You may not know this, but if you use your Amazon.com Credit Card to withdraw cash at an ATM, you will be charged a 5% cash advance fee per transaction (min $10). This can add up quickly, so it’s important to be aware of this fee before using your card to get cash.
In addition to the cash advance fee, you will also incur other costs like a separate cash advance APR that applies immediately after the transaction. So, what can you do to avoid this fee? Keep reading to find out.
How to Avoid the Amazon.com Credit Card cash advance fee
There are a few different ways that you can avoid the Amazon.com Credit Card cash advance fee. First, you can simply use another type of card to withdraw cash from an ATM. Some of the cards don’t have a cash advance fee, so this is a good option if you have another card that you can use.
Second, you could get a cash advance check from your bank or credit card issuer. These typically don’t have a cash advance fee either.
Finally, if you need cash in person, you can always visit a participating location and get cash back without incurring a fee.
Just keep in mind that not all locations participate in this program, so be sure to call ahead before making the trip.
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The best way to avoid the Amazon.com Credit Card cash advance fee is to use another type of card to withdraw cash from an ATM or get a cash advance check from your bank or credit card issuer. If you need cash in person, you can visit a participating location and get cash back without paying a fee.
Just be sure to call ahead first to make sure the location participates in the program. With just a little bit of planning, you can easily avoid this costly fee!
Hope this article was helpful. If you have any questions, please feel free to leave a comment below!