Credit cards can be used to withdraw money from ATMs.

Withdrawing money from a credit card is also called cash withdrawal or cash advance, and it can be divided into two situations: credit limit withdrawal and overflow deposit withdrawal. Credit limit cash withdrawal is also called overdraft cash withdrawal, which is to withdraw cash by overdrafting the credit card limit. Withdrawal of excess deposit is to withdraw cash from the funds stored in the credit card or the funds overpaid during repayment.

No matter what kind of cash withdrawal, you will have to pay a handling fee. The handling fees for credit card withdrawals are very high, and different banks have different handling fee regulations.

In addition, interest will accrue when withdrawing cash from an overdraft credit card limit, calculated from the day of withdrawal, and compound interest will be charged monthly until the borrower pays off the cash withdrawal amount. In addition, when you withdraw money with a credit card, you can generally withdraw 50% of the credit limit of the card. For example, if your credit card credit limit is 10,000 yuan, you can withdraw 5,000 yuan in cash.

Extended information:

Domestic

If there is a UnionPay logo on the current credit card, it means that the card has joined the China UnionPay organization. Cardholders can use it anywhere with the UnionPay logo. Withdrawing cash at ATMs

Overseas

Except for Hong Kong, Macao and Taiwan, there are many countries where the UnionPay system is not popular, so most overseas cash withdrawals require going through the international card organization channels. This depends on It is easy to tell whether the card you hold is an international card. Just look at whether there is a logo of a credit card organization such as Visa or Master in addition to UnionPay on the credit card.

Reference materials:

Credit card cash withdrawal - Baidu Encyclopedia