However, if this credit card is registered for online banking or telephone banking, you can transfer the money on the credit card to other bank cards by telephone or network, and then use other bank cards to withdraw cash at the counter or ATM.

The disadvantages of credit card withdrawal

1.

There is no interest-free period for withdrawal.

There is no interest-free period for credit card withdrawal, and the interest on withdrawal begins from the moment when cash is withdrawn. Moreover, the interest cost of cash withdrawal is also relatively high. So try not to withdraw cash;

2.

Cash withdrawal requires full repayment.

When you use a credit card to swipe your card, you can generally choose the minimum repayment amount, but if you withdraw cash, you generally need to pay in full;

3.

Can't withdraw cash in full

Credit card can be used for full consumption or excessive consumption, but if you use credit card to withdraw cash, there are often certain restrictions on the amount of withdrawal, and you can't withdraw cash in full.

One of the biggest drawbacks of withdrawing cash by credit card is that banks will begin to doubt your economy and your economic ability, so it will have an impact on the credit card quota in the future.