Credit card cash advance limit refers to the cash withdrawal limit of a credit card. Generally speaking, the amount of cash that can be advanced is one-third to the full amount of the credit limit, and the total amount plus the total amount of transactions must not exceed the credit limit of the cardholder. However, some banks have limits on daily cash advances. amount. The handling fee for cash advance varies according to the regulations of each card issuing bank. It is generally about 3.5 of the total amount of cash advance each time.

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

First of all, there is no interest-free repayment period for using a credit card to advance cash, and interest will be calculated from the day the cardholder withdraws the cash; second, the interest rate for cash advance is very high, with a daily interest rate of 0.05%. Calculate compound interest; third, the handling fee is very high. The handling fee is generally above 1 and is charged in one go.

In addition, there are generally no bonus points for cash advances. In addition to these, there is also a limit on the amount of cash advance. For most banks, the amount of cash advance is about 50% of the credit limit.