What Are Amex Credit Card Cash Withdrawal Charges

American Express (Amex) allows cardholders to withdraw cash at partnered ATMs. Cash withdrawal is available for all American Express credit cardholders. However, in order to avail this facility, one must enroll himself/herself for the service first.

The cash limit on the Amex card is the maximum amount that can be withdrawn at a time or in a single day. The bank intimates all customers regarding the cash withdrawal limits on their cards.

Additional Reading: Credit Card Cash Withdrawal

What is Amex ‘Express Cash’?

Amex ‘Express Cash’ allows credit cardholders to use the card and withdraw cash from designated bank ATMs. Enrollment on the website is necessary prior to the cash withdrawal.

American Express allows 20% of the credit card limit as the cash withdrawal limit. This set limit can vary from time to time and any revisions are communicated to the credit cardholder.

A credit card limit of Rs. 2,00,000 means a cash withdrawal limit of Rs. 40,000 provided that the limit is 20%. Customers can apply for an increase in their credit limit after 6 months of using the credit card.

A transaction fee is imposed on the credit card user on every cash withdrawal. American Express charges 3.5% of the advanced cash amount. Higher withdrawal amount necessitates higher cash advance fees.