If Your Credit Limit Is $2300 With Walmart Card, How Much Cash Advance Can You Get?
Having a credit card can provide you with a convenient way to make purchases without carrying cash. However, there may be times when you need cash for unexpected expenses or emergencies. In such situations, you might wonder if you can get a cash advance with your Walmart card and how much you can obtain. Let’s explore the possibilities and answer some frequently asked questions about cash advances on Walmart cards.
Can I Get a Cash Advance with My Walmart Card?
Yes, you can get a cash advance with your Walmart card. Walmart offers this service to its cardholders, allowing them to withdraw cash from an ATM or obtain cash back at the point of sale. However, it is important to note that cash advances typically come with additional fees and high-interest rates compared to regular purchases. Therefore, it is advisable to consider this option only when necessary and to pay off the advance as soon as possible.
How Much Cash Advance Can I Get with My Walmart Card?
The amount of cash advance you can get with your Walmart card depends on your available credit limit. If your credit limit is $2300, you may be able to get a cash advance up to a certain percentage of that limit. The specific percentage varies based on factors such as your creditworthiness and Walmart’s policies. Typically, cash advances are limited to a certain percentage of your credit limit, often ranging from 20% to 50%. Therefore, with a $2300 credit limit, you may be eligible for a cash advance ranging from $460 to $1150.
Is There a Fee for Cash Advances on Walmart Cards?
Yes, there is usually a fee associated with cash advances on Walmart cards. The fee, commonly known as a cash advance fee, is typically a percentage of the total amount advanced or a flat fee, whichever is greater. This fee is charged at the time of the cash advance transaction and will be added to your outstanding balance. It is important to review your cardholder agreement or contact Walmart’s customer service to determine the exact fee structure associated with cash advances on your Walmart card.
What Are the Interest Rates for Cash Advances on Walmart Cards?
Cash advances on Walmart cards generally have higher interest rates compared to regular purchases. The interest rate for cash advances can vary depending on your creditworthiness and the terms and conditions of your specific Walmart card. However, it is common for cash advances to accrue interest from the moment the advance is taken, unlike regular purchases that may have a grace period. Therefore, it is crucial to pay off the cash advance as soon as possible to avoid accumulating excessive interest charges.
Q: Can I get a cash advance with my Walmart card at any ATM?
A: No, not all ATMs accept Walmart cards for cash advances. It is recommended to check with Walmart or refer to their website to find a list of approved ATMs for cash advances.
Q: How long do I have to repay a cash advance on my Walmart card?
A: The repayment terms for cash advances on Walmart cards vary depending on the specific card’s terms and conditions. It is crucial to review your cardholder agreement or contact Walmart’s customer service to understand the repayment timeline and avoid any late payment fees.
Q: Can I use my Walmart card for cash advances internationally?
A: Yes, you can use your Walmart card for cash advances internationally. However, it is essential to be aware that additional fees and foreign transaction charges may apply. Contact Walmart or refer to your cardholder agreement to understand the fees associated with using your card for cash advances abroad.
Q: Can I make a partial cash advance with my Walmart card?
A: Yes, you can make a partial cash advance with your Walmart card. The amount you choose to withdraw or obtain as cash back is entirely up to you, as long as it falls within your available credit limit and the cash advance limits set by Walmart.
In conclusion, if your credit limit is $2300 with a Walmart card, you may be eligible for a cash advance ranging from $460 to $1150. However, it is important to consider the associated fees and high-interest rates before deciding to get a cash advance. Be sure to review your cardholder agreement or contact Walmart’s customer service for accurate and up-to-date information regarding cash advances on your specific Walmart card.