How to Take Out a Cash Advance off My Citi Card

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How to Take Out a Cash Advance off My Citi Card

If you find yourself in need of immediate cash, taking out a cash advance off your Citi card can be a convenient option. Citibank offers its customers the flexibility to withdraw cash from their credit card at ATMs or through other methods. However, it’s important to understand the process, associated fees, and potential impacts on your credit. In this article, we will guide you through the steps of taking a cash advance off your Citi card and address some frequently asked questions.

Step 1: Verify Your Cash Advance Limit
Before proceeding with a cash advance, it’s crucial to confirm your available cash advance limit. You can find this information on your monthly statement or by logging into your Citi online account. Keep in mind that your cash advance limit may be lower than your overall credit limit.

Step 2: Locate a Citi-affiliated ATM
To withdraw cash, you’ll need to find a Citi-affiliated ATM near you. Citibank has an extensive network of ATMs worldwide, making it convenient for cardholders to access cash. Use the Citibank online ATM locator or mobile app to find the closest ATM to your location.

Step 3: Withdraw Cash from the ATM
Once at the ATM, insert your Citi card into the machine. Follow the instructions on the screen to initiate a cash withdrawal. Enter the amount you wish to withdraw, keeping in mind any applicable fees. Confirm the transaction and collect your cash. Remember to retrieve your card before leaving the ATM.

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Step 4: Understand the Fees and Interest Rates
It’s essential to be aware of the fees and interest rates associated with cash advances on your Citi card. Generally, cash advances incur higher interest rates compared to regular credit card purchases. Additionally, most cash advances carry a transaction fee, typically a percentage of the amount withdrawn. Familiarize yourself with these costs by referring to your card’s terms and conditions or contacting Citi’s customer service.

Step 5: Repay Your Cash Advance
Like any other credit card transaction, it’s crucial to repay your cash advance promptly to avoid accumulating high-interest charges. Citi will include the cash advance amount in your monthly statement, along with the minimum payment due. To minimize interest costs, consider paying off the entire cash advance balance as soon as possible.


Q: Can I take a cash advance off my Citi card at a bank?
A: Yes, you can withdraw cash from your Citi card at participating banks. However, note that some banks may charge additional fees for this service.

Q: Can I take a cash advance off my Citi card online?
A: Citibank offers online cash advance services through their website and mobile app. You can transfer funds directly to your bank account or request a check for the cash advance amount.

Q: Are there any restrictions on cash advances?
A: Cash advances may be subject to certain limitations, such as daily withdrawal limits or a maximum cash advance limit. Make sure to check your card’s terms and conditions for specific restrictions.

Q: What if I don’t have a PIN for my Citi card?
A: To withdraw cash from an ATM, you’ll need a PIN. If you don’t have one, you can request a PIN from Citibank either online or by contacting their customer service.

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Q: Will taking a cash advance affect my credit score?
A: Taking a cash advance may impact your credit utilization ratio, which can affect your credit score. Additionally, missed or late payments on your cash advance can negatively impact your credit history.

In conclusion, taking a cash advance off your Citi card can provide instant access to funds when needed. However, it’s crucial to be aware of the associated fees, interest rates, and repayment obligations. By understanding the process and managing your cash advance responsibly, you can navigate this financial option effectively.