With a credit card, you can withdraw cash. It is mainly divided into credit card overpayment cash withdrawal and overdraft cash withdrawal. Specifically:

An overpayment occurs on a credit card when you deposit more than the bill amount before paying off the credit card bill. This part of the funds is not what the bank wants to lend to the cardholder, but the cardholder's own money.

Enter the "Transfer" transaction, enter the transfer amount, select the payee's name, account number and other information, and follow the prompts to proceed to the next step.

In addition to the consumption function, credit cards can also withdraw cash. In other words, when cardholders are short of funds, they can withdraw cash through credit cards to relieve the pressure.

This kind of cash withdrawal is a credit card overdraft, that is, the cardholder borrows money from the bank, which is equivalent to a loan, and needs to pay the bank a cash withdrawal fee, which is equivalent to loan interest.

There are several ways to withdraw credit cards: First, withdraw cash through self-service machines such as bank counters or ATMs;

For example, some banks support direct cash withdrawals and cash installments. Some banks only accept cash installment payments. Cash installment, at least three installments.

There are also various repayment methods. Some banks amortize the principal and interest on a monthly basis, and some banks can choose to repay the interest first and repay the principal in one lump sum in the last period.

When withdrawing overpayment from a credit card, do not exceed the available balance, but withdraw within the available balance. The bank does not charge any fees for such withdrawals.

When withdrawing cash from a credit card overdraft, the bank charges a handling fee and there is no interest-free period. Different banks implement different standards for specific handling rates.

If you are applying for an overdraft cash withdrawal, the sooner you repay, the more appropriate it is to make a one-time payment, because the bank calculates interest based on the actual number of days of use;

If you use installment payment, you do not need to pay in advance. Repayment, but it can be used normally and repaid as agreed. Because the handling fee has been deducted, there is no need to repay in advance. Related questions and answers: Can you withdraw cash with a credit card? You can withdraw cash with a credit card. Credit cards are the same as debit cards. You can directly go to the ATM machine to operate, insert the card, enter the password, and you can withdraw cash from your credit card. Cash withdrawal by credit card can be divided into two methods according to the type of cash withdrawn, one is credit card overdraft cash withdrawal, and the other is credit card overpayment cash withdrawal. : 1. You can withdraw money directly with a credit card. Credit card cash withdrawal is one of the inherent functions of the credit card itself. The cardholder can use the credit card to advance cash from the bank. The process of using the credit card to withdraw cash is called credit card cash withdrawal. Credit card cash withdrawals are set up by banks to meet the urgent needs of cardholders for cash. The current charging standards for credit card cash withdrawals are very high. When withdrawing cash by credit card, a handling fee of 1 to 3 will be deducted immediately. The amount of cash withdrawal is calculated based on the daily interest rate. 5. Calculate interest and compound interest on a monthly basis. Therefore, please do not use the credit card cash withdrawal function except in emergencies. 2. It is not possible to make installment payments when withdrawing cash using a credit card. When the overdraft for cash withdrawal expires, it must be repaid in full. Cardholders should pay special attention to the final repayment date of their credit card, which is the last day of the interest-free repayment period. Prior to this, repayments are interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.05%. Compound interest will be calculated monthly, and late payment fees will also be charged. Classification of credit cards 1. According to the different objects of issuance, they can be divided into corporate cards and personal cards. Corporate cards are issued to various industrial and commercial enterprises, scientific research and education and other institutions, national party and government agencies, military units, groups and other legal organizations. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card. 2. According to the credit status and status of the cardholder, it can be divided into ordinary cards and gold cards. Ordinary cards are issued to cardholders with average financial strength, reputation and status, and their various requirements are not high. . Gold cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status.

The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.