1. The amount of cash that can be borrowed in advance is 1/3 of the total credit line, and the total amount with the contracted account shall not exceed the credit line. Some banks have restrictions on the amount of cash borrowed in advance every day;
2. Some domestic banks are limited to 50% credit line;
3. You can get cash quickly without any guarantee within a limited amount;
4. Cash borrowed by credit card in advance has no interest-free repayment period, and interest is calculated from the day of withdrawal;
5. The cash borrowed in advance has a high interest rate, with a daily interest rate of five ten thousandths;
6. The handling fee is very high. The general handling fee is above 1%, which is charged at one time.
Extended data:
Credit cards can be used to withdraw cash.
1. The cash advance limit is set according to your card usage and included in the credit limit of the credit card. Under normal circumstances, the cumulative withdrawal amount does not exceed 50% of your credit limit. For details, please call the customer service phone of ICBC Credit Card Center.
2. There are no more than 5 domestic ATM withdrawals per day, and the daily accumulated amount of domestic and foreign ATM withdrawals with the "UnionPay" logo does not exceed the equivalent of 5,000 yuan (overpayment).
3. If the balance of ICBC Peony Card account is insufficient, you can use the credit line to overdraw the cash. The withdrawal of credit line does not enjoy interest-free repayment period, and the accumulated amount does not exceed 2000 yuan per day.
4. To withdraw dual-currency credit cards from ATMs or bank outlets with relevant logos of credit card organizations or companies abroad, according to the regulations of the State Administration of Foreign Exchange, the cumulative withdrawal shall not exceed the equivalent of 1 000 USD in one day, the equivalent of 5,000 USD in one month and the equivalent of 1 000 USD in six months.
Baidu encyclopedia-credit card cashing