No. of Recommendations: 2
stevenjklein,

What's a "cash advance limit"? ... And why would I need one?! ;-)

Seriously though, cash advances come with a huge cost to the card user and a huge risk to the bank. People should only take one in a dire emergency. (Say if you're stranded in a foreign country and need to get cash from an ATM.) And the bank should only lend a reasonable amount to limit its fraud risk, since they can't do a charge-back on a cash advance.

I'd suspect the bank was just trying to limit its fraud exposure. I doubt it has anything to do with you personally.

- Joel
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.