A cash advance fee is applied to any transaction where you use your credit card to get actual money. The most common example is using a credit card to withdraw cash at an ATM or at the checkout, but it also applies to gambling or purchasing foreign currency and travellers cheques.
Cash advance fees are around 2-3% of the total transaction, with a minimum charge of around $2 to $3. It’s also important to realise that interest for cash advance transactions is always applied from day one.
TIP: Credit cards are not supposed to be used for cash advances. Use a debit card for cash withdrawals in Australia or overseas, as well as for any gambling or foreign cash purchases so that you avoid cash advance fees and the higher cash advance interest rate.