There is no interest, but a handling fee will be charged at that time.

When users need cash temporarily at home and abroad, they can use credit cards to advance cash. Generally speaking, the amount of cash that can be advanced is one-third to the full amount of the credit limit, and the total amount plus the total amount of transactions must not exceed the user's credit limit. However, some banks have limits on the amount of daily cash advances. . You can get cash quickly without any guarantee within a limited amount.

1. Credit card cash withdrawals will involve two parts of fees:

1. One part is the credit card cash withdrawal handling fee (different banks charge different standards for credit card cash withdrawal fees. Generally, the handling fee is based on the cash withdrawal fee. 1% of the amount is charged, with a minimum charge of 10 yuan).

2. The other part is credit card interest. The interest rate of each bank is 0.5% of the daily interest rate.

2. If you withdraw cash with a credit card and pay it back on the same day, you will definitely be charged a credit card cash withdrawal fee. Unless it is a special credit card that waives handling fees for cash withdrawals or you catch up with the bank's promotion of free cash withdrawals, otherwise avoid No.

3. As for the credit card interest after cash withdrawal, it depends on the specific rules of interest collection of each bank. Some banks stipulate that interest will be charged from the day of cash withdrawal by credit card, while some banks stipulate that interest will be charged from the day after cash withdrawal. Interest will be charged from the beginning, so it depends on the specific regulations of the card issuing bank.

Extended information

Although you can use a credit card to withdraw cash, please do not use the cash advance function in non-emergency situations, because the cost of using the credit card cash advance function is very high of.

1. There is no interest-free repayment period when using a credit card to advance cash. Interest will be calculated from the day you withdraw the cash.

2. The interest rate for cash advance is very high, with daily interest rate of 0.05% and compound interest calculated.

3. The handling fee is very high. The handling fee is generally more than 1% and is charged in one time. In addition, there are generally no bonus points for cash advances.

Baidu Encyclopedia--Cash Advance

Baidu Encyclopedia--Cash Withdrawal by Credit Card