You can get a cash advance from your Credit One card at an ATM, at a bank teller window, by using convenience checks, or through the Credit One mobile app or website. Before you withdraw anything, you’ll need a PIN and should understand the fees, which are steep compared to regular purchases.
Set Up Your PIN First
If you plan to use an ATM, you need a PIN. Credit One lets you create one through your online account. Sign in, select the card you want to use, go to Settings, and look for “Change PIN.” Follow the prompts to set a four-digit code. If you run into trouble, you can also call the number on the back of your card and request one over the phone. Give it a business day or two before trying the PIN at an ATM, just to be safe.
Four Ways to Get Cash
ATM Withdrawal
Insert your Credit One card at any ATM that accepts your card’s network (Visa or Mastercard, depending on your card). Enter your PIN, select “cash advance” or “credit” as the account type, and choose the amount. The ATM operator may charge its own fee on top of what Credit One charges, so you could see two separate fees on your statement for a single transaction.
Bank or Credit Union Teller
Walk into any bank or credit union branch with your Credit One card and a government-issued photo ID. Ask the teller for a cash advance, specify the amount, and they’ll process it against your credit line. This method doesn’t require a PIN, which makes it a good backup if you haven’t set one up yet.
Convenience Checks
Credit One sometimes mails convenience checks to cardholders. These look like regular checks but draw from your credit line as a cash advance. You can write one out to yourself and deposit it into your bank account, cash it at a bank, or use it to pay someone directly. If you haven’t received any in the mail, check the Credit One app or website to request them.
Online or Mobile App Transfer
Some Credit One cards let you request a cash advance digitally and deposit the money straight into your checking account. Log into the app or website, look for a cash advance option, enter the amount and your bank account details, and submit. The transfer typically takes one to three business days to arrive.
How Much You Can Withdraw
Your cash advance limit is a portion of your total credit limit, not the full amount. Credit One sets this separately, and it’s usually lower than your spending limit. You can find your cash advance limit by logging into your account online or calling customer service. Keep in mind that any cash advance you take reduces your available credit for regular purchases too, since both draw from the same overall credit line.
ATMs also impose their own per-transaction withdrawal caps, often $200 to $500 regardless of what your card allows. If you need more than the ATM limit, a bank teller or convenience check may be a better route.
Fees You’ll Pay
Credit One charges a cash advance fee on every transaction. The exact amount depends on which Credit One card you carry, but the two common structures in their cardholder agreements are:
- $5 or 8% of the advance, whichever is greater
- $10 or 5% of the advance, whichever is greater
To put that in real numbers: if you take a $200 cash advance and your card charges 8%, you’ll pay $16 upfront. At the 5% tier, that same $200 advance costs $10 (the minimum). These fees are added to your balance immediately.
How Interest Works on Cash Advances
This is where cash advances get expensive. Unlike regular purchases, cash advances have no grace period. Credit One begins charging interest from the day the advance posts to your account, not at the end of your billing cycle. Even if you pay your statement balance in full every month, you cannot avoid interest charges on a cash advance.
The cash advance APR on Credit One cards is typically higher than the purchase APR. You can find your specific rate in the “Account Details” or “Rate and Fee Information” section of your online account. Because interest starts accruing immediately and compounds daily, a $300 cash advance that takes you two months to pay off can easily cost $30 to $50 in combined fees and interest, depending on your rate.
Checking Your Terms Before You Withdraw
Credit One offers many different card products, and the fees, rates, and cash advance limits vary from one card to the next. Before taking an advance, pull up your specific cardholder agreement online or in the app. Look for three numbers: your cash advance credit limit, your cash advance APR, and your cash advance transaction fee. Knowing all three lets you calculate the true cost before you commit. If you’re withdrawing $100 and the combined fee and first month of interest will cost you $15 or more, that’s effectively a 15% charge for short-term borrowing, which is worth weighing against alternatives like a small personal loan or borrowing from someone you trust.