Overdraft cash withdrawal is a transaction in which you use your credit card to withdraw cash within a limited limit (the cash limit is different from the consumption limit, usually smaller than the consumption limit). You can make withdrawal transactions at a bank counter or at an ATM. Usually, the amount and number of withdrawals on a credit card overdraft withdrawal day are limited, and interest (calculated on a daily basis) will begin on the next day after the overdraft withdrawal. No matter how you withdraw cash with a credit card, you will be charged. If you withdraw cash overdraft, you will be charged two parts of the money. One is the handling fee, which is charged as a percentage based on the amount you withdraw, and the other is your overdraft interest. Calculated based on 50,000 per day. If you do not have an overdraft to withdraw cash, as you said, I have money, then the cash withdrawal will only charge a handling fee and not overdraft interest.

Generally we don’t keep money in credit cards because there is no interest and you have to pay handling fees when you want to withdraw it. A credit card overdraft is a short-term overdraft granted by the credit card issuer to the cardholder within a specified limit when making purchases with the card. For credit cards, allowing "spend first, repay later" and overdraft are important features.

For credit cards, allowing "consumption first, repayment later" and overdraft are important features. For debit credit cards, "deposit first, then spend", but on the premise that it is determined to be a bona fide overdraft and repayment is guaranteed, cardholders are also allowed to overdraft an appropriate amount within a short period of time when they are in urgent need of funds.

Overdraft interest is generally much higher than that of bank loans in the same period, and card issuers have a complete set of measures to prevent and pursue overdraft risk losses.

: What are the benefits of credit card overdraft?

Overdraft cash withdrawal is a small cash loan provided by the bank to help you flexibly deploy funds when you are in urgent need. In layman's terms, it is a form of borrowing in which you take the credit card given to you by the bank and withdraw cash through the bank counter or ATM machine. If you are spending money in a shopping mall, swiping your credit card directly is called overdraft consumption (there is an interest-free period).

Legal basis:

Article 196 of the Criminal Law stipulates that under any of the following circumstances, whoever commits credit card fraud and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be sentenced to: A fine of not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other special circumstances If the circumstances are serious, the person shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or have property confiscated:

(1) Using a forged credit card, or using a false Credit cards obtained by fraudulent identification;

(2) Using invalid credit cards;

(3) Pretending to use other people’s credit cards;

(4) Malicious overdraft.