What is the reason why you cannot withdraw money from your credit card?

Credit cards have the function of withdrawing cash, but they also charge handling fees, and there are certain restrictions on the amount of cash you can withdraw. So what’s the reason if you have money in your credit card but can’t withdraw it?

1. There is no withdrawal function enabled: Each card is an independent entity. Before using a credit card, users need to activate the withdrawal function. With the withdrawal function, users can withdraw money from automatic teller machines. The credit card withdrawal function is not enabled, so users naturally cannot withdraw money.

2. The withdrawal limit exceeds the available limit: Every credit card handled by a bank will have limit regulations. Some bank credit card limits are relatively low. If the user withdraws more than the credit card itself, the amount will naturally be withdrawn. Unable to pay. Moreover, you don’t just have to withdraw as much as you want. This depends on the regulations of each bank.

3. Credit card blocked: If your credit card is blocked by the bank, your cash withdrawal will also be unsuccessful. Generally, its 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 two methods: overdraft cash withdrawal and overpayment cash withdrawal. Overdraft withdrawals require interest, while overdraft withdrawals do not.

4. Bank restriction policy: Generally, banks want you to use your credit card to spend more, rather than withdraw cash. Therefore, almost every bank's credit card has a limit on how to withdraw cash every day, usually 2,000 yuan. After that, you will not be able to withdraw cash on the same day.

You have money on your credit card but cannot withdraw cash. This reason is not unilateral, but caused by multiple reasons. You can consult the staff.

The credit card has a balance but cannot be withdrawn

If the credit card can be used normally but the money stored in it cannot be withdrawn, there are two main reasons:

1. The cardholder did not activate the withdrawal function of the credit card when applying for the credit card. Because the main function of the credit card is overdraft consumption, you can choose whether to activate the cash withdrawal function of some credit cards. Therefore, if you cannot withdraw the money from the credit card, you may go to the bank to check. Whether the withdrawal function is enabled.

2. Credit card withdrawal limits are limited, and different banks have different limits on credit card withdrawal limits. If there is money in the credit card but cannot be withdrawn, it may also be because the withdrawal limit has been used up, which means that the money in the card cannot be withdrawn and can only be consumed by swiping the card.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard [.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

I can’t withdraw money from my CCB credit card, why?

Because of the limitations of the authority.

Credit card domestic cash withdrawal limit:

Credit card overdraft withdrawals generally do not exceed 50% of the user's credit limit (cash withdrawals, cash transfers, cash installments***), and do not exceed the card's current Available credit.

Overdraft cash withdrawals do not enjoy interest-free repayment treatment.

According to the regulations of the People's Bank of China, when withdrawing cash through the UnionPay network in China, the cumulative daily cash withdrawal amount per card through counter channels and self-service machine (such as ATM) channels shall not exceed 30,000 yuan, of which the daily cash withdrawal amount per card through counter channels shall not exceed 30,000 yuan. The overdraft cash withdrawal limit is 20,000 yuan, and the daily overdraft cash withdrawal limit for each card through self-service machine (such as ATM) channels is 10,000 yuan.

Extended information

The actual amount that the user can withdraw will be affected by the card limit and usage. If users need to withdraw excess payment that exceeds the limit control, please go to the counter of a China Construction Bank branch to handle it.

Credit card cash advances include cash withdrawals, cash transfers and cash installments. For cash withdrawals, cardholders obtain funds within the credit card's cash advance limit in the form of cash through our bank's business outlets and electronic channels.

The amount of arrears arising from the cardholder's cash advance transaction shall not exceed the cash advance limit, which generally shall not exceed 50% of the cardholder's credit limit approved by the Bank.