Is it good to withdraw cash via credit card? The so-called "Cash Withdrawal on Palm" actually refers to China Merchants Bank credit card users who can withdraw cash through the "Pocket Life" APP. If the borrower needs to use cash when circumstances do not allow it, using Palm Life to withdraw cash is undoubtedly a convenient option. After withdrawing cash on the mobile phone, the cash withdrawal record will also be recorded in the borrower's credit report as a loan record. As long as the borrower repays the loan on time, there will be no damage to the borrower's credit report or life. If the borrower is overdue, it will not only affect the borrower's credit score, but also make it impossible to repay the bills in installments. The inability to amortize means that the borrower's repayment pressure will be greater.
What should I do if my mobile cash withdrawal is overdue? If the borrower's mobile cash withdrawal is overdue, the borrower must first pay off the bill in a timely manner. Secondly, if the bill is overdue due to non-malicious reasons, such as automatic deduction errors in the bank system, mobile phone failure and other third-party force majeure factors, the bill will be overdue. The borrower can bring supporting documents, go to the bank to issue a non-malicious overdue certificate, and then go to the People's Bank of China Credit Information Center to correct the overdue record. In addition, we need to remind everyone that interest fees are also charged for cash withdrawals on the mobile phone, which are no different from the interest fees for credit card cash withdrawals. The above is the sharing of relevant content about "Is it good to withdraw cash on the hand with a credit card?" I hope it can help everyone!