# Cash Advance

*Borrowing & Credit — Finicade finance glossary*

A cash advance is withdrawing cash against a credit card, and it is priced as the most expensive routine borrowing most people have access to. There's an upfront fee of 3–5%, a higher APR than purchases, and no grace period, so interest starts the moment you take the money. Certain transactions are silently classified as advances too — gambling deposits, crypto purchases, some money transfers — which is how people incur the charge without ever visiting an ATM.

**Also known as:** credit card cash advance, ATM advance

**Related terms:** [Credit Card](https://finicade.com/glossary/credit-card), [Grace Period](https://finicade.com/glossary/grace-period), [APR (Annual Percentage Rate)](https://finicade.com/glossary/apr), [Payday Loan](https://finicade.com/glossary/payday-loan)

Source: https://finicade.com/glossary/cash-advance