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Cash advance when card in credit

Posted by ET ET
Message 1 of 2 1,368 Views

My Platinum MC is in credit. Am I able to withdraw this amount in cash from an Australian ATM without incurring any fees. The withdrawal will not go into the credit card limit - in fact, there will be a small amount of credit still remaining on the account. 

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Re: Cash advance when card in credit

Posted by DanaeC DanaeC
Message 2 of 2 1,364 Views

Hey @ET, thanks for your question.

In the situation you've advised above (where the credit card account has a credit balance after a cash withdrawal), a fee of $4.00 would apply. In saying that, this fee is waived when withdrawing cash using Bankwest stores, Bankwest Online Banking, Bankwest ATMs and Commonwealth Bank ATMs.

It's also good to note that generally, a Cash Advance Fee of 2% or $4.00, whichever is the greater, will apply if the account has a debit balance after the withdrawal. 


This previous Forum post may help further Smiley Happy


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