Can I withdraw cash from Minsheng Bank’s credit card?

Hello, Minsheng Bank can withdraw cash. Now each bank charges a daily interest rate of 0.05, and in terms of handling fees, each bank charges There is a difference. There is no interest-free period and interest will be charged from the date of withdrawal.

If the cardholder only pays the minimum repayment amount on the repayment date, the unpaid portion will still be charged interest at a rate of 0.05 per day; if the cardholder does not even pay the minimum repayment amount, the credit card will The fees you need to pay for cash withdrawal are interest of 0.5% on the day of the handling fee and late payment fees on the unpaid portion of the minimum repayment amount of 5%.

As for the handling fees for cash withdrawals, the charging standards of each bank are different. The handling fee for ATM cash withdrawals with Minsheng Bank's credit cards: 0.5 for this bank, 1 for inter-banks, and the minimum for a single transaction is 1 yuan. However, most banks only stipulate the minimum amount of handling fees for each cash withdrawal, and the highest bank stipulates that the minimum handling fee for each cash withdrawal is 30 yuan.

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The credit card limit of Minsheng Bank is 3,000 yuan. How much can I withdraw in cash?

Minsheng Bank The bank credit card limit is 3,000 yuan, and the maximum cash withdrawal limit is 1,500 yuan.

The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit does not exceed 50% of the cardholder's credit limit. The daily ATM cash withdrawal limit per person per card is 2,000.

The credit card cash withdrawal limit is not for withdrawing cash, but for the holder to make purchases, so a cash withdrawal limit is set. Cash withdrawal by credit card is a cash advance, which is one of the most basic functions of a credit card. Although you can use a credit card to withdraw cash, do not use the cash advance function unless it is an emergency. The fee for using a credit card cash advance function is higher.

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.

Extended information:

1. Minimum repayment amount

1. Cardholders will not be able to enjoy the exemption for repaying the "minimum repayment amount" of the current bill. Interest repayment period, you need to pay recurring interest, but you can still maintain a good credit record.

2. The calculation formula is: Minimum repayment amount = 100 of the unpaid portion of the minimum repayment amount of the previous period, 100 of the over-limit portion, 100 of the installment funds, 10 of other unpaid consumer accounts and cash advances within the credit limit 100 of all other amounts payable.

2. Cash advance charges

The bank charges a handling fee of 0.5 yuan to a minimum of 1 yuan for a cash advance, and a handling fee of 1 yuan to a minimum of 1 yuan for inter-bank transactions. The fee will be charged from the date of cash withdrawal. Interest will be charged starting at 0.5% per day. Special cards such as Tongbao Installment Card, Platinum Financial Management Card, Young In Card, Happy Card, Overseas Student Card, etc. are exempt from the bank's cash withdrawal fees.

Baidu Encyclopedia - Cash Withdrawal by Credit Card

Baidu Encyclopedia - Cash Withdrawal Amount

Can I withdraw cash with Minsheng Bank Credit Card?

Minsheng Bank credit card cash withdrawal method and calculation method of handling fees and interest:

1. Minsheng Bank credit card cash withdrawal method

1. Cash withdrawal method

China Minsheng Bank credit card users can withdraw cash with the transaction password at ATMs with the UnionPay logo or the VISA logo displayed on your credit card at home or abroad. You can also withdraw local currency at the counters of various Minsheng Bank outlets or overseas bank outlets with the logo of relevant credit card organizations or VISA and other companies.

2. Cash withdrawal limit limit

The cash withdrawal limit of Minsheng Bank credit card generally does not exceed 50 of the credit card limit. The cumulative number of ATM cash withdrawals per day must not exceed 3 times, and the cumulative amount must not exceed 2,000 yuan. ; The daily cumulative cash withdrawal amount for overseas cash withdrawals shall not exceed 1,000 US dollars or its equivalent in foreign currency, and the cumulative daily cash withdrawal amount within the month shall not exceed 5,000 US dollars or its equivalent in foreign currency; the daily cumulative amount of cash withdrawals from Hong Kong's "UnionPay" ATMs shall not exceed 2,000 Hong Kong dollars.

2. Minsheng Bank’s credit card cash withdrawal fees and interest

1. Minsheng Bank’s credit card cash withdrawal fees

(1) Domestic Minsheng Bank counters or ATM equipment to withdraw cash : A handling fee of 0.5 of the cash withdrawal amount will be charged, with a minimum of RMB 1 per transaction;

(2) Cash withdrawal from other domestic bank counters or ATM equipment: a handling fee of 1 of the cash withdrawal amount, with a minimum of RMB 1 for each transaction RMB;

(3) Overseas cash withdrawal charging standard: 3% of the cash withdrawal amount, with a minimum charge of 3 US dollars/2 euros/2 pounds/4 Australian dollars/4 Canadian dollars/300 yen per transaction;

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(4) RMB overpayment withdrawal fee standards: There is no handling fee for withdrawing overpayment through Minsheng Bank ATMs and counters. There is a handling fee for withdrawing overpayment through other banks, with a minimum of RMB 1 yuan;

(5) Foreign currency overpayment withdrawal fee standard: 3 withdrawal amounts, minimum 3 US dollars/2 euros/2 pounds/4 Australian dollars/4 Canadian dollars/300 yen.

2. Minsheng Bank’s credit card cash withdrawal interest

There is no interest-free repayment period for Minsheng Bank’s credit card cash withdrawal. Overdraft interest will be compounded at a daily interest rate of 0.5% from the overdraft transaction date. For example, if you withdraw 1,000 yuan in cash from an ATM machine, the daily interest is 1,000 yuan 0.05 = 0.5 yuan.

Can I withdraw cash from the Minsheng.com Tesco Installment Credit Card?

The Minsheng Credit Card is an automatic consumption card. Many friends think that installment credit cards can only be used for swiping purchases. In fact, this is not the case. You can still withdraw cash with this credit card, but cash withdrawals will involve handling fees, interest, etc. Let’s introduce it to you below.

As the name suggests, the biggest advantage of the Minsheng.com Tesco Installment Credit Card is that it can be automatically installmentd. When applying for the card, you only need to select the starting installment amount and the number of installments. When the single consumption amount reaches the standard, it will be based on The installment is carried out according to the number of installments selected when applying for the card, and the cardholder does not need to apply for the installment business himself.

Of course, in addition to automatic installment for consumption, this credit card also provides other financial services of Minsheng Bank, such as installment, which means that if you are in urgent need, you can use this credit card to withdraw cash for emergencies.

Please note that this is a UnionPay credit card, so you can only withdraw cash from ATMs with the bank's logo. In addition to this cash withdrawal method, you can also use the online Tesco credit card to advance cash through the bank counter. , online banking cash advance, telephone cash advance, mobile banking cash advance, etc.

PS: If you don’t bring a credit card, you can also withdraw cash at the ATM through cardless withdrawal, but there will also be a handling fee. As for the specific rate, you can refer to this article

In addition to the cash withdrawal method, there are several things to pay attention to when withdrawing cash with this credit card

There is a cash withdrawal limit for Minsheng Credit Card, and you also need to pay a handling fee for cash withdrawals, and you cannot enjoy the interest-free period. Interest will be calculated based on the expected daily annualized interest rate of 0.5%. The details are as follows:

1. Cash withdrawal limit: The initial cash advance limit of Minsheng Credit Card is generally 50% of the credit limit, and the domestic cash withdrawal limit is single. The daily limit is 10,000 yuan. For specific limits, please call Minsheng Bank’s 24-hour credit card service hotline for consultation.

2. Cash withdrawal handling fee: When withdrawing cash through Minsheng Bank’s own channels, the 0.5 cash withdrawal handling fee is waived; cash withdrawals from other banks charge a handling fee of 1% of the transaction amount, with a minimum charge of 1 yuan per transaction.

Questions and Answers about Minsheng Bank’s Credit Card Cash Withdrawal

Many cardholders will use credit cards to withdraw cash when they are in urgent need. However, before withdrawing cash, it is necessary for everyone to understand the frequently asked questions. For example, cash withdrawal methods, cash withdrawal fees, etc. Here we will give you an analysis on some issues related to cash withdrawal with Minsheng Bank credit cards.

Question 1. How to withdraw cash from Minsheng Credit Card?

Answer:

There are many ways to withdraw cash with Minsheng Credit Card. In addition to withdrawing cash at the counter of Minsheng Bank outlets or ATMs, you can also withdraw cash according to the Minsheng Credit Card you hold. The card indicates that you can withdraw cash (or local currency) from an ATM with the corresponding logo.

Question 2: Do I need a password to withdraw cash from Minsheng Credit Card?

Answer:

Minsheng Bank’s credit card withdrawals require a password. Whether you withdraw cash through branch counters or self-service teller machines, you need to enter your credit card password.

After setting a transaction password through the Minsheng Bank credit card customer service hotline (400-66-95568), you can withdraw cash through ATMs, branch counters, etc.

Question 3. Is there any handling fee for withdrawing cash with Minsheng Credit Card?

Answer:

There is a handling fee for cash withdrawal with Minsheng Credit Card. The specific charging standards are as follows:

1. Our bank’s RMB cash withdrawal: 0.5 of the transaction amount , a minimum charge of 1 yuan per transaction;

2. RMB cash withdrawals from other banks: 1% of the transaction amount, a minimum charge of 1 yuan per transaction;

3. Foreign currency cash withdrawals: It is charged at 3% of the transaction amount, with a minimum charge of 3 USD/2 EUR/2 GBP/4 AUD/4 CAD/300 JPY per transaction.

Question 4: Does Minsheng Credit Card charge interest for cash withdrawal?

Answer:

Minsheng Bank credit card withdrawals do not enjoy the interest-free repayment period. From the transaction date of the withdrawal amount, the daily expected annual interest rate of 0.5% will be charged daily. Interest will be compounded monthly until the cash withdrawal amount is paid off in full.

This is the end of the introduction about whether you can withdraw cash with Minsheng Credit Card and whether you can withdraw cash with Minsheng Credit Card. Have you found the information you need?