Can I Withdraw Cash From a Credit Card?

Yes.

You can withdraw cash from a credit card, but it’s usually treated as a cash advance, which means fees and interest that starts immediately (no grace period).

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With KOHO Essential:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.

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How Cash Withdrawals From a Credit Card Work

You can usually get a cash advance by:

• Taking out cash at an ATM (using your card and PIN)

• Getting cash from a financial institution

Your cash advance limit may be lower than your full credit limit, depending on the card.

Why It Can Get Expensive

Cash advances often cost more because:

• No interest-free grace period: interest starts the day you take the cash out.

• Higher interest rate than regular purchases is common.

• Extra fees: you may pay a cash advance fee from your card issuer, plus possible ATM fees.

What to Do If You Really Need Cash

• Withdraw the smallest amount you need.

• Pay it back as fast as possible to reduce interest.

• Check your card’s terms so you understand the fee and cash advance rate.