Wells Fargo was created in 1852 to serve the west with banking and rapid delivery services. Using a Wells Fargo credit card may offer a sense of history. Withdrawing cash or using a credit card can be an expensive option and the choice to use these services should be avoid if possible. However, we are often in place where we find the need to spend only cash and must withdraw cash from our Wells Fargo debit card or credit card.
Obtaining cash with your Wells Fargo credit card cash advance is not cumbersome most will find the process straightforward. You will need to obtain a PIN from your bank. If you want to request your PIN or create a new one, just call the number printed behind the card. 1 (800) 642-4720 is the number you will have to dial to get the PIN.
Obtaining Cash Advance with Wells Fargo Credit Card
The process to obtain a Wells Fargo credit card cash advance is not a very cumbersome one. You just need to get a PIN from the bank’s customer service. If you want to request your PIN or create a new one, just call the number printed behind the card. 1 (800) 642-4720 is the number you will have to dial to get the PIN.
Once you have obtained a PIN number which is associated with your Wells Fargo card, you can withdraw cash from any Wells Fargo ATM. You also have the option of using the card and PIN at any other ATM worldwide that accepts Wells Fargo cards for withdrawal.
What is the Withdrawal Limit?
Wells Fargo does of a daily limit of $500 per day for cash draw as a cash advance. The amounts withdrawn will be added to your credit card balance. These transactions come with transaction fee as well as the Annual Percentage Rate(APR). These rates should be disclosed in the disclosure statement and or the Customer agreement.
Cash Advances from credit card are subject to the credit card credit limit. IF you continue to make withdrawal without making a payment to pay down your Wells Fargo credit limit you will at some point have maximize your spending limit and you will be unable to use your credit card.
Wells Fargo Credit Card Cash Advance Fee
Wells Fargo credit card cash advance do have significant fees associated with there use and their use to withdraw cash should be used as a last resort. You are charged for withdrawals. Fees are $10 or %% of the cash withdrawn, whichever is higher.
Any withdrawals up to $200 will have a fee of $10. Amounts that are higher will be assessed a 5% charge. In addition to the fees your wells Fargo credit card cash advance will be subjected to the APR. These rates often vary between 26.24% and 28.24%. Your disclosure statement will detail your APR fees.
Should I use my Wells Fargo Cash Advance?
You can take advantage of the cash advance for its convenience. But you should consider repaying the as soon as possible. Regular credit card spending does come with a grace period before you are charge the interest however this does not apply to cash advances. Interest begins to accrue the moment the funds are withdrawn.
We would urge that the Wells Fargo credit card cash advance only be used when necessary, even if the money is repaid quickly.