With the ever-increasing cost of living, it’s not uncommon to need access to cash in a pinch. If you find yourself in a situation where you need to take out a cash advance, it’s important to understand the interest rate that comes with it. In this article, we take a look at the cash advance interest rate for a $500 cash advance and consider the potential options available. Cash advance interest rates vary depending on the lender and other factors. Generally, the average interest rate for a cash advance of $500 ranges from 24.99% to 28.99%. Interest rates tend to be higher for cash advances than for other forms of credit, as cash advances are often much smaller and are typically expected to be paid back relatively quickly.