Cash advance rates and fees compared
From Australia’s major credit card providers on credit cards that allow cash advances (not all cards do).
| Cash advance fee | Cash advance interest rate | |
|---|---|---|
American Express (only enrolled cardholders approved before 2008 can access cash advances) | $2.50 or 2% of the cash advance amount (whichever is greater), or $1.25 per withdrawal on charge cards. | 23.99% p.a. |
ANZ | 3% of any cash advance (a minimum fee of $4 applies to cash advances made outside Australia) | 21.99% p.a. |
Bank of Melbourne | 3% of cash advance amount | 21.49% p.a. |
BankSA | 3% of cash advance amount | 21.49% p.a. |
Bankwest | 3% of transaction amount or $4 (whichever is greater) | 21.99% p.a. |
Bendigo bank | $3.00 or 3% of the transaction amount (in AUD), whichever is greater | 19.99% p.a. - 21.99% p.a. depending on the card |
Citi | 3.5% of the transaction amount (minimum of $3.50 applies) | 22.24% p.a. |
Commbank | $4.00 or 3.00% of the transaction amount whichever is greater (up to a maximum of $300) | 21.99% p.a. |
HSBC | The higher of 3% or $4 | 21.99% p.a. |
St.George Bank | 3% of cash advance amount | 21.49% p.a. |
Suncorp | 3.5% of transaction amount (minimum charge of $3.50 applies) | 21.99% p.a. |
Westpac | 3% of the value of the transaction | 21.49% p.a. |
Virgin Money | 2.7% (minimum of $2.70 applies) | 20.99% p.a. on all cards except the low rate card (21.69% p.a.) |
Correct as at 10 Oct 2023. Check with the provider for current cash advance rates, fees, terms and conditions.
