When people hear the term "credit card cash," they often think of convenience—quick money when you need it most. But what does it really mean, and is it a smart financial move? In this post, we’ll break down what credit card cash is, how it works, and the pros and cons of using it.
Credit card cash, also known as a cash advance, is when you use your credit card to withdraw physical cash from an ATM or bank. Instead of buying something with your 신용카드 현금화, you're essentially borrowing money directly.Most credit card companies allow you to access a portion of your credit limit as cash. For example, if your total credit limit is $5,000, you might be able to withdraw $1,000 in cash advances.
Getting cash from your credit card is fairly simple. You can:
However, the process isn’t free. Cash advances come with high fees and interest rates—often higher than regular purchases. And unlike normal purchases, interest starts accruing immediately, without a grace period.
Here’s what you might pay for a cash advance:
All these costs make it one of the most expensive ways to borrow money.
Despite the downsides, credit card cash can be useful in emergencies—especially if you need immediate funds and have no other options. It’s best reserved for short-term, urgent needs, and should be repaid as quickly as possible.
Before using a cash advance, consider:
Credit card cash can be a financial lifesaver in urgent situations, but it comes at a high cost. If you decide to use it, be fully aware of the fees and interest, and aim to repay the balance quickly. Use it wisely—and only when truly necessary.