Is there any interest on cash transfer by credit card?
Credit card cash transfer and ATM cash withdrawal are actually the same thing, both of which belong to credit card pre-borrowing cash business, except that one is physical cash withdrawal and the other is online cash withdrawal. As we all know, credit card cash withdrawal carries interest, and credit card cash transfer is no exception.
Credit card cash transfer charges are the same as cash withdrawal. Interest is charged on a daily basis, with a daily interest rate of five ten thousandths. In addition, there will be a handling fee, which is charged at 0%~3% of the cash withdrawal amount of 65438+. However, it should be noted that not all cash transfers will generate interest, depending on whether the amount is in the credit card or overpaid.
For example, some people pay more money when they return their credit cards, or directly use the credit card as a savings card to save money, and then cash out the money that exceeds the credit card limit and transfer it to the bank card. This is an overpaid cash transfer, and you get your own money back without paying interest, but the handling fee may be inevitable.
How to return it in advance?
Only cash transfers within the limit need to be repaid, and cash transfers that are overpaid do not need to be repaid. The former must repay the total amount of cash withdrawn and the expenses and interest incurred. Most people will wait until the bill comes out, but they can also pay back the money before the bill date.
The cardholder logs into the credit card APP, clicks on the unpaid bill in the repayment interface, and can see the arrears that need to be repaid, and then transfers the money to the credit card for repayment through bank card transfer.