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The procedure fee for cash advance varies according to the regulations of each issuing bank. Generally, it is 3.5% of the total cash advance each time or the lowest 1 yuan. If you use the telephone to advance cash, you will have to pay NT$3 remittance fee.
the calculation method of advance cash interest is from the date of advance cash allocation, and the total amount of advance cash is calculated daily at .547% of daily interest until the bank receives the full amount.
generally speaking, the amount of cash that can be borrowed in advance is one-third to the full amount of the credit line, and the total amount with the total amount signed shall not exceed your credit line, and some banks have restrictions on the amount of cash that can be borrowed in advance every day. You can get cash quickly without any guarantee within the limited amount.
consult with the designated banks or five-star hotel counters that issue VISA/MasterCard worldwide.
withdrawal from ATM: to withdraw cash from an ATM with a PLUS logo (for VISA card) or a Cirrus logo (for MasterCard), you only need to insert your credit card, enter your personal identification number (PIN) and advance cash amount according to the ATM operation steps. Your cash advance password will be issued by the issuing bank.
The handling fee for cash advance varies according to the regulations of each issuing bank, and it is generally 3.5% of the total cash advance or the lowest NT$ 1 yuan. If you use the telephone to advance cash, you will have to pay an additional remittance fee of NT$3.
the calculation method of advance cash interest is from the date of advance cash allocation, and the total amount of advance cash is calculated daily at .547% of daily interest until the bank receives the full amount.
Note:
Although you can withdraw cash by credit card, please don't use the cash advance function in non-emergency situations, because the cost of using the cash advance function by credit card is very high.
firstly, there is no interest-free repayment period for cash borrowed by credit card, and interest will be calculated from the day you withdraw the cash;
Second, the interest on cash borrowed in advance is very high, with a daily interest rate of .5 ‰ and compound interest!
thirdly, the handling fee is very high, which is generally more than 1%, and it is charged at one time. In addition, in general, there is no bonus for cash advance.
in addition to these, there is a limit on the amount of cash advance. For most banks, the amount of cash advance is about 5% of the credit line.
to sum up: use the cash advance function of credit card carefully. Once used, please pay back as soon as possible to avoid paying high interest.