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How much money can I withdraw on the same day I get a credit card worth RMB 500,000? How long is the interest-free period? How long after repayment can I withdraw cash?

For a credit card worth RMB 500,000, you can withdraw up to RMB 250,000 on the same day you get the card;

The withdrawal is a cash advance and does not enjoy the interest-free period. The daily interest rate will start from the moment you withdraw it. 5. Calculate the interest;

After the repayment is credited to the account, the cash can be withdrawn. Generally, the credit is credited within 24 hours.

Cash advance:

① Although you can use a credit card to withdraw cash, please do not use the cash advance function in non-emergency situations because of the cost of using the credit card cash advance function. It is very high;

② First of all, there is no interest-free repayment period when using a credit card to advance cash, and interest starts to be calculated from the day the cash is withdrawn;

③ The interest rate for cash advance is very high , the daily interest is 5/10,000 and compound interest is calculated;

④ The handling fee is very high, the handling fee is usually more than 1, and it is collected in one time;

⑤ In addition, the general situation of cash advance No points will be given away.