The Mastercard cash advance fee is generally 3% or 5% of the cash advance amount, depending on the card. However, there are also some exceptions. For instance, the Indigo® Mastercard® for Less than Perfect Credit cash advance fee is: 5% (min $5). Note that cash advance fees are assessed by the card issuer, and they are not controlled by Mastercard.
Cash Advance Fees for Mastercard Credit Cards
| Mastercard Credit Card: | Cash Advance Fee: |
| 5% (min $5) | |
| 5% (min $5) | |
| 3% (min $3) | |
| 5% (min $10) | |
| Either $10 or 5% of the amount of each transaction, whichever is greater. | |
| Either $10 or 5% of the amount of each transaction, whichever is greater. |
Be aware, this fee is not the only cost associated with cash advances. You will also get charged interest on the cash advance amount. Plus, there may be ATM fees, too, depending on where you do the cash advance.
In the long run, cash advances can get expensive. However, if you’re looking for a card that will save you a little bit of money on cash advances, check out WalletHub’s picks for the best cash advance credit cards.
This answer was first published on 12/09/22 and it was last updated on 01/15/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
