Eric holds a Master's in Business Administration from New York University and a Master's in Finance from DePaul University. It’s a good idea to know the cash advance limits on your credit cards before ...

Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets.

But it's important to note that some cards have different limits for different types of transactions, such as regular purchases versus cash advances. If you need to go over your credit card limit ...

Let's say your credit limit is $20,000 and your issuer caps advances at 20%; your maximum advance will be $4,000. Some types of credit card transactions may be considered cash advances ...

"They (banks and financial institutions) are calculating the CC limit on the basis of turnover. We have decided that if you do your (MSME) business digitally then you can get the cash credit limit ...