The credit card itself has the function of withdrawing cash, and the cardholder can withdraw cash at the counter of the issuing bank, ATM or other bank ATMs with UnionPay logo with the transaction password.

At the same time, the cardholder can also apply for the credit card cash installment business launched by the cardholder through the issuing bank outlets, official website, mobile banking and other channels. After the application is successful, the cardholder can transfer the amount in the credit card to the debit card for use.

Extended data:

Disadvantages of credit cards:

1, blind consumption

Unlike paying cash, swiping a card is not a sum of money. I don't feel anything when I swipe my card. A few figures lead to blind consumption and spending money like water.

2. Excessive consumption

Notebook staging, digital camera staging, smart phone staging, while enjoying your favorite items in advance, you should also consider whether you can repay them.

3. High interest rates

If you can't take care of your credit card and can't repay it on time when the final repayment date comes, the bank will charge you high interest. (The minimum repayment amount of a credit card in the first month shall not be less than 10% of the overdraft amount in the current month)

4. An annual fee is required.

Credit cards basically have an annual fee, but they basically have an annual fee-free policy. For example, CCB can be exempted as long as it is brushed three times a year; But if you don't swipe your card to the bank the specified number of times within a year, you need to charge an annual fee.

Step 5 steal brushes

Credit cards are basically password-free by default, so when they are lost or stolen, they are easily stolen by others, causing unnecessary troubles or losses;

But in fact, credit cards can also be charged by passwords-it depends on how you manage your credit cards. Of course, many people have not cancelled their credit cards because of their lack of experience in this field, and some lawless elements have reapplied for credit card overdraft, which is not worth it.

6, affect personal credit records

Long-term malicious default will naturally affect personal credit records and even be blacklisted by banks. If you want to borrow money from the bank to buy a house and a car in the future, you may be rejected by the bank.

7, repayment trouble

Going to the bank every month is often overcrowded, and online repayment is not suitable for everyone.

Baidu encyclopedia-credit card