The two major functions of a credit card are overdraft consumption and cash withdrawal. However, unlike overdraft consumption, not all cards can be cashed out, and the cash withdrawal amount in some credit cards is only 5%, so don't blindly withdraw cash to avoid being rejected by banks. At the same time, many users are also worried that blind cash withdrawal will have a negative impact on themselves. Does credit card withdrawal affect credit reporting? The real impact is here!

In fact, the fact of withdrawing cash itself will not bring any impact on your credit information. However, if you fail to repay according to the regulations after withdrawing cash, it will be overdue, which will lead to the appearance of tainted credit information records. Different from overdraft consumption, credit card withdrawal has no interest-free period and no installment repayment. When the repayment date comes, everyone needs to repay in full according to the withdrawal amount, or use the minimum repayment. And credit card withdrawal will start to calculate interest from the same day, and the longer it takes, the more interest it will generate, so many small partners are not willing to withdraw cash directly with credit cards. However, in order to alleviate the current financial shortage, some users will want to meet their own needs through illegal cash withdrawal, which can not only solve the urgent need, but also save unnecessary interest expenses. It looks like the best of both worlds, but it is not.

illegal cash withdrawal is forbidden by banks. judging from the keen risk control system in banks, as long as users have such behaviors, they will be easily monitored, ranging from being controlled by the wind to directly reducing the amount or even blocking the card. However, even if it is a normal cash withdrawal, it is recommended that you do not appear often. Because in the eyes of banks, users who often withdraw cash are often in poor economic conditions, so they are more likely to be rejected by banks when applying for withdrawal in the future. Of course, everyone's situation is different, so the choice is different. If you really encounter economic problems and need financial help urgently, you can also withdraw cash, just saying that you can minimize the number of withdrawals.

That's all for the questions about credit cards today. If you still have other things you don't understand, you can check them at any time.