10 Best Credit Cards for Cash Advance

Knowing which credit card is the best credit cards for cash advance – whether for an urgent financial need or a momentary deficiency – could dramatically alter the outcome.  To assist you in making an informed decision, we have compiled a list of the 10 best credit cards that offer cash advances, concentrating on their terms, costs, and benefits.

In this in-depth guide, you will learn:

• The Best Credit Cards for Cash Advance in South Africa – a List (2024)
• Immediate Cash Advance Credit Cards with the highest cash limits
• The Best Credit Cards for Cash Withdrawal, 0% Interest, or Bad Credit
• How to Pay a Cash Advance on a Credit Card
• Should I Get a Cash Advance on my Credit Card – Answered!

and much, MUCH more!

10 Best Credit Cards for Cash Advance – a Comparison

10 Best Credit Cards for Cash Advance (2025)

1. ☑️ SASFIN Visa Platinum Credit Card – Overall, the Best Credit Card for Cash Advance in South Africa
2. ☑️ Bidvest Bank World Currency Card – Ideal for Business Travellers and Globetrotters
3. ☑️ TymeBank Credit Card – Competitive Interest Rates and Minimal Fees
4. ☑️ African Bank Black Credit Card – Provides a Substantial Credit Limit
5. ☑️ Old Mutual Money Account Credit Card – Affordable Fee Framework
6. ☑️ American Express Platinum Credit Card – Wide Range of Exclusive Perks
7. ☑️ Nedbank Gold Credit Card – Cost-Effective Credit Card
8. ☑️ Capitec Credit Card – Rewards Programme and a Credit Limit of up to R500,000
9. ☑️ Discovery Bank Black Credit Card – Health and Lifestyle Benefits
10. ☑️ FNB Aspire Credit Card – Travel and Entertainment Reductions

SASFIN Visa Platinum Credit Card

The SASFIN Visa Platinum Credit Card is a standout product designed to meet the needs of those who desire a harmonious combination of luxury and practicality.

This card is widely recognized for its considerable credit limit and provides various exclusive benefits, including complimentary airport lounge access and comprehensive travel insurance.

Moreover, it gives cardholders various redemption options to reimburse them for their spending. This characteristic renders it a highly suitable option for individuals who travel frequently or value an element of sophistication in their financial resources.

Why the SASFIN Visa Platinum credit card is ideal for Cash Advances

The SASFIN Visa Platinum Credit Card has been designed to cater to the requirements of individuals seeking high-end benefits such as lifestyle rewards and travel privileges.

Consequently, it is accompanied by a monthly fee of R199, which makes it an ideal choice for those wanting greater credit card advantages like cash advances.

Boasting exclusive features available at a slightly higher cost than its counterparts, this card is the perfect selection for affluent customers searching for luxury in their finances.

Bidvest Bank World Currency Card

The Bidvest Bank World Currency Card is a financial solution that distinguishes itself through its inventive design, ideal for business travelers and globetrotters. Prepaid cards facilitate the storage of numerous currencies, eliminating the need for currency conversion fees.

Its defining characteristics are its convenience and security, making it a more secure and economical substitute for the traditional transport method of physical currency when traveling internationally.

Furthermore, its ability to secure exchange rates is a highly advantageous instrument for the discerning administration of travel funds.

Why the Bidvest Bank World Currency card is ideal for Cash Advances

This card stands out in the South African market with its exceptional travel-friendly attributes. It offers currency preloading and caters to frequent travelers with just an R160 activation fee, which makes it an outstanding choice for international cash advances.

Thanks to its focus on hassle-free travel transactions and minimal charges, it is a fantastic option for globetrotters requiring immediate access to funds across different currencies.

TymeBank Credit Card

The TymeBank Credit Card debuted relatively recently in the market and has acquired significant recognition rapidly owing to its uncomplicated, no-extras philosophy.

The product features competitive interest rates and minimal fees, making it an attractive option for discerning consumers prioritizing cost-effectiveness.

The card is deeply associated with a unique savings mechanism that actively promotes and incentivizes users to conserve their money during transactions.

Combined with its intuitive digital interface, this cutting-edge characteristic establishes it as an enticing option for technologically inclined individuals who place a premium on fiscal prudence.

Why the TymeBank credit card is ideal for Cash Advances

The TymeBank Credit Card is an excellent choice for budget-conscious individuals.

Not only does it offer rewarding incentives that can be exchanged for cash or merchandise at select retailers, but these bonuses also serve as an excellent means to offset the costs of future expenses, such as cash advances or other charges typically associated with credit cards.

Overall, this card provides peace of mind when managing finances, granting users full access to benefits usually reserved for individuals meeting specific criteria, such as high credit scores or income levels.

African Bank Black Credit Card

The African Bank Black Credit Card is a high-end product designed to meet the needs and desires of the most discerning customers. The card provides users with a substantial credit limit and an array of advantageous features such as competitive interest rates and a strong rewards program.

Cardholders can benefit from cashback rewards on their expenditures, which increases the card’s desirability as a companion for everyday spending.

Moreover, it provides supplementary benefits, including all-inclusive travel insurance, offering a comprehensive resolution for individuals prioritizing financial stability and rewards.

Why the African Bank Black credit card is ideal for Cash Advances

This African Bank entry-level credit card has various features that make it perfect for cash advances. It charges a minimal monthly fee and offers up to 62 days of interest-free credit for POS purchases.

This extended period of no interest can be extremely advantageous for managing cash flow and expenses. Users also have free access to African Bank’s digital channels and free swipes at any South African till point.

Cardholders can earn up to 3% interest annually on a positive balance, an appealing feature for keeping a healthy credit rating. The card has no start-up fee, which adds to its appeal for consumers looking for a low-cost credit option.  Furthermore, the African Bank Black Credit Card is ideal for consumers who require credit without exceeding their monthly budget.

Old Mutual Money Account Credit Card

The Old Mutual Money Account Credit Card introduces a distinctive offering in the financial sector of South Africa by effectively integrating the features of a credit card and a transactional account.

This novel hybrid methodology introduces unprecedented levels of adaptability and convenience, enabling individuals to optimize the efficiency of their financial matters.

Significantly, the card has received praise for its affordable fee framework and the ability to accrue interest on positive balances. Due to these attributes, it becomes an appealing option for individuals searching for the benefits of a credit card without the burden of prohibitive fees.

Why the Old Mutual Money Account credit card is ideal for Cash Advances

The Old Mutual Money Account Credit Card offers a unique dual account feature that combines earnings and expenditures for a monthly fee of R4.95, setting it apart from other credit cards.  This cash advance option allows users to efficiently manage their finances while utilizing the card’s versatile credit facility.

With both earning and spending capabilities integrated into this single solution, those seeking multipurpose financial options will find this card an excellent choice.

American Express Platinum Credit Card

The American Express Platinum Credit Card is widely recognized for its esteemed status and diverse selection of exclusive perks. Strictly crafted to cater to the opulent demographic, this establishment offers an extensive array of high-end amenities and services.

Notable among these are exclusive gastronomic experiences and access to the prestigious Platinum Concierge. Additionally, the card confers many travel advantages, including complimentary access to airport lounges and comprehensive travel insurance.

This card represents the highest level of luxury credit cards, designed to meet the needs of discerning customers who require exceptional service and a wide range of exclusive perks.

Why the American Express Platinum credit card is ideal for Cash Advances

This elite card boasts exceptional travel and lifestyle perks, positioning it as the ultimate choice for those with high earnings.

It includes a range of top-notch features, such as free replacement cards and extensive travel coverage, making it an alluring option for cash advances – especially favored by individuals who prioritize luxury amenities.

Moreover, thanks to its exclusive benefits and offerings, this card is highly sought after among discerning wealthy clients.

Nedbank Gold Credit Card

The Nedbank Gold Credit Card is well-liked by many consumers due to its commendable balance between cost-effectiveness and additional benefits.

The establishment features favorable interest rates and a rewards program that enables cardholders to accumulate points by conducting routine transactions.

Furthermore, the card’s versatility is augmented by its provision of travel insurance and discounts on a range of services, making it a favorable option for both routine transactions and expenses associated with travel.

Why the Nedbank Gold credit card is ideal for Cash Advances

The Nedbank Gold Credit Card is notable for its low monthly charge of R20, making it one of South Africa’s best-value credit cards. This card provides up to 55 days of interest-free credit, which is useful for cash advances.

It offers no card swipe costs, reduced credit facility fees, and rewards and cashback from chosen partners. Furthermore, the Nedbank Gold Credit Card provides flexible repayment choices, fuel cashback, and safe tap-and-go features.

This card is great for people looking for a low-cost credit card with valuable rewards and cashback opportunities.

Capitec Credit Card

The Capitec Credit Card has garnered praise for its straightforwardness and clarity. It has a low, constant interest rate and exceptional quality in the market.

It exemplifies a straightforward credit card with no concealed fees through its seamless integration with other banking services and connection to Capitec’s Global One account. It is an ideal option for individuals prioritizing affordability and ease of use in their financial products.

Why the Capitec credit card is ideal for Cash Advances

With a rewards program and a credit limit of up to R500,000, the Capitec Credit Card is advantageous for cash advances. It also provides 1.5% cash back on expenditure. Additionally, the absence of currency conversion fees enhances its suitability for international transactions.

When coupled with complimentary local swipes, these attributes make it a compelling choice for domestic and foreign cash advances.

Discovery Bank Black Credit Card

The Discovery Bank Black Credit Card exemplifies a high-quality product that integrates financial services with health and lifestyle benefits in a seamless manner. Various rewards intricately tied to health and wellness activities are provided to cardholders as an incentive to adopt a healthier lifestyle.

The card additionally provides travel benefits and a flexible rewards program that adjusts to individual spending patterns. Furthermore, it is a unique option for individuals prioritizing their health and traveling frequently.

Why the Discovery Bank Black credit card is ideal for Cash Advances

This card is intended for people who want more than just the basic features of a credit card. It provides various financial services, including customized features and unique access to various rewards and incentives both locally and globally.

On some transactions, the card offers up to 55 days of interest-free credit, which is useful for handling cash advances. It also provides attractive interest rates on positive balances in daily and savings accounts.

Furthermore, Discovery Bank Black Credit Card holders have access to a wide range of financial services, including setting up debit orders, making EFT payments, and receiving salary deposits. This card is ideal for people with a flexible credit limit and exclusive banking services and rewards.

FNB Aspire Credit Card

The FNB Aspire Credit Card has been thoughtfully crafted to accommodate the needs of aspiring professionals by providing an ideal combination of practicality and rewards.

Enhanced by competitive interest rates and an array of lifestyle advantages, including travel and entertainment reductions, it presents itself as an enticing option for young professionals seeking to optimize their buying capacity.

Why the FNB Aspire credit card is ideal for Cash Advances

The FNB Aspire Credit Card is an excellent option for cash advances. Cardholders may efficiently manage their accounts and monitor expenditures by having simple access to FNB’s digital platforms.

The card’s eBucks Rewards program sweetens the offer by allowing customers to earn points on their monthly purchases, adding additional value to their purchases. Notably, there are no limits to the number of transactions that may be made with the card, giving it unequaled freedom.

When booking return tickets with the FNB Aspire Credit Card, travelers will appreciate the added advantage of travel insurance, which provides an extra layer of security for travel-related expenses.

What is a Cash Advance?

A cash advance is a service provided by most credit card issuers in South Africa that allows cardholders to take a portion of their credit limit in cash. This can be done through an ATM or in person at a bank or financial institution.

Cash advances are often used when electronic payments are impossible or in emergency financial conditions. Unlike typical credit card purchases, cash advances usually attract immediate interest charges, frequently at higher rates, and may contain additional costs.

This feature is convenient, but it should be used with caution due to the accompanying costs.

The Pros and Cons of Cash Advances

Cash advances can be a double-edged sword, providing quick financial relief but at a cost that might negatively damage one’s financial health if not carefully managed.

Pros of Cash Advances

• ✅ The key benefit of a cash advance is the instant availability of funds. This is especially useful in emergencies where immediate payment is necessary, and other types of credit or savings are unavailable.
• ✅ If you already have a credit card, qualifying for a cash advance is simple because it is one of the card’s perks. On the other hand, personal loans frequently have more stringent credit and income restrictions.
• ✅ Unlike other types of loans, cash advances do not demand collateral. Because the advance is unsecured, you do not risk losing personal assets if you cannot return it.
• ✅ Cash advances are commonly available. Most credit cards include this feature, which allows users to withdraw cash from ATMs or banks up to a certain limit without going through a lengthy application process.

Cons of Cash Advances

• ✅ Unlike other credit card transactions, cash advances do not generate rewards points or cash back, and they do not contribute to any spending-based perks or advantages that your card may offer.
• ✅ Because of the ease with which cash advances can be obtained and their high prices, there is a risk of becoming trapped in a debt cycle. If not effectively managed, one may find themselves reliant on cash advances regularly, resulting in an accumulation of high-interest debt.
• ✅ Cash advances usually have higher interest rates than standard credit card purchases. Furthermore, there are frequently expenses associated with the advance, such as ATM or bank fees, as well as a cash advance fee paid by the credit card issuer. Because of this, cash advances can be an expensive kind of borrowing.
• ✅ Using cash advances frequently can indicate financial difficulty to creditors. This view and the greater likelihood of incurring high-interest debt can harm your credit score.
• ✅ Unlike credit card purchases, which may have a grace period (a period during which you can pay off your debt without incurring interest), interest on cash advances begins accruing immediately. This means that you begin incurring charges the day you accept the advance.

How Cash Advances Could Impact Your Credit Score

In South Africa, using cash advances can significantly impact your credit score, which is an important aspect of your overall financial health. Understanding this consequence is critical for anyone seeking a cash advance, especially given the South African credit system.

Accrued Interest and Debt

Cash advances immediately begin charging interest, generally at greater rates than regular credit card purchases. This can quickly accumulate debt, especially if the advance is not repaid on time.

This can easily become unmanageable in South Africa, where interest rates can be high. High levels of debt, or worse, missed payments, can harm your credit score.

Higher Risk Perception

Lenders and credit bureaus frequently view cash advances as a sign of financial difficulty. This image stems from cash advances being frequently employed in emergencies.

Lenders may be suspicious if you use cash advances frequently because it shows you frequently have financial difficulties and depend on high-cost borrowing choices.

Potential for Missed Payments

The high-interest rates and fees that come with cash advances can strain your budget financially.

Neglecting payments for credit cards or other expenses will harm your credit score, particularly in South Africa, where payment history significantly impacts it. Even one missed payment could result in significant negative consequences.

Immediate Utilisation Increase

Cash advances contribute to your credit utilization ratio, the amount of credit you are utilizing compared to your available credit limit.

A high utilization ratio, which surpasses 30% of your credit limit, might harm your credit score in South Africa. This percentage skyrockets when you get a cash advance, potentially reducing your credit score.

Effect on Future Credit Applications

A history of frequent cash advances can impact future credit applications. South African lenders examine credit histories to determine risk.

A history of depending on cash advances may make it difficult to secure future loans or result in higher interest rates as lenders compensate for the perceived increased risk.

No Grace Period

Unlike typical credit card transactions, which may allow you to pay off the balance without incurring interest, cash advances do not. Because of the instant accrual of interest, even if you repay the advance promptly, you will still incur interest, making it a more expensive kind of borrowing.

Alternatives to Credit Card Cash Advances

Because of the high charges and potential negative influence on credit scores connected with cash advances, exploring alternatives to credit card cash advances is critical in South Africa, where financial prudence is as important as anyplace else.

Personal Loans vs. Cash Advances

Compared to credit card cash advances, personal loans are frequently more financially sensible. Unlike cash advances, personal loans in South Africa often have lower interest rates, especially if the borrower has an excellent credit history.

A personal loan’s structured character, with definite repayment terms and a set end date, gives a clear path to debt repayment that can be more manageable than credit card debt’s open-ended nature.

Furthermore, personal loans do not have the same direct impact on the credit utilization ratio as credit card advances, which is better for credit health. On the other hand, personal loans necessitate a formal application process and credit check, which may take longer than a cash advance from a credit card.

Using Savings or Emergency Funds

Another option to consider is to use savings or emergency cash. This method is often less expensive since it avoids the hefty interest and costs associated with cash advances.

Savings buffers are highly suggested in South Africa since economic changes can be unpredictable. Using money for emergencies also instills the discipline of replenishing one’s savings, which can be a good financial habit.

This alternative, however, is contingent on the availability of such assets, and it is critical to assess the hazards of depleting savings against the price of a cash advance.

Seeking Financial Counselling

Financial counseling is a wise choice for those who frequently consider cash advances. In South Africa, various services offer guidance on debt management, budgeting, and making informed money decisions.

In addition, skilled counselors provide personalized recommendations by analyzing clients’ underlying financial issues to combat the challenges effectively.

Their solutions typically involve consolidation of outstanding debts or creating expense-cutting budgets while exploring customized options for resolving current financial predicaments as per their suitability.

Moreover, Financial mentoring educates people about the lasting implications of each transaction option, enabling them to make better long-term-profitable resolutions and promoting healthier overall finance status.

The Best Credit Cards in South Africa

In this article, we have listed the best credit cards in South Africa. We have further identified the credit cards with additional cover and benefits for South Africans.

Best Credit Card Interest Rates in South Africa

Overall, Nedbank Gold Credit Card has the Best Credit Card Interest Rates in South Africa. Not only does Nedbank offer excellent interest rates, but the Nedbank Gold Credit Card also offers South Africans 55 days interest-free.

Best Purchase Credit Card in South Africa

Overall, the FNB Aspire Credit Card is the Best Purchase Credit Card in South Africa. South Africans can earn eBucks rewards on certain transactions using the FNB Aspire Credit Card. FNB also includes purchase protection on all credit cards.

Best Visa Credit Card in South Africa

Overall, the Investec Private Banking Credit Card is the Best Visa Credit Card in South Africa. South Africans can benefit from the Investec Private Banking Credit Card, which offers up to 45 days of interest-free credit. Furthermore, there is a competitive debit rate that may be advantageous to users.

Best Credit Card to Apply for in South Africa

Overall, Discovery Bank Gold Credit Card is the Best Credit Card to Apply for in South Africa. South Africans can apply for a Discovery Bank Gold Credit Card by completing an online registration, answering a few questions to establish their needs, and installing the app.

Best Credit Card for Online Shopping in South Africa

Overall, the Standard Bank Blue Credit Card is the Best Credit Card for Online Shopping in South Africa. The Blue Credit Card from Standard Bank comes with a credit limit of R250,000, personalized APR, and up to 55 days interest-free.

Best Dining Credit Card in South Africa

Overall, the Standard Bank Diners Club Beyond Credit Card is the Dining Credit Card in South Africa. South Africans can anticipate access to 1,300 airport lounges, VIP priority service, and more for R85 per month.

Furthermore, South Africans are automatically upgraded to VIP Platinum status in the Southern Sun hotels’ frequent guest rewards program.

Best Credit Card for Groceries in South Africa

Overall, Nedbank Gold Credit Card is the Best Credit Card for Groceries in South Africa. When South Africans use their Nedbank Gold Credit Card for routine food shopping, they may earn back on their purchases.

In Conclusion

In our experience, Credit cards for cash advances provide a quick and easy answer for urgent financial demands, but they have significant downsides.

However, our findings show that they are an expensive alternative due to the high-interest rates and fees, the immediate accrual of interest, and the potential bad influence on credit ratings.  Furthermore, while they can be handy in an emergency, they should not be relied on for routine funding needs.

Our research shows that personal loans, savings, and financial counseling are frequently more sustainable financial plans. Overall, using cash advances wisely and knowing their ramifications is critical to managing good personal finances.

Frequently Asked Questions

What is a cash advance on a credit card?

A cash advance on a credit card is a service that allows you to withdraw cash from an ATM using your credit card. It is simply a credit card company’s short-term loan.

Can I get a cash advance from any ATM in South Africa with my credit card?

Yes, most credit cards offer cash advances from ATMs that accept your card type (for example, Visa or Mastercard). However, there are fees and limits.

What are the typical fees associated with credit card cash advances in South Africa?

Cash advances typically have a cash advance fee (sometimes a percentage of the amount withdrawn) and a higher interest rate than regular purchases.

How does the interest rate on cash advances compare to regular purchases in South Africa?

Cash advances typically have higher interest rates than regular purchases, and interest begins to accrue on the withdrawal date.

Is it advisable to use a credit card for cash advances in South Africa?

No, cash advances should be used rarely because they might be costly due to hefty fees and interest rates.

Do cash advances on credit cards affect my credit score in South Africa?

Yes, frequent cash advances may lower your credit score because they suggest a dependency on credit for cash necessities.

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