What is a Check Cash Advance?

Also known as a "convenience check," this is an instant, short-term loan offered by credit card issuers to card members. It takes the form of a preprinted check, which can then be filled out by the cardmember for either cash or to transfer a designated amount of money to a third party, the same as a personal check. The amount of the check cannot be higher than the cash advance limit, and that amount will be subject to the cash advance APR and terms and conditions designated in the cardmember agreement.