A cash advance is money drawn against your credit card limit and repaid in installments; a "súper avance" is the same but for larger amounts and longer terms, almost like a consumer loan. They are expensive: on department store cards, small cash advances charge between 3.39% and 3.42% a month, practically the maximum conventional rate, which for loans up to 50 UF over 90 days is 41.02% a year since October 15, 2026 (CMF, maximum conventional rate from Oct 15, 2026). On Google, "avance en efectivo" gets about 2,400 monthly searches in Chile and "súper avance" 590, according to Google Ads data pulled through DataForSEO. We compare the rates each issuer publishes in its rate sheet in force since October 15, 2026.
View the data as a table
| Installment over 12 months | $51,468 |
| Total paid over 12 months | $617,619 |
| Installment over 24 months | $30,843 |
| Total paid over 24 months | $740,228 |
Cash advance rates by card in 2026
| Card | Cash advance (small amount) | Term | Súper avance | Source |
|---|---|---|---|---|
| Hites | 3.4163% a month (41.00% a year) up to 50 UF; 2.8330% above 50 UF | 3 to 36 installments | Available depending on limit; minimum advance CLP 30.000 | Hites |
| CMR Falabella | 3.41% a month (40.92%) from CLP 5.000 to 2.000.000; 2.83% from CLP 2 to 8 million | 1 to 36 installments | 3.41% from CLP 100.000 to 2.000.000; 2.83% up to CLP 8 million; 2.49% above CLP 8 million (6 to 72 installments) | CMR Falabella |
| Banco Ripley | Between 2.40% and 3.40% a month (28.80% to 40.80%) | 3 to 36 installments | Between 2.49% and 3.40% a month, 6 to 60 installments, up to 3 months' grace | Banco Ripley |
| Cencosud Scotiabank | 3.39% a month (40.68%) up to 50 UF, 3 to 11 installments | 3 to 36 installments | 3.39% up to 50 UF (12 to 35 installments); 2.81% above 200 UF | Cencosud Scotiabank |
| Lider Bci | 3.970% a month in 1 installment (under-90-day operation) | 1 installment | See Lider Bci's credit cost table | Lider Bci |
Fixed rates from each issuer's rate sheet in force since October 15, 2026 (Hites, Cencosud and Ripley) and October 2026 (CMR and Lider Bci), checked on November 11, 2026. Ripley's sheet shows a minimum and maximum rate; the one applied depends on the customer's evaluation. Lider's 1-installment rate applies to under-90-day operations, which have a different maximum rate.
Cash advance vs. súper avance: differences
- Amount: advances usually start at a few thousand pesos; súper avance starts at larger amounts (CLP 100,000 on CMR) and can reach millions.
- Term: advances go up to 36 installments or fewer; súper avance reaches 60 installments at Ripley and 72 at CMR.
- Limit: súper avance uses a separate limit that the issuer enables based on the customer's evaluation.
- Rate: in both, larger amounts carry lower rates because they fall in lower maximum-rate brackets (34.02% between 50 and 200 UF and 30.03% above 200 UF).
- Interest from day one: unlike a purchase paid at month's end, an advance accrues interest from the moment it is drawn and may add voluntary insurance and fees.
The charges added to a cash advance
The interest rate is not the only cost. Issuers' rate sheets list other charges that may apply to an advance or súper avance:
- Credit life insurance: at Cencosud Scotiabank, for contracts since September 27, 2022, it is 0.3% of the outstanding debt a month, with a minimum of 0.039 UF and a maximum of 0.1 UF; it is voluntary (Cencosud Scotiabank).
- Grace period: Ripley offers up to 3 months of grace on súper avance and Cencosud 1 to 3 months, but the operation's rate is charged for each grace month (Banco Ripley).
- Minimum amount and fees: Hites sets a minimum advance of CLP 30,000 (Hites); Lider Bci reports a US$0.64 fee per international advance, with a promotional value of CLP 0 until December 31, 2026 (Lider Bci).
- Card administration fee: charged separately every month, with or without advances, according to each issuer's terms.
That is why the figure that allows comparison is the CAE, which adds interest, insurance and charges into one annual rate. Since June 2026, advance installments also enter the card's minimum payment under the CMF's new formula.
Does your institution offer loans cheaper than a cash advance? Reach people who compare on Pauta Financiera.
See advertising optionsWhat a cash advance costs depending on the term
At the same rate, a longer term lowers the installment but raises the total paid. For a CLP 500,000 advance at 3.41% a month (CMR's rate for amounts from CLP 5,000 to 2,000,000), with no insurance or charges:
| Installments | Monthly installment | Total paid | Interest |
|---|---|---|---|
| 3 | CLP 178,160 | CLP 534,481 | CLP 34,481 |
| 6 | CLP 93,557 | CLP 561,341 | CLP 61,341 |
| 12 | CLP 51,468 | CLP 617,619 | CLP 117,619 |
| 24 | CLP 30,843 | CLP 740,228 | CLP 240,228 |
| 36 | CLP 24,324 | CLP 875,673 | CLP 375,673 |
Pauta Financiera calculation with fixed installments (French amortization) and the rate from the CMR Falabella rate sheet. The real cost includes insurance and charges: check the simulation's CAE before accepting.
View the data as a table
| Maximum term (installments) | Monthly rate | |
|---|---|---|
| CMR Falabella | 72 | 3% |
| Ripley (maximum) | 60 | 3% |
| Cencosud Scotiabank | 35 | 3% |
When a consumer loan beats a cash advance
For medium amounts and long terms, a bank consumer loan usually has a lower rate than an advance on a department store card, especially for customers with a good credit history; the advance wins on speed and on not needing a separate application. Before deciding, compare the CAE of both options: we explain it in how to compare consumer loans. And if you already have several advances, check whether consolidating them makes sense in debt consolidation. Fees, administration and requirements for each department store card are in Ripley, CMR, Lider and Cencosud cards compared; the new Hites Visa, in the Hites Visa Premiere card.
| Hites | Advance up to 50 UF | 3.4163 | 3-36 inst. |
| Hites | Advance above 50 UF | 2.8330 | 3-36 inst. |
| CMR Falabella | Advance CLP 5,000-2,000,000 | 3.4100 | 1-36 inst. |
| CMR Falabella | Advance CLP 2-8 million | 2.8300 | 36 |
| CMR Falabella | Súper avance CLP 100,000-2,000,000 | 3.4100 | 6-72 inst. |
| CMR Falabella | Súper avance above CLP 8 million | 2.4900 | 6-72 inst. |
| Banco Ripley | Advance (maximum rate) | 3.4000 | 3-36 inst. |
| Banco Ripley | Advance (minimum rate) | 2.4000 | 3-36 inst. |
| Banco Ripley | Súper avance (maximum rate) | 3.4000 | 6-60 inst. |
| Cencosud Scotiabank | Advance up to 50 UF | 3.3900 | 3-11 inst. |
| Cencosud Scotiabank | Súper avance up to 50 UF | 3.3900 | 12-35 inst. |
| Lider Bci | Advance in 1 installment | 3.9700 | 1 |
This information is journalistic and educational, not financial advice. Check the conditions and the total cost (CAE) with the institution before signing up.
Frequently asked questions about cash advances
What is a cash advance?
It is money drawn against the credit card limit and repaid in installments with interest from day one.
What is the difference between an advance and a súper avance?
Súper avance is for larger amounts and longer terms (up to 60 or 72 installments) and uses a separate limit.
Which card charges least for an advance?
For small amounts the published rates are almost the same (3.39% to 3.42% a month); Ripley reports a range starting at 2.40% depending on the customer's evaluation. For larger amounts, rates fall at all of them.
What is the maximum rate for an advance?
For loans up to 50 UF over 90 days, 41.02% a year since October 15, 2026, according to the CMF.
