What constitutes a 'cash advance' on a Delta Community Visa and is there a fee?
Cash advance transactions include the following:
- ATM withdrawals
- Withdrawals at the teller line
- Online Banking transfers from a credit card account to a share draft account
- Overdraft from credit card to checking
The interest rate for cash advances is the same as it is for purchases but cash advances begin accruing interest from the date you get the cash advance or from the first day of the billing cycle in which the cash advance is posted to your account, whichever is later, whereas purchases begin accruing interest after the statement due date if they remain unpaid.
Until December 31, 2020, a Cash Advance Fee of $6.00 will be charged on the following types of transactions. Effective January 1, 2021, the Cash fee will be $6.00.
- Using a Visa credit card at an ATM
- Using a Visa credit card at a financial institution, face to face, to obtain cash
Cash Advance Fee does not apply to the following types of transactions:
- Automatic transfers from Visa loan as an overdraft protection
Transfers from a Visa product for Overdraft Protection will incur an Overdraft Transfer Fee to the checking account of $5.00 per transfer.