How to get money off venmo card

How can I get a cash advance with my Venmo Credit Card?

This question is about the Venmo Credit Card

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How can I get a cash advance with my Venmo Credit Card?
Evelyn Boros, Credit Cards Moderator
What you should know about Venmo Credit Card cash advances:
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Evelyn Boros, Credit Cards Moderator

@evelyn_boros • 09/23/22 This answer was first published on 09/28/21 and it was last updated on 09/23/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

You can get a Venmo Credit Card cash advance at an ATM. To do so, insert the card in the ATM, then enter your PIN and choose the cash advance option. After that, input the amount, and collect the cash and your card.

What you should know about Venmo Credit Card cash advances:

Cash advances come with high APRs: The Venmo Credit Card cash advance APR is 26.49% (V), which will start accruing interest immediately, with no grace period.
There is a cash advance fee: The Venmo Credit Card cash advance fee is 5% (min $10). There may be ATM-owner fees, too.
Cash advances require a PIN: To use an Venmo Credit Card for cash advances at an ATM, you will need a PIN. If you don’t already have one, you can make a request over the phone at (855) 878-6462. You should receive a new PIN in the mail in about 3-5 business days.

Before you take out a Venmo Credit Card cash advance, it’s important to note that it is a very expensive transaction. So, it would be best to avoid using your Venmo Credit Card for cash advances, unless it’s absolutely necessary.

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Anyone know how to get a cash advance on a credit card without a PIN?

There are a few ways to get a cash advance on a credit card without a PIN. The easiest way to withdraw cash from a credit card without a PIN is to visit a bank that does business with your credit card company, ask the teller for a cash advance, and present your card along with a government-issued photo ID. You could also ask your credit card’s issuer for so-called … read full answercredit access checks, which you can then use to withdraw cash from your credit line.

The other ways to get a cash advance on a credit card without a PIN are to purchase a money order from the likes of MoneyGram or Western Union, or link your credit card account to a service such as Amazon Pay. Alternatively, using an app such as Venmo, PayPal or Cash App can also help you pay people and businesses that can’t accept credit cards directly. Those services often charge a fee for using a credit card, but the transaction may actually be processed as a payment rather than a cash advance.

To get a cash advance with a credit card at an ATM, however, you need a PIN. But getting one is easy. If you didn’t create a PIN when you activated your card, you should be able to call customer service, choose your number and get it set it up right away. Some issuers, such as Bank of America and Discover, also let you set a PIN online.

Whether or not you use a PIN, you’ll want to be careful about cash advances. They typically charge high interest rates and a 2%-5% fee. Plus, there’s no grace period, so interest starts accruing as soon as you complete the transaction. But unforeseen circumstances arise for everyone, so here are your options if you need cash but don’t have a PIN.

Here’s how to withdraw cash from a credit card without a PIN:

Bank teller: You can get a cash advance without a PIN at a bank branch, but you’ll need both your credit card and a government issued photo ID like a driver’s license or passport.

Access checks: If your credit card issuer has sent you access, or convenience, checks, you can use them to withdraw cash at any bank that accepts them. Access checks are blank checks that draw on your credit line rather than your checking account. Some issuers send access checks without being asked, but you can also request them by calling customer service. Keep in mind that access checks are subject to the same high APRs and lack of grace periods as cash advances.

Money-transfer service:You can buy a money order with a credit card from a service such as Western Union or MoneyGram. This would allow you to transfer funds to a recipient using just a phone number or email address. It won’t give you cash on the spot, but it could make it possible to ultimately spend part of your credit line in cash if you transfer the money to the right person. The transaction likely will be treated as a cash advance, however.

Digital payment service: Apps such as PayPal, Venmo and Cash App allow you to make payments from a linked credit card account. That could remove the need to withdraw cash altogether, though these services usually charge a fee. The transaction may or may not be considered a cash advance, too, depending on the service and the credit card.
Similarly, you can link a credit card to an Amazon Pay account and pay a merchant that way. The merchant needs an Amazon "Recipient Name," however. And if you don’t mark the payment as being for "goods and services," the transaction will be considered a cash advance.

So, there are a handful of different ways to get a cash advance on a credit card without a PIN. Just remember that cash advances tend to be quite expensive and should be reserved for emergencies.

For more information, check out our credit card cash advance guide.

Here are the best ways to withdraw cash:

If you need a way to access cash on a regular basis, it’s best to look for a cheaper, more sustainable alternative. Two options in particular are good for the job, though each will usually require a PIN of its own.

For example, you could just get cash with a debit card. You won’t be able to borrow money with a debit card, but it would enable you to make purchases from cash-only merchants. Just go to an ATM or make a small purchase at a store and select the cash back option.

Using a prepaid card is another possibility. A prepaid card is like a checking account with a debit card, minus the checkbook. You can use it to make purchases directly or to withdraw cash from ATMs. But it only allows you to use your own money and doesn’t help you build credit.

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Can you use a credit card on Venmo?

Yes, you can use a credit card on Venmo, but it might not be the best idea to do so. This is the only payment method for which Venmo charges a 3% fee. Plus, some card issuers might consider this transaction a cash advance, which will involve an additional fee and a higher APR.… read full answer

So, you’re better off using a debit card, prepaid card, or a bank account to fund your Venmo transfers if you’re able to. In order to use your credit card with Venmo, you’ll have to link it to your account first, which is an easy process.

Here’s how to use a credit card on Venmo:

Tap the icon that looks like 3 horizontal lines in the upper left corner of the app.

Hit “Settings”, then select “Payment Methods”.

Tap “Add bank or card, and then tap “Card”.

Enter your card number, expiration, and security code manually, or take a picture of your card.

If you’d like to set your credit card as your primary funding source for Venmo, there’s an option for that as well. You can do that anytime you complete a payment. Simply tap on the bank or the card shown at the bottom of the payment screen to change it. Then, any time you want to send money with Venmo, your credit card will be the default option. As always, though, just be mindful of how much of your credit line you’re using.

Lastly, if you’re wondering about the best credit card to use on Venmo, you should look for a card with consistently valuable rewards.

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