The fees involved in credit card cash withdrawals mainly include handling fees and interest. First, let’s take a look at the specific calculation method of handling fees:

In China, whether you use the domestic UnionPay network or other banks to withdraw cash, a handling fee of 1% will be charged for each transaction, with a minimum of 10 yuan. RMB. If you withdraw cash overseas, through the UnionPay network, each transaction will be charged RMB 12, plus 1% of the transaction amount, with a minimum of RMB 15. When withdrawing cash through the VISA or MasterCard network, the handling fee is 1% of the transaction amount, with a minimum of US$5.

Secondly, regarding interest, if you withdraw 1,000 yuan in cash, the daily interest is 1,000 yuan multiplied by 0.5%, which is 0.5 yuan. The interest is calculated from the day of withdrawal until the day before you repay, based on each day. The interest rate is 0.5% per day.

For certain credit cards, such as Pacific Dual Currency Credit Card, domestic cash withdrawals are charged at 1% of the transaction amount, with a minimum of RMB 5 (Y-POWER cards have lower handling fees). When withdrawing cash overseas through UnionPay and VISA/MASTERCard, the above rules are also followed. There is no interest-free period for cash advances, and the interest calculation method is the same as above.

When withdrawing cash, the handling fees for overpayments within the credit limit are slightly different. Cash withdrawals within the credit limit require payment of some fees, while cash withdrawals for overpayments are to withdraw excess funds as cash without interest, but a certain handling fee is required.

The above information comes from the relevant regulations of Bank of Communications credit cards. Understanding these details will help you better manage your credit card use and avoid additional cost burdens.