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When it comes to applying for credit cards, different applicants have different variables in mind in terms of what makes a credit card right for them. Whether it's the APR rate, the annual fee or any other variable that is used to determine the viability of a credit card – each applicant will have their preferences.
Cash advance credit cards are becoming increasingly popular; although, it is often difficult to find which card best suits this particular need. Many cards have different cash advance fees and requirements, making it difficult for new users to understand which card they should pursue.
5 Best Cash Advance Credit Cards
The below content will cover the 5 best cash advance credit cards, with each one being catered to a different demographic of individuals applying for the card.
1. Best for Military Members
Military members have a variety of benefits and exclusive accounts that civilians otherwise do not have access to. Among these benefits and advantages are specific credit cards that are only offered and issued to military members.
The best cash advance credit card for military members is the Navy Federal Credit Union Visa Signature® Flagship Rewards Credit Card. Some of the attributes of the card are as follows:
- There is a $49 annual fee.
- Excellent credit is required.
- A 0% balance transfer fee.
- No rewards limit and no rewards expiration while the account is open.
- No cash advance fee at any Navy Federal branch or ATM.
For military members, this is a great card to take advantage of.
2. Best for Fair Credit
Finding a credit card that won’t stick you with exorbitant rates or possibly even decline your application can be difficult. For those with fair credit, every hard credit check is extremely valuable as it will slightly negatively impact your credit score.
Finding a credit card for individuals with fair credit isn’t always easy, but it can be done. The best cash advance card for applicants with fair credit scores is the First Tech Choice Rewards World Mastercard®. There are a ton of benefits to this card, including the following:
- There’s a $0 cash advance fee.
- There’s a $0 foreign transaction fee.
- Fair credit is required.
- Bonus rewards are earned if you spend $3,000 in the first 60 days.
Some additional attributes can be beneficial to applicants with fair credit – it’s certainly a card worth looking into.
3. Best for Bad Credit
Unfortunately, finding credit cards with bad credit is even more difficult than finding credit cards that will accept fair credit. Rather than stretching yourself too thin and attempting to apply for a credit card that you are unlikely to be approved for, some pretty solid credit cards are known for accepting applicants with bad credit.
The best credit card for bad credit applicants is the DCU Visa® Platinum Secured Credit Card. Some of the notable benefits of this card are as follows:
- A $0 one-time fee.
- A $0 annual fee.
- A $0 monthly membership fee.
- A 0% cash advance fee.
- Compatible with Apple Pay, Google Pay and Samsung Pay.
If you are an applicant with bad credit, you are probably better off shopping around for cards that best suit or fit your needs. With that said, though, this card certainly is one of the top cash advance credit cards for individuals with bad credit.
4. Best for Sign-up Bonus
Sometimes pursuing a card with a great sign-up bonus can help cover the annual fee of the card for multiple years, meaning you ultimately get the card for free for a good while. Shopping around for worthwhile sign-up bonus cards can be difficult as they each operate on their own points system and rewards network.
In the case of cash advance credit cards, there are a few cards that offer sign-up bonuses. Chase Freedom Flex℠ Review is certainly at the top of the list in terms of cash advance credit cards with the best sign-up bonus.
Their benefits include:
- Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
- A 5% cash back on grocery store purchases of up to $12,000 spent in the first year
- A $0 annual fee.
5. Best for Rewards
Similar to a sign-up bonus, there are cash advance credit cards that offer extremely good rewards for cardholders who use the card properly. Earn additional multipliers on your reward points for certain types of transactions – build up your rewards and apply them to purchases or spend them how you wish.
Of all of the cash advance rewards cards, the Citi Double Cash® Card Review certainly is one of the best. Benefits for cardholders include:
- Earn 2% on every purchase that you make.
- Earn 5% total cash back on hotel, car rentals and attractions booked through Citi Travel.
- $0 annual fee.
- Access to Citi Entertainment.
Whether you’re an applicant with bad credit or a member of the military looking to maximize your rewards, there is certainly a cash advance credit card that will best suit your needs!
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