Although credit cards are mainly used for consumption, they can also be cashed out when money is urgently needed. Many cardholders are very curious about China Merchants ELLE co-branded credit cards. If you use it to withdraw cash, is there any limit and how much handling fee do you need to charge? Let's take a look together.

I. Cash withdrawal limit of merchants' ELLE joint credit card

China Merchants ELLE Co-branded Credit Card is a female-only credit card, and cardholders can enjoy some female-only benefits, such as some activities organized by ELLE, and they can get discounts when buying new clothes and cosmetics.

Of course, this credit card can also be used to withdraw cash. In terms of cash withdrawal amount and charging standard, refer to China Merchants Bank's credit card cash withdrawal standard.

The withdrawal limit is usually 50% of the credit limit. For example, if the credit limit of your credit card is 25,000 yuan, then you can withdraw 5,000 yuan at most. Anyway, the higher the credit card limit, the more money you can withdraw.

China merchants ELLE co-branded credit card

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Second, China Merchants ELLE co-branded credit card withdrawal fee

1, local counterparts now take: 1% of the transaction amount, the lowest charge 10 yuan, and the highest charge 20 yuan;

2. Local inter-bank cash withdrawal: 1% of the transaction amount, with the lowest charge of 10 yuan and the highest charge of 20 yuan;

3. Cash withdrawal from peers in different places: 1% of the transaction amount, with the highest charge of 100 yuan and the lowest charge of 8 yuan;

4. Off-site inter-bank cash withdrawal: 1% of the transaction amount, with the lowest charge of 10 yuan and the highest charge of 20 yuan;

5. Cash withdrawal from overseas UnionPay: 3% of the transaction amount, with a minimum charge of 3 US dollars or 30 yuan RMB for each transaction;

6. Overseas non-UnionPay cash withdrawal: 3% of the transaction amount, with a minimum charge of 3 US dollars or 30 yuan RMB for each transaction;

To sum up, it is not recommended to withdraw cash by credit card. Basically, all credit cards have a handling fee and no interest-free period. From the date of withdrawal, the daily interest of five ten thousandths shall be paid off. Once you actually withdraw cash by credit card, remember to pay it back in time. The longer the time, the more the handling fee, which is equivalent to rolling interest.