Many people know that credit cards can be used to pay for purchases in shopping malls, restaurants and other places, but there may still be some doubts about whether and how to withdraw cash from credit cards. Let's take a look at whether the credit card can be withdrawn in cash?
Generally speaking, most credit cards issued by banks support some level of cash withdrawal, which is often referred to as "credit card cash advance" or "credit card cash advance".
However, the amount and conditions of cash withdrawal will be limited by the bank's regulations and the type of credit card.
First, cash withdrawal at the bank counter: cardholders can bring valid ID documents and credit cards to the business outlets of the card-issuing bank and handle cash withdrawal business through the counter.
It's relatively safe, but you may have to wait in line.
The second is self-service cash withdrawal at ATMs: If the credit card supports cash withdrawal at the ATM, the cardholder can operate on any ATM machine marked with the corresponding bank logo.
This method is convenient and fast, but you need to pay attention to the withdrawal limit and handling fee of the ATM.
The third is online banking or mobile banking: some banks allow cardholders to apply for cash withdrawal through online banking or mobile banking applications.
This method saves time and effort, but requires the cardholder to be familiar with e-banking operations.
First, pay attention to the cash withdrawal limit: The cash withdrawal limit of a credit card is usually strictly limited, which is generally much lower than the consumption limit of a credit card. Cardholders should confirm the available withdrawal limit before making a cash withdrawal.
Second, pay attention to handling fees and interest: Credit card cash withdrawals are different from consumption, and banks usually charge a certain percentage of handling fees, and calculate interest from the date of cash withdrawal.
The third is the repayment period: credit card cash withdrawals will not be included in the interest-free period. The amount withdrawn will be credited to the current bill of the credit card, and the cardholder needs to repay the loan according to the agreed repayment period, otherwise overdue penalty interest and personal credit history will be affected.