Is there any restriction on the use of credit card withdrawal funds?
Yes After the cardholder withdraws the funds, it shall not be used in non-consumption fields such as house purchase, investment, production and operation, and shall not violate the state foreign exchange management field. In other words, simple daily consumption, watching movies, shopping, and paying utilities are all possible, but it is not possible to buy wealth management products and repay the mortgage.
Other knowledge points:
1 Credit card withdrawal limit: Generally, the overdraft withdrawal of a credit card does not exceed 50% of the cardholder's credit limit, and does not exceed the current available credit limit of the card.
2 Credit card withdrawal interest: Credit card overdraft withdrawal does not enjoy interest-free repayment, but it will charge fees and interest, and different banks charge different fees. For example, the daily interest rate in China is 0.05% 1%, and the lowest in 2 yuan is 100 yuan.
3 Credit card cash withdrawal repayment method: according to bank regulations, credit card cash withdrawal transaction, cash transfer, consumption settled in foreign currency, installment transaction, fee interest, repayment, refund, etc. Installment repayment is not supported, and full repayment must be made.
The above are some contents about cash withdrawal by credit card, so you can pay attention to them.