Hello! CMB credit card cash advance will incur corresponding fees and interest.
Overseas (including Hong Kong, Macao and Taiwan) cash advance fees are calculated at 3% of the amount of each cash advance, and the minimum fee is ￥30 yuan or $3 US dollars per transaction.
Interest: Cash advance transactions do not enjoy interest-free repayment treatment. Interest will be charged at a daily interest rate of 5/10,000 from the transaction date to the repayment date, and compound interest will be charged on a monthly basis. Compound interest, that is, the interest accrued last month, will also be calculated as interest.
The cash advance limit is set according to your card usage. It is included in the credit limit of your credit card. The cumulative amount of cash withdrawals generally does not exceed 50% of your credit limit. Please call your credit card 24 hours for the specific limit. Customer service hotline inquiry. In addition, according to the relevant regulations of the People's Bank of China, the daily limit for cash withdrawals with our bank's credit cards (except cards with special regulations, such as most financial and official cards) through UnionPay lines is RMB 2,000 or the equivalent in foreign currency. The cumulative daily cash withdrawal amount for each account overseas through non-UnionPay lines shall not exceed the equivalent of US$1,000, the cumulative amount within one month shall not exceed the equivalent of US$5,000, and the cumulative amount within six months shall not exceed the equivalent of US$10,000.
Cash withdrawal transactions accrue compound interest on a monthly basis, that is, the interest accrued last month will also be recalculated. For example: you withdrew RMB 1,000 in cash last month, with a handling fee of RMB 10 and an interest of RMB 15. If you repaid RMB 1,025, the interest will be calculated based on RMB 15 as the principal next month until it is paid off. Our bank will also calculate interest (compound interest) on the interest generated by withdrawing cash. When you withdraw cash, you will generally pay interest in three periods. The first period: the period from the date of your withdrawal to the statement date, the second period: the period from the date of your statement to the date of repayment. The third period: It is compound interest. For the specific interest, please refer to the amount on the bill in each period.
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