Credit cards can be swiped by merchants with POS machines, which have the basic financial functions of spending first, repaying later and recycling credit lines.

Of course, credit cards can also be overdrawn for cash withdrawal. Generally, credit cards have a fixed amount and a cash withdrawal amount. The withdrawal quota of most bank credit cards is configured according to 50% of the credit card quota. At the same time, the bank stipulates that the daily withdrawal of each card should not exceed 2000 yuan.

At the same time, overdraft withdrawal does not enjoy interest-free period. From the date of cash withdrawal, five ten thousandths of interest will be charged every day, and at the same time, a cash withdrawal fee will be charged (the specific rate varies from bank to bank, so the landlord can consult the credit card issuing bank).

Take my CCB credit card as an example. His cash withdrawal fee rate is 0.5% of the cash withdrawal amount, at least in 2 yuan.

For example, the landlord overdraws 2000 yuan and pays it back after 10 days.

Total amount payable = withdrawal principal+withdrawal handling fee+withdrawal interest.

= 2000+2000 * 0.5%+2000 * 0.05% *10 (10 interest)

=2000+ 10+ 10

=2020 yuan