Credit card cash withdrawal is a function that many cardholders will use. It allows cardholders to withdraw cash to meet their urgent needs when they are in urgent need of cash flow. However, in the process of withdrawing cash, there is often a handling fee involved. How much is the specific fee? Let me give you an introduction using the Industrial Garfield Credit Card as an example. The Garfield credit card*** issued by Industrial Bank comes in two forms, one is a card set form, which contains one standard-size card and one special-shaped card; the other is the ordinary form, which has only one standard-size card. One thing to note here is that due to the small size of the special-shaped cards in the card set, they cannot be used in automatic teller machines (ATMs), automatic deposit machines (CDM/CDS) and card-type terminals. If you need to withdraw cash, you can only use the set. Standard size cards in the card operate. There will inevitably be two fees involved in the process of withdrawing cash, one is the handling fee and the other is interest. Industrial Bank's credit card cash withdrawal handling fee is charged at 2% of the transaction amount, with a minimum of RMB 20 per transaction, and interest is charged based on the daily expected annualized interest rate of 0.5% from the day of cash withdrawal. Industrial Garfield Credit Card

For example, card friend Xiaoyi uses Industrial Garfield Credit Card to withdraw 5,000 yuan in cash from an ATM. She plans to repay the transaction in 20 days, so the amount she needs to repay = 5,120 yuan. The calculation method is as follows: Cash advance transaction: 5,000 yuan Handling fee: 5,000 yuan × 2 = 100 yuan Revolving interest: 5,000 yuan × 0.05 × 20 days (accounting day to repayment date) = 50 yuan