Cash withdrawal by credit card is a situation that many cardholders often use, especially when they are away from home, isolated and in urgent need of cash flow, the cash withdrawal function of the credit card comes in handy. Many Industrial Bank credit cards have this feature, including Industrial Taobao co-branded cards. However, I would like to remind everyone that there are fees for credit card cash withdrawals. Let’s take a look at how to calculate this fee. The Industrial Bank Taobao Co-branded Credit Card is a co-branded card between Industrial Bank and Taobao, a subsidiary of Alibaba Group. The biggest advantage of this credit card is that you can accumulate credit card points for Taobao purchases, and the points can be used to deduct cash when shopping on Taobao. Of course, if you forget to bring cash when you go out or are in urgent need of cash flow, you can also use this card to withdraw cash from an ATM to meet your urgent needs. What I want to remind everyone here is that you must abide by the rules when withdrawing cash. Industrial Taobao Co-branded Card

Cash withdrawal rules 1. Cash withdrawal limit: Under normal circumstances, the cash withdrawal limit of Industrial Credit Card is 50% of the credit limit, which also includes Taobao co-branded cards. 2. Handling fee: regardless of whether it is in the same city or in another place, it will be charged at 2% of the transaction amount, with a minimum of RMB 20/transaction or USD 2/transaction. 3. Interest: Cash advances do not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged based on the daily expected annualized interest rate of 5/10,000, and compound interest will be charged monthly. For example, card friend Xiaoqi used the Xingye Taobao co-branded card to withdraw 10,000 yuan in cash on the 15th. The entire amount cannot be paid back until the 15th of next month. The fees she needs to pay are as follows: Interest: 10,000*0.05*30=150 yuan, cash withdrawal handling fee : 10000*1=100 yuan; Total cash withdrawal fee***: 150 100=250 yuan.