What purchases does Wells Fargo consider to be cash advances?
Wells Fargo considers the following credit card transactions to be cash advances:
- ATM transactions
- Traveler’s checks
- Money orders
- Pre-paid gift cards
- SUPERCHECKSTM
- Wire transfers
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Wells Fargo cardmembers can tap into their revolving line of credit and make cash withdrawals. Unfortunately, this type of transaction comes with one of the highest fees and will accrue interest the day you make the transaction. But if you have no cheaper options, a cash advance from your Wells Fargo credit card could be useful.
To get a Wells Fargo cash advance, you must have a Wells Fargo card. Once you have a card in hand, all you have to do is:
Wells Fargo considers the following credit card transactions to be cash advances:
Wells Fargo is one of the card providers with the highest cash advance fees and APR. Because of that, it’s best to avoid cash advances altogether, or at least use them if there’s no better financial option for you.
To make a Wells Fargo cash advance, you’ll pay:
This makes a $500 ATM cash withdrawal cost $25 in fees as soon as you make the transaction. Some ATMs may charge an additional $3.
If you decide to pay off your cash advance in 30 days, you would accrue around $11 interest depending on your APR. That means your $500 costs $539.
Wells Fargo has one of the most expensive cash advances due to its high fees and interest. Unless there’s no cheaper alternative for you, a cash advance could only be useful in emergencies.
If you’re looking for a credit card with low cash advance fees, make sure you compare other credit cards.
Increase your purchasing power with active and responsible credit card use.
There’s only one option, but it might fit your needs.
Wells Fargo doesn’t currently accept prequalification requests, but there are ways to get a preapproval letter.
With a standard APR, low annual fee, and the trust of a reputable bank, the Wells Fargo secured credit card is a solid option for rebuilding credit.