How long does it take to pay back cash after withdrawing money from a credit card? What are the regulations?

1. You can withdraw cash immediately after paying off the credit card on the repayment date (as long as the card is being used normally and there is still money in the card) If there is a remaining balance, you can withdraw cash at any time);

2. Cash withdrawals on the credit card repayment date will be included in the next bill, and this transaction should be repaid before the repayment date of the next bill. .

3. Credit card cash withdrawal fees:

1. Handling fee: Each bank has different regulations. For example, CCB credit card charges are 0.5% of the cash withdrawal amount in China, with a minimum of RMB 2 per transaction and a maximum of 100 yuan/transaction; China Merchants Bank credit card is charged at 1% of the cash withdrawal amount in China, with a minimum of RMB 10/transaction;

2. Interest: Calculated at 0.05% daily interest.

See when your final repayment date is. For example, the account date is the 10th and the final repayment period is the 28th. The money you withdraw before the 10th must be paid back before the 28th of the month. If the money is withdrawn after the 10th, it can be paid back on the 28th of the next month. Returned before. Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require a partial handling fee, depending on the regulations of each bank. It should be noted that the bank card logos under the Visa international credit card organization are Visa Elecron Interlink Plus Visacash, which includes the credit card under Visa, which can withdraw cash and overdraft, the debit card under Elecron Visa, which can withdraw cash but not overdraft, and the ATM card under PlusVisa, which can only withdraw cash and cannot be overdraft. Interlink Visa The Internet transfer card can withdraw cash. The card with the non-overdraft mark can withdraw cash.

The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit shall not exceed 50% of the cardholder's credit limit. The daily limit for ATM cash withdrawal per person and card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment.

Overpayment cash withdrawal is when the cardholder withdraws the funds stored in the card or the funds overpaid during repayment. Overpayment can automatically increase the available limit of the main card, but does not increase the available limit of the supplementary card. If there is a need to increase the available limit of an additional card, the cardholder should call the bank's telephone service hotline to apply. Regarding the credit card cash withdrawal method, cardholders only need to log in to the bank's credit card online banking, select the cash advance function, and then follow the prompts. The cash pre-borrowed from the credit card can be directly transferred to the personal debit card account, which is relatively simple to operate. Telephone cash advance means calling the bank's credit card customer service hotline and following the voice prompts to transfer the cash advance into your personal debit card account.

Is the repayment date for credit card cash withdrawals the same month as the cash withdrawal?

If you withdraw cash from a credit card on the same day, you still don’t need to pay interest. Interest will be calculated on the next day. Generally, the daily interest is the amount of the cash withdrawal. Five ten thousandths.

There is an interest-free period for consumption. Cash withdrawals are repaid next month, and Everbright Bank is on the 27th of next month.

This cash withdrawal on the 15th will appear in the bill on the 8th of the next month after the bill date of this month is the 8th, so you can pay it back before the 27th of the next month. Additional interest accrues.

Example: China Everbright Bank Credit Card, the statement date is the 2nd and the repayment date is the 27th.

Cash withdrawals/consumption after April 2nd will be credited to the bill date of May 2nd and the repayment date of May 27th.

Cash withdrawal/consumption before April 2nd will be credited to the billing date of April 2nd and the repayment date of April 27th.

If the information says that the balance is insufficient, it is probably because the associated card is usually a debit card, and it prompts that the balance is insufficient. In addition, pay attention to the interest and handling fees, so what is owed is interest and fees. There is a handling fee.

Credit card cash withdrawals are usually repaid within 20 days after the next bill date. The bill date of ICBC is usually the first of each month, and repayment is before the 25th of each month;

Extended information

General The order of repayment is: first, various fees (including cash withdrawal fees, annual fees, loss reporting fees, production costs, etc.) and interest (late payment fees, over-limit fees, cash withdrawal interest, consumption interest, etc.);

The next order is the cash withdrawal transaction principal of the previous period, the consumption principal of the previous period, the cash withdrawal transaction principal of this period, and the consumption principal of this period; even if the overdraft is repaid within two days after the withdrawal, the system will first use it to repay various expenses incurred in the previous period. .

Credit card withdrawals do not enjoy the interest-free period. The bank will charge a one-time handling fee of 0.5% to 3% of the withdrawal amount, and a daily interest of 0.05%, which is equivalent to an annual interest of 18.25%.