After all, this is a function launched by the bank, which shows that this method is still relatively recognized.
Generally speaking, as long as everyone pays in full and on time after withdrawing cash, there will be no reduction. Moreover, credit card withdrawal is actually a mutually beneficial function, which can not only provide cardholders with capital turnover, but also allow banks to earn interest and handling fees from it.
Extended data:
Credit card withdrawal is different from credit card withdrawal, which is one of the inherent functions of credit card itself.
Cardholders can withdraw cash from the bank by credit card. Credit card withdrawal mainly includes overdraft withdrawal and overpayment withdrawal. You need to pay interest for overdraft cash withdrawal, and the interest will be calculated from the day you withdraw cash, while the overpayment cash withdrawal does not require interest, only a part of the handling fee, depending on the bank's regulations.
overdraw
The overdraft withdrawal amount is set according to the cardholder's use of the card, and the maximum is not more than 50% of the cardholder's credit limit. The daily limit of ATM withdrawal is 2000 per person per card.
In addition to the withdrawal fee, domestic and foreign overdraft withdrawals also need to pay interest, and some banks can enjoy interest-free treatment.
Overpayment cash withdrawal refers to the cardholder's withdrawal of the funds or overpayments stored in the card when repaying.
Overpayment can automatically increase the available amount of the main card, but does not increase the available amount of the auxiliary card. If it is necessary to increase the available amount of supplementary cards, cardholders should call the bank telephone service hotline to apply.
way
Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. Overdraft cash withdrawal is a small cash loan provided by banks to help cardholders flexibly allocate funds when they are in urgent need.
Overpayment cash withdrawal refers to the overpayment by credit card customers or the funds deposited in credit card accounts, and it takes some formalities to withdraw the overpayment. This amount can increase the available credit limit of the cardholder's credit card, or be directly used for consumer repayment.
If the credit card has overpayment, the overpayment shall be deducted first, and then the credit line shall be deducted. If the overpayment is greater than the consumption amount, there will be no overdraft.
chief method
As for the method of withdrawing cash by credit card, the cardholder only needs to log in to the bank's credit card online banking, select the cash advance function, and then follow the prompts, and the cash advance from the credit card can be directly credited to the personal debit card account, which is relatively simple to operate.
Telephone cash advance is to dial the customer service hotline of bank credit card, and according to the voice prompt, advance cash will be credited to personal debit card account.