How to withdraw cash from CITIC Bank credit card on mobile phone?
The methods for withdrawing cash with CITIC Bank credit cards are:
1. Cash withdrawal at the counter: You can withdraw cash at the counter at any CITIC Bank branch with your credit card and your valid ID and credit card transaction password. .
2. Withdraw cash from CITIC Bank ATMs: You can withdraw cash from CITIC Bank ATMs without inter-bank handling fees.
3. Withdraw cash from other banks’ ATMs: If you can withdraw cash from banks affiliated with UnionPay’s card-issuing organizations, you can withdraw cash from ATMs with corresponding logos at home and abroad;
4. Cash withdrawals from other banks’ counters Cash withdrawal: You can withdraw cash at bank counters that are part of the UnionPay system. You can also withdraw cash at bank counters with corresponding logos overseas (including UnionPay, VISA, MasterCard, JCB, American Express, etc.).
It was established by the bank to meet the urgent needs of cardholders for cash. The current charging standards are very high. A handling fee of 1-3% will be deducted immediately. The amount of cash withdrawal is based on the daily interest rate of RMB 10,000. Interest is calculated on a five-quarter basis and compounded monthly. So don't use the feature except in emergencies.
But now there are people in society who use credit cards at POS machines to withdraw cash. to circumvent credit card cash-out restrictions.
Extended information:
It is one of the inherent functions of the credit card itself. The cardholder can use the credit card to advance cash from the bank. The process of using the credit card to withdraw cash is called. But now there are people in society who use credit cards at POS machines to withdraw cash to circumvent the restrictions on cashing out on credit cards.
(Cash withdrawal) is different from credit card cash out. It is one of the inherent functions of the credit card itself. The cardholder can use the credit card to advance cash from the bank. The process of using the credit card to withdraw cash is called.
It was established by the bank to meet the urgent needs of cardholders for cash. The current charging standards are very high. A handling fee of 1-3% will be deducted immediately. The amount of cash withdrawal is based on the daily interest rate of RMB 10,000. Interest is calculated on a five-quarter basis and compounded monthly. So don't use the feature except in emergencies.
Bank industry insiders pointed out that there are three main reasons for the increase in credit card risks:
First, because the credit card business itself is in a period of rapid growth, with the substantial growth in credit card consumption and overdrafts, non-performing loans have Loan balances increased simultaneously.
Secondly, affected by the economic downturn, some industries have experienced closures, layoffs, salary cuts, etc., as well as an increase in overdue credit card accounts and an increase in non-performing overdrafts.
Thirdly, according to relevant domestic policies, it is difficult to write off non-performing credit card loans independently, which is also one of the reasons for the increase in the balance of non-performing loans year by year.