Any DP or info about the cash advance status of US Bank Altitude Reserve?
Originally Posted by
sdsearch
Interesting. It says that for Chase cards it's limited to 20% of your CL, rather than being cash advance. But just to be sure, I looked at the cash advance limit on my Chase Marriott Visa card (where I'm currently doing minimum spend for the signup bonus), and it was 20% of my overall credit limit. I called up Chase and they were able to lower the cash advance credit limit to $100. Since the payment I'm going to make in a week or so on Plastiq with that Chase Marriott Visa card is going to be $600ish, it should either clear if it's indeed 20% of my overall credit limit (since that's well over $10k), or get rejected if they try to process it as a cash advance.
I would suggest anyone worried about cash advance, who never wants to use their card for a cash advance anyway, call up their bank and lower the cash advance to the lowest it can be. How low that is varies a lot from bank to bank.
I am guessing your cahrge will be declined. Chase is known to initially process many transactions against your cash advance limit and than post as a purchase. My guess is the logic of the 20% is that it will initially process agianst your CA limit.