How to withdraw the balance from the credit card?
It can be withdrawn in the following ways:
1. Cash transfer
Overpayments can be transferred directly to the person's name at the counter or at the prescribed self-service equipment. Download a bank card;
2. Consumption
Excess payment can be used directly for consumption;
3. Cash withdrawal
Most The card-issuing bank will treat cardholders' withdrawals from their own deposits as overdraft withdrawals and charge a certain fee.
Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. .
Interest is required for overdraft withdrawals, and interest is calculated from the day you withdraw cash. However, interest is not required for overdraft withdrawals, and you only need to pay part of the handling fee, which depends on the regulations of each bank. .
If there is a UnionPay logo on a credit card, it means that the card has joined the China UnionPay organization. Cardholders can withdraw cash at any ATM with the UnionPay logo.
Except for Hong Kong, Macao and Taiwan, there are many countries where the UnionPay system is not popular, so most overseas cash withdrawals need to go through the channels of international card organizations. This depends on whether the card you hold is an international card. It is easy to identify international cards by looking at whether there are logos of credit card organizations such as Visa or Master in addition to UnionPay.
The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit shall not exceed 50% of the cardholder's credit limit. The daily limit for ATM cash withdrawal per person and card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment.
Overpayment cash withdrawal is when the cardholder withdraws the funds stored in the card or the funds overpaid during repayment. Overpayment can automatically increase the available limit of the main card, but does not increase the available limit of the supplementary card. If there is a need to increase the available limit of an additional card, the cardholder should call the bank's telephone service hotline to apply.
Credit card cash withdrawals mainly include overdraft cash withdrawals and overdraft cash withdrawals. Overdraft cash withdrawals are small cash loans provided by banks to cardholders, which help cardholders flexibly allocate funds when they are in urgent need. .
Cash withdrawal of overpayment refers to the funds that credit card customers overpaid when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of the cardholder's credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
How can I withdraw the balance from my credit card?
Withdrawal of cash by credit card can be done directly at the bank counter or at an ATM. There is a handling fee for withdrawing money from a credit card. If the credit limit of the credit card is used for cash withdrawal, daily interest will be paid at an interest rate of 0.05% per day.
Credit card cash withdrawals are divided into two situations:
Situation 1: Credit card overdraft withdrawals, which means that the money we withdraw is through overdraft withdrawals. If you do not enjoy interest-free, you will be charged 0.05% of the cash withdrawal amount every day.
Situation 2: Cash withdrawal for overpayment on a credit card. The overpayment is due to the fact that we paid too much, and the remainder after deducting the arrears on the repayment date.
Credit card overpayments can be withdrawn through ATMs, branch counters, etc. However, a certain handling fee will be charged for cash withdrawals from credit card overpayments. So I generally say that credit card cash withdrawal is a less cost-effective option. The handling fee for credit card cash withdrawal is 0.5% of the cash withdrawal amount. The handling fee is a minimum of 2 yuan per transaction and a maximum of 50 yuan per transaction.