The
Chase Sapphire Preferred® Card is a premium travel rewards card — it earns Ultimate Rewards points (great for travel redemptions at 1.25 cents per point or more via transfers), but
it is not designed or optimized for getting cash out cheaply or repeatedly. Linking it to services like Uber Eats, PayPal, or Venmo is perfectly fine for normal spending (e.g., buying food, sending money to friends/family, or paying for rides/deliveries), and those transactions usually code as regular purchases earning 3x on dining or 1x elsewhere.
However, trying to use those links to extract
actual cash (beyond tiny incidental amounts) almost always either:
- Doesn't work at all (e.g., PayPal/Venmo direct funding from credit card often gets declined or treated as cash-like),
- Triggers expensive cash advance treatment,
- Or creates patterns that Chase flags as unusual → potential account restrictions, limit reductions, or closure.
Since you emphasized this is
your personal card and you want legitimate options only, here are the real, supported ways to access cash or cash-equivalent from your Chase Sapphire Preferred in 2026 — ranked from least-bad to most-expensive.
1. Best Option If Available: My Chase Loan (Lowest Cost Way to Get Cash to Your Bank)
This is
not a cash advance — it's a fixed-rate installment loan using your existing credit line. Funds go directly to your linked bank account, usually with a lower APR than a cash advance and
no origination fee.
- Minimum: Typically $500
- Terms: 6–24 months (you choose)
- APR: Fixed and usually lower than your card's purchase APR (often beats the ~19–27% variable on purchases)
- Availability: Not guaranteed for everyone/new accounts (e.g., may not show in first 180 days or if your account is flagged)
How to check and do it (online/mobile — no phone needed):
- Log in to chase.com or the Chase Mobile app.
- Select your Sapphire Preferred card.
- Look for "My Chase Loan," "Loan offers," or "Flexible lending" in the offers/promotions section (it may appear as a banner or under account services).
- If eligible, you'll see available amounts and sample terms.
- Choose amount + repayment months.
- Select/verify your linked checking account for deposit.
- Confirm — funds typically hit in 1–2 business days.
- Repayments are added to your monthly minimum due (easy to track).
If you don't see the offer → it's not available to you right now. Chase doesn't let everyone access it.
2. Chase Pay Over Time (For Specific Purchases, Not Raw Cash)
This lets you turn an eligible purchase of $100+ into fixed monthly payments (no interest, just a fixed fee). But it only works on
existing purchases — not for getting new cash deposited.
- Not useful for "getting cash out" unless you buy something refundable (which Chase may flag).
Skip this if your goal is liquid cash.
3. Standard Cash Advance (ATM, Convenience Checks, or In-Person) — Most Direct But Expensive
This is the official way Chase allows you to pull cash.
Costs (current as of 2026):
- Fee: Greater of $10 or 5% of the amount (e.g., $50 fee on $1,000)
- APR: ~28.49% variable (or whatever your card shows; higher than purchase APR)
- Interest starts immediately (no grace period)
- Cash advance limit: Usually 20–50% of your total credit limit (separate from purchase limit)
How to do it:
- ATM: Call Chase (800-945-2000 or number on back) to request/set a cash advance PIN if you don't have one. Go to any Visa ATM, insert card, enter PIN, select cash advance. (ATM may add its own fee.)
- Convenience checks: If Chase mailed any (or request via account), write one to yourself and deposit/cash it → counts as advance.
- In-branch: Visit a Chase branch with ID/card → request advance (same fees/APR).
Avoid this unless it's a true emergency — it's one of the priciest short-term borrowing options.
4. Rewards Redemption (Only If You Have Points — Not From Credit Line)
You can redeem earned Ultimate Rewards points for cash, but:
- Value: 1 cent per point (e.g., 10,000 points = $100)
- As of March 27, 2026: Cash deposits only to a Chase bank account (no more external banks). Or as statement credit.
- How: In the Ultimate Rewards portal (chase.com/ultimate-rewards) → redeem for cash back → choose deposit to Chase checking/savings or statement credit.
This isn't "cashing out the card" — it's just converting points you've already earned.
What About PayPal / Venmo / Uber Eats Links?
- Linking works great for spending (e.g., order food on Uber Eats → earn 3x if dining codes right; send to a trusted friend on Venmo/PayPal).
- But direct funding(adding money to PayPal/Venmo balance from the card) or sending large amounts to yourself usually:
- Gets declined,
- Codes as cash advance (5% fee + immediate high APR),
- Or triggers Chase "cash-like transactions" rules (they monitor and may treat P2P sends as advances if patterns look off).
- Using it to buy gift cards/crypto/prepaids then liquidating → almost always ends up as cash advance or flagged activity.
Chase explicitly warns that funding third-party accounts or "cash-like" moves incur advance fees/APR. Don't rely on loops — they don't reliably give free/cheap cash and risk account issues.
Bottom Line & Advice
If you need cash now and My Chase Loan shows up → that's your best bet (cheaper than advance). Otherwise, cash advance is the only direct path, but it's costly — better to explore personal loans, 0% promo cards, or selling stuff instead.
Regular large attempts to pull cash via linked apps will likely get noticed by Chase's monitoring (velocity checks, unusual patterns) → possible reduced limit, rewards clawback, or account review/closure.
If My Chase Loan isn't showing and you want to confirm options, log in and check offers, or call Chase (they can tell you what's available without a hard pull). For emergencies only — build an emergency fund to avoid this in the future.
