Cash advance limit refers to a cash advance limit of credit card. In other words, the advance cash limit refers to the cash withdrawal limit of credit card. The advance cash limit of a credit card is usually within the credit range of a credit card. Generally speaking, the cash advance limit of bank credit cards is within 30-50% of the credit limit of credit cards. In different bank credit cards, there are differences in cash advance, so how should the cash advance be used?

How to use the cash advance limit?

If you want to withdraw the credit card advance cash limit, you can only withdraw the cash withdrawal limit at the bank counter or ATM deposit machine through the bank counter or ATM deposit machine. Generally speaking, banks do not support the direct transfer of advance cash to debit card accounts by online transfer. However, Shanghai Pudong Development Bank and China Merchants Bank have also launched pocket cash withdrawal services, which can transfer the cash withdrawal amount to debit card accounts through mobile banking.

The cash advance limit shall be calculated according to the credit limit of the credit card. For example, if the credit limit of a credit card is 10000 yuan, the withdrawal limit of the credit card is 50% of the credit limit of the credit card, and the withdrawal limit of the credit card is 5000 yuan, the cardholder can insert the credit card through the bank ATM and directly withdraw 5000 yuan for consumption.

It is worth noting that the advance cash limit of a credit card is different from the general credit limit of a credit card, and the advance cash limit does not enjoy interest-free service. The interest expense shall be calculated from the date of cash withdrawal, and the corresponding handling fee shall be charged according to the cash withdrawal amount.