Yes, you can use your credit card at an ATM to withdraw cash, which is known as a cash advance. However, this transaction is an expensive option and should only be considered for emergencies.
- A cash advance is a loan against your credit limit and requires your credit card PIN.
- Interest on the cash advance is typically higher than for purchases and starts accruing immediately, as there is no grace period.
- You will be charged an upfront cash advance fee by the card issuer, in addition to any fee charged by the ATM owner.