Cash withdrawal by credit card is also called cash withdrawal or cash advance, which is divided into two situations: cash withdrawal by credit line and cash overflow. Credit line withdrawal, also called overdraft withdrawal, is based on overdraft credit cards. Overflow cash withdrawal refers to cash withdrawal through the funds in the credit card or the funds overpaid during repayment.

No matter what form of cash withdrawal, you have to pay a handling fee. Credit card withdrawal fees are very high, and different banks have different fees.

Moreover, the withdrawal of overdraft credit card line will also generate interest, which will be calculated from the date of withdrawal and compounded monthly until the borrower pays off the withdrawal amount. In addition, a credit card can generally withdraw 50% of the credit limit of the card. For example, if the credit limit of your credit card is 10000 yuan, you can withdraw 5000 yuan in cash.

Extended data:

domestic

At present, if there is a UnionPay logo on the credit card, it means that the card has joined the China UnionPay organization, and the cardholder can withdraw cash from any ATM with the UnionPay logo.

Overseas/overseas

Outside China, besides Hong Kong, Macao and Taiwan, there are still many countries whose UnionPay system has not been popularized, so most of them need to take the international card organization channel to withdraw cash abroad. It depends on whether you have an international card. An international card can be easily distinguished by looking at whether there are LOGO of credit card organizations such as Visa or Master besides UnionPay.

References:

Credit card withdrawal-Baidu Encyclopedia