card?

How does a credit card cash withdrawal work?

A cash advance allows you to take out cash from an ATM using your credit card. However, there are key differences compared to using a debit card. For example, there is typically no interest-free period; unlike purchases, where you may get up to 56 days interest-free, cash advances accrue interest immediately.

Can I transfer cash from my credit card​?

If you're wondering whether you can transfer cash from your credit card to your bank account, the short answer is no - at least not directly. Credit cards are designed for purchases, not cash transfers, and most providers don’t allow direct transfers to a bank account. 

If you regularly need to borrow money, exploring financial products designed for cash access - like personal loans or money transfer credit cards - may be a better solution.

Why can cash withdrawals on a credit card be expensive?

  • High interest rates - the APR on cash advances is typically higher than for regular purchases.

  • Cash advance fees - most providers charge a flat fee or a percentage of the withdrawn amount.

  • Impact on your credit score - lenders may see frequent cash withdrawals as a sign of financial difficulty.

If you do need access to quick cash, consider alternative options - like an interest-free overdraft. 

Does a cash advance ever make sense?

Withdrawing cash from a credit card should be a last resort, but it may be necessary if:

  • You have no other way to access funds in an emergency

  • You’re traveling and need local currency quickly

  • Your debit card isn’t accepted

At Zable, we don’t charge a higher APR when withdrawing cash as we know it might be occasionally necessary. By using your debit card instead though, you would save at least £3 per cash withdrawal and protect your credit rating. 

Withdrawing cash from a credit card should be a last resort. If you’re struggling with credit card debt, explore other financial solutions with a financial advisor.

This blog is for informational purposes only and does not constitute financial advice. Please speak to a qualified financial adviser before making financial decisions.