Need money to make it to your next payday? While Apple Pay is a handy tool to have on your phone if you don’t want to carry a wallet, you can’t apply for a cash advance just through Apple Pay. That being said, you can use a linked credit card with Apple Pay to take out cash at ATMs and applicable retail locations, as well as make purchases with your card and receive bonuses.
Credit card cash advances typically involve borrowing money against your credit limit. This type of credit transaction is often associated with fees and higher interest rates than regular purchases made with your card. The methods for getting a cash advance vary depending on the credit card issuer and may include using an ATM, visiting a bank, or requesting a check from your provider.
If you need a cash advance, you’ll need to explore online financing or any other options provided by your credit card issuer.
Does The Apple Credit Card Have Cash Advances?
As mentioned above, you can get a cash advance through Apple Pay at an ATM or a retailer. But, not through the system directly. Apple Pay used to offer “Buy Now, Pay Later” programs, but are no longer taking on new loans.
If you have an Apple Cash balance, you can transfer money directly from your Apple Cash card to your bank account or debit card. Most transfers are completed within a few business days. But you’ll pay a fee for issuing this transfer if you need it instantly on a debit card. Typically, this fee is around 1.5% of the total transfer amount.
How Can I Get An Apple Card Cash Advance?
If you were wondering, “Can I use an Apple card at an ATM?” The answer is yes, but there is a little bit of nuance to consider.
If you have an existing credit card from a provider, you can use Apple Pay to get a cash advance. If your linked credit card is eligible for cash advances and you have available credit to borrow against, you can use Apple Pay to apply at a participating ATM. The ATM must support cardless payments and take Apple Pay for this to work. You’ll need to set up a PIN for your Apple Card before the advance can be issued, however.
What Do I Need to Know About Using Apple Pay to Get a Cash Advance?
If you do use Apple Pay to get a cash advance on your credit card at an ATM, there are a few things that you should keep in mind.
- The cash advance will be processed as such by your provider. Therefore, you will incur the same fees as if you did it without using Apple Pay.
- A cash advance fee is typically around 3% of the amount you withdraw. This is typically higher than the usual purchase APR (Annual Percentage Rate) on the card.
- Additionally, interest on emergency cash advances usually starts accruing immediately, and the APR is typically higher than for purchases.
Can I Get a Cash Advance Online?
If you can’t find a participating ATM to use Apple Pay to get a cash advance, you are not out of options! Similarly, if you don’t have available credit to draw from to get an advance, you can explore other alternatives.
Did you know that you can get a cash advance online? Getting connected to the financial help you need should not be a hassle. And with Max CashⓇ, you can expect a simple process!2 Here’s what it looks like:5
Fill Out a Short Form
Complete a brief inquiry form online and provide some personal and financial details.
Connect with Your Lender
Once Max Cash® receives and reviews your information, we will connect you with a lender who meets your needs and requirements.
Get Your Money!
The lender will send you a contract to sign if you’ve been approved. Once you sign the agreement, the funds will be available.
Don’t wait to get started! Submit your quick online form and get connected to financial assistance without the hassle.
