What is the function of China Merchants Bank credit card to borrow cash in advance? What is the difference between it and ATM withdrawal? Is the handling fee the same? How about the handling fee for cash withdrawal in the same city? Hello, if you are a credit card of our bank, the withdrawal amount is set according to your card usage and included in the credit limit of the credit card. Under normal circumstances, the cumulative withdrawal amount does not exceed 50% of your credit limit. For details, please call the credit card 24-hour customer service hotline. In addition, according to the relevant regulations of the People's Bank of China, the daily cash advance for each card in China does not exceed RMB 2,000; The daily cash advance of each overseas family shall not exceed the equivalent amount of US$ 65,438+0,000, US$ 5,000 within 65,438+0 months and US$ 65,438+0,000 within 6 months.

Cash advance, also known as cash withdrawal, is a credit card function that provides cardholders with small cash loans. Our credit card supports cash advance through ATM, bank counter, online banking and telephone.

Handling fee, interest and limit: handling fee: the domestic handling fee for RMB cash withdrawal is 65,438+0% of each cash withdrawal amount, and the minimum charge is 65,438+00 RMB; The handling fee for overseas cash withdrawal is 3% of each cash withdrawal amount, and the minimum charge is USD 3 or 30 yuan RMB (USD 5 or 30 yuan RMB for American Express Card-Centurion Black Gold Card and American Express Card-Centurion Platinum Card). There is no inter-bank handling fee for cash advance.

Interest: Cash advance does not enjoy interest-free repayment. From the date of cash withdrawal to the date of settlement, interest will be charged at a daily rate of 0.5 ‰, with compound interest on a monthly basis.