In addition to overdraft consumption, credit cards can also be withdrawn for use. Generally, cash withdrawal is to withdraw the credit limit of a credit card through a bank ATM or a counter. The withdrawal amount can be used for arbitrary consumption and transfer payment. There is a handling fee for cash withdrawal by credit card, so how to deduct the handling fee for cash withdrawal by credit card? Let's get to know each other.

How to deduct the handling fee for credit card withdrawal?

Credit card withdrawal fee is deducted directly from the credit limit of the credit card, not from the withdrawal amount. The cash withdrawal fee is charged at 1% of the cash withdrawal amount. Generally the lowest 2 yuan, the highest 100 yuan. For overseas cash withdrawal, the handling fee is 3% of the cash withdrawal amount, with a minimum of $3.

When the credit card is withdrawn, the withdrawal fee is deducted from the credit line, and the withdrawal amount is still an integer. Assuming that the domestic withdrawal amount of the user is 5,000 yuan and the handling fee is 50 yuan, the credit line of the credit card will be directly reduced by 5,050 yuan, and the withdrawal amount is still 5,000 yuan. In addition to the handling fee, credit card withdrawal also charges interest, calculated on a daily basis, and the general daily interest rate is 0.05%.

It should be noted that there is also a limit to cash withdrawal by credit card, and the maximum amount cannot exceed 50% of the credit line. The withdrawal amount cannot be paid in installments or the minimum repayment amount, and the repayment needs to be completed from the bill to the final repayment date.