A credit card is a bank card that the bank grants the cardholder a certain credit line and overdraft function. With the credit card, the cardholder can realize the consumption mode of spending first and then repaying. So, can I use a credit card to withdraw cash? Take China Merchants Bank as an example. Let's take a look with Xiaobian.

how to withdraw cash from China merchants bank's credit card?

1 offline channel, namely counter channel. Cardholders can bring their valid personal identity documents and credit cards to the counter of China Merchants Bank's offline outlets to handle the cash advance business of credit cards.

2 online channels, such as mobile banking APP. The cardholder logs into the mobile banking APP and searches for "advance cash" in the homepage column for processing. In addition, for taking out the extra funds in the credit card, you can understand the overpayment through the pocket life of China Merchants Bank.

The following are the charging standards for cash advance by China Merchants Bank's credit card:

1. Handling fee

1% for each transaction in China, with a minimum of RMB 1/transaction;

3% for each transaction abroad (including Hong Kong, Macao and Taiwan), with a minimum of RMB 3/transaction or $3/ transaction (for centurion cards, with a minimum of RMB 3/transaction or $ The maximum single handling fee is ￥3/$5.

2 Interest

Cash advance transactions do not enjoy interest-free repayment period, and the daily interest rate is .35%-.5%, with compound interest on a monthly basis. Annual interest rate = daily interest rate *365, and annualized interest rate is 12.775%-18.25%.

in addition, there is a certain limit to cash advance by credit card. The amount that can be applied for cash advance is included in the credit line, generally, the maximum amount does not exceed 5% of the fixed amount, and the minimum amount is 1 yuan (inclusive), and adjustment is not supported.