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Cash Advance Calculator

Calculator

Calculate the true cost of credit card cash advances and ATM withdrawals

Free to useNo data storedAI insightsUpdated: February 2026

Cash advances are one of the most expensive ways to borrow money. No interest-free period, high rates, and immediate fees. This calculator shows you the true cost.

Enter Your Details

Enter Your Details

$
%

Usually higher than purchase rate

%

Usually 2-4% of amount

$

Usually $3-5 minimum

$

Real-World Examples

Emergency $500 Cash Advance

$500 cash advance at 22% rate, 3% fee ($15), repaid in 30 days.

Inputs:

amount:500rate:22fee:3days:30
Fee: $15. Interest for 30 days: $9.04. Total cost: $24.04 for borrowing $500 for one month. That's an effective rate of over 57% p.a.!

Frequently Asked Questions

Glossary

Cash Advance
Withdrawing cash from your credit card - treated as a loan with immediate interest.
Cash Advance Rate
A higher interest rate that applies to cash withdrawals, typically 22-25%.
Cash Equivalent
Transactions treated like cash: casino chips, crypto purchases, money orders, some BPAY.

Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Interest rates, fees, and policies change frequently. Always verify information with lenders directly. This is general information, not personal financial advice. Consider seeking advice from a licensed mortgage broker or financial advisor.

Last updated: February 2026

How to Use
  1. Enter the cash amount you need
  2. Add your card's cash advance rate
  3. Include the fee percentage and minimum
  4. Add any ATM fees
  5. See the total cost
Key Information
  • Cash advance rates are typically 22-25% (higher than purchase rate)
  • NO interest-free period - interest starts immediately
  • Fees typically 2-4% or $3-5 minimum, whichever is higher
  • Interest compounds daily on cash advances
Pro Tips
  • Avoid cash advances whenever possible
  • Consider alternatives: bank overdraft, personal loan, even PayDay loans can be cheaper
  • If you must use, pay back immediately
  • Check if BPAY payments count as cash advances (some do)
Avoid These Mistakes
  • Thinking cash advances have interest-free period (they don't)
  • Not realizing some transactions count as cash advances
  • Using credit card abroad at ATMs (double hit: advance + forex)
  • Letting cash advance balance sit while paying regular purchases
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