Credit card cash withdrawals can be made 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Credit card overpayments can be withdrawn through ATMs, branch counters, etc.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.