Cash-out refers to the false consumption behavior that you use ICBC credit card to swipe your card on the POS machine, and then the POS cardholder returns the cash to you in the form of seeking benefits and charges a certain fee, which is called credit card cash-out! You will have an interest-free repayment period of 25-56 days. If it is on 1 day of each month (and 56 days in the current month and 55 days in the current month), it is a 56-day interest-free repayment period. If you cash out on the last day of each month, there is only 25 days interest-free repayment period!

Cash withdrawal refers to the act of withdrawing cash at ATM or bank counter with ICBC credit card. This is a normal credit card function, but there is no interest-free repayment period, and interest will be charged at 0.5 ‰ of your overdraft amount (0.5 ‰ per day), that is, 1 000 yuan, 50 cents per day.

Cash-out is cost-effective, but if you continue to cash out in large amounts for a long time, the bank will reduce your credit limit or cancel your card qualification! If you need money urgently and the amount is large and can't be paid off for a long time, I suggest you cash out at the beginning of the month and then pay by installments!

For example, you need 20 thousand yuan.

You withdraw 20,000 yuan in June 1, and dial 95588 according to your repayment ability on July 24th to handle installment payment (all installment interest needs to be deducted in advance for installment payment), and the first payment will be made on August 25th! Can reduce your repayment pressure!