This withdrawal limit is also called advance loan, which is usually 50% of the credit limit. Credit card withdrawal limit is not for cash withdrawal, but for cardholders to shop, so set a withdrawal limit.

Cash advance refers to the behavior that cardholders use credit cards to withdraw cash through ATM and other self-service terminals. Although you can withdraw cash by credit card, please don't use the cash advance function in non-emergency situations, because the cost of using the cash advance function by credit card is very high.

Extended data

The withdrawal fees of credit cards in different banks are different, as follows:

1% of the transaction amount of Bank of Communications, with a minimum of 10 yuan per transaction.

65,438+0% of the transaction amount of Ping An Bank, with a minimum of 65,438+00 yuan per transaction (preferential in 2009).

0.5% of the cash withdrawal amount of Minsheng Bank, other banks 1%, the lowest 1 yuan.

Industrial Bank? 2% of cash in advance is charged, and the minimum charge is RMB 20 yuan.

China CITIC Bank charges a handling fee of 3% for cash advance, with a minimum of 30 yuan.

Repay on time and maintain good credit. You can borrow money if you owe it. Banks also strictly follow this old truth. If you don't repay on time, you will definitely have no credit. You'd better pay in full, not just the minimum payment. Cyclical interest will make you unbearable.

References:

Baidu Encyclopedia-Withdrawal Limit