Can I withdraw cash by credit card?

a credit card can withdraw cash.

In addition to overdraft consumption, credit cards usually have the function of cash withdrawal. There are three main ways to withdraw cash from credit cards:

1. Overpayment withdrawal: Overpayment of credit cards refers to the excess paid by the cardholder when repaying the credit card, or the money deposited in the credit card account, which belongs to the cardholder himself. In addition to spending it by credit card, the cardholder can also take out the overpayment of credit cards through the ATM of the bank or the counter, but

2. Cash withdrawal by cash advance: The credit card itself usually has the function of cash withdrawal. In case of financial difficulties, the cardholder may consider using the credit card to withdraw cash.

in general, the maximum withdrawal amount of credit cards is 5% of the credit line of credit cards, and only a few credit cards have a withdrawal amount of 1% of the credit line.

3. Cash withdrawal by installment: eligible credit card holders can apply to the bank for credit card cash installment through online banking and mobile banking of the issuing bank. After receiving the cardholder's application for cash installment, the bank will review it and transfer the money to the bank's savings card in the cardholder's name.

cash installment will generate handling fees, please consult the issuing bank for details.

to sum up, you can withdraw cash by credit card, depending on your actual situation.

how to transfer the money in the credit card to the bank card

The transfer of the money in the credit card to the bank card depends on the following two situations, as follows:

1. When the user's money is stored in the credit card, and the amount exceeds all the debts under the account, the money is called overpayment, which can be used to deduct the subsequent credit card consumption or transferred to other bank cards, but a handling fee will be charged when it is transferred out. Take the Agricultural Bank of China as an example, the handling fee is the amount recovered.

2. The amount of money not deposited in the credit card is only the limit. At this time, the limit can only be converted into cash by applying for cash advance, and then it can be withdrawn to other bank cards. However, the advance cash will charge a handling fee and interest. For example, Agricultural Bank of China charges a handling fee of 1% of the transaction amount for cash withdrawal in this bank, and the daily interest rate is .5%.

Precautions for credit card transfer:

Usually, a credit card has a fixed limit and a cash withdrawal limit, and the cash withdrawal limit is configured according to 5% of the credit card limit.

for credit card overdraft withdrawal, in addition to the withdrawal fee (.5% of the cash withdrawal amount, at least 2 yuan), interest of .5 ‰ of the cash withdrawal amount will be charged every day from the date of withdrawal, with the maximum withdrawal of 2, yuan per card per day, and the cumulative withdrawal amount will not exceed half of the credit card limit.

when many banks borrow cash in advance, they can only withdraw the cash into the bank cards with their credit cards, so it is best for users to prepare debit cards with their credit cards in advance.

There is no interest-free period for cash advance by credit card. From the date of advance, users need to pay interest at .5% of the daily interest rate. The maximum amount of cash advance by credit card is 5% of the total amount. If the remaining available credit card amount is less than 5%, only the remaining amount can be withdrawn.

Can credit cards be transferred to bank cards?

Money from credit cards can be transferred to bank cards. There are three ways to transfer money from credit cards to bank cards: overpayment transfer, cash advance and cash installment transfer.

1. Overpayment transfer. Overpayment transfer means that if you want to take out more money in your credit card, you can only transfer it to your own peer savings card, and it is not free, and you need to charge a certain handling fee, usually .5%-3%.

2. Advance cash. Direct credit card transfer, which is equivalent to cash advance, can transfer funds to UnionPay cards of any bank (not limited to my name) at designated bank ATMs in designated cities. The premise of direct credit card transfer is that you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. This kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, five ten thousandths of the daily transfer amount bears interest. Moreover, the general transferable amount is 5% of the credit card limit.

3. Cash transfer by installment. According to the cardholder's credit line and card use record, the cash installment amount that can be obtained is also different. For example, the maximum cash installment amount of China Merchants Bank is 5, yuan. After successful cash installment, the money will be transferred to the debit card in the cardholder's own name. There is no interest for cash installment, but there is a handling fee.

Can the credit card money be transferred to the bank card?

The money in the credit card can be transferred to the bank card. You can transfer money directly at ATM, through online banking, mobile banking, credit card APP, or by telephone.

However, some banks don't support direct credit card transfer, so you must withdraw money into a debit card first, and then transfer money through a debit card.

Moreover, credit card transfer is equivalent to cash advance, and there is usually a certain formalities fee. Usually, the handling fee is about 1% to 3% of the transfer amount. Moreover, there is also a limit on the amount. Generally, the transferable amount is 5% of the credit limit of the credit card.

in addition, if you want to transfer money by credit card, you will start to charge interest at the daily interest rate of five ten thousandths from the day of cash transfer.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

Main features of credit card:

Credit card is one of the fastest-growing financial services today, and it is an electronic currency that can replace traditional cash circulation to a certain extent;

a credit card has both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;

Credit card is a high-tech product integrating financial business and computer technology.

Credit cards can reduce the use of cash currency;

Credit cards can provide settlement services, facilitate shopping and consumption, and enhance the sense of security;

Credit cards can simplify the collection procedures and save social labor;

Credit cards can promote commodity sales and++social needs.

to apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

generally, the application method is to fill in a credit card application form, and the contents of the application form generally include the name, basic information, economic status or income source, guarantor and its basic information of the applicant. And submit certain copies of certificates and certificates to the issuing bank.

after the customer truthfully fills in the application form, he/she should submit the completed application form as well as the relevant credit certificate. The application form is accompanied by a contract for using a credit card. The applicant authorizes the issuing bank or relevant departments to investigate its relevant information, submit a statement on the authenticity of the information, the privacy protection policy of the issuing bank, etc., and must have the applicant's autograph.

Can a credit card withdraw money from the bank?

A credit card can withdraw money from the bank. Credit cards of all banks have the function of withdrawing cash. It should be noted that bank cards have a certain withdrawal amount, and generally the withdrawal amount cannot exceed half of the credit limit. After the user withdraws cash from the bank, the bank will charge a certain interest fee with reference to the daily interest rate of .5%, and the handling fee will be between 2-1 yuan each time.

credit card cash withdrawal method:

whether it is overpayment or overdraft cash withdrawal, we can handle it at the counter, online banking or ATM. Just enter the payment password of the credit card, and the cash withdrawal will be successful, but the charging methods of the two are different.

1. Overpayment cash withdrawal: overpayment is the amount that we transfer in more or pay back more when repaying. If we withdraw this part of the money, unless there are some special agreements. But this part of the money is your own money, so you won't charge interest.

2. overdraft withdrawal: overdraft withdrawal refers to a service provided by the bank for credit card customers. Usually, the withdrawal amount is 5% of the credit limit. We don't have an interest-free period at present, but we will start to calculate interest after withdrawal, and the rate is still relatively high. Therefore, it is best not to choose cash withdrawal when we are unable to repay.

Overpayment will not only generate interest, but also may cause additional costs when it is taken out, so we just need to pay back the amount we owe, and it is better not to pay more. If you need to pay a handling fee to take it out after overpayment, you can use your credit card directly to avoid handling fees.

Cash withdrawal by credit card is actually a financial service provided by banks for customers with cash needs. Generally speaking, there is no harm, but the cardholder needs to bear certain handling fees and interest. In addition, if you frequently use credit cards to withdraw cash, it is easy for banks to think that you are suspected of cashing out, or that there are problems in your personal economy, which will affect your personal credit.

Therefore, you should not withdraw cash from your credit card too frequently. You can withdraw cash occasionally if necessary, and try to repay it in time, so as not to generate too much interest and cause repayment pressure on yourself.

can I withdraw money from my credit card to my savings card?

You can't withdraw money from a credit card by transferring it to a savings card, and then use it flexibly. If you want to withdraw cash, you can only apply for the cash installment business of credit card, so that you can transfer the money to the savings card under your name, but the cash installment can only be used for consumption, and you need to provide the same amount of consumption vouchers.

Cash installment of credit card is a method of installment in which the cardholder applies, or the issuing bank invites the cardholder to apply, to convert the credit limit in the cardholder's credit card into cash, or to make a separate appropriation without the credit limit, and then transfer it to the cardholder's designated debit card (the bank or another bank) account, and the cardholder will return it according to the specified number of installments.

At present, not all banks only have cash installment business. Banks such as ICBC, China Construction Bank, Shanghai Pudong Development Bank and China Everbright Bank support cash installment business. Before using this function, you should consult your own card-issuing bank about whether it has this business.

installment fees are charged for cash installment. Usually, the number of installments you can choose is 3, 6, 9, 12, 18, 24, etc. The cash installment fees for credit cards are charged at a rate not lower than 5% higher than the benchmark interest rate of loans of the same grade at the same period of the People's Bank of China.

Xiaoman is a credit service platform that meets the++regulations and is trustworthy. ++++Find a small amount. The maximum loanable amount is 2, yuan, the daily interest rate starts from .2%, and the annualized interest rate starts from 7.2%. The lowest interest for a loan of 1, yuan is only 2 yuan. At present, Du Xiaoman and financial institution partners have served more than 1 million small and micro business owners and individual industrial and commercial households.

Reference: official website

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