Credit Card Cash Advances. The most popular type of cash advance is borrowing on a line of credit through a credit card. The money can be withdrawn at an ATM or, depending on the credit card company, from a check that is deposited or cashed at a bank. Credit card cash advances typically carry a high interest rate, even higher than the rate on regular purchases: you’ll pay an average of 23.53% – about 8.54% higher than the average APR for purchases. What's more, the interest begins to accrue immediately; there is no grace period.