Comparison of cash withdrawal fees for credit cards of 5 banks. The credit cards you have may come from multiple banks and are not very uniform. Based on the coverage of bank outlets, we have compiled Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Communications Bank. The table of credit card cash withdrawal fees (domestic) of banks and China Guangfa Bank has been briefly compiled for everyone based on the data provided by the customer service of these five banks. Specifically, whether it is counter operations or self-service equipment operations, we use the card-issuing bank branch data as allow. Taking China Guangfa Bank as an example, if you withdraw 1,000 yuan in cash with a credit card of China Guangfa Bank, the handling fee for the cash withdrawal is 1,000* yuan, and the interest generated by the cash withdrawal for one month is 1,000* yuan. Then the total cost for withdrawing 1,000 yuan per month is 40 yuan! The above-mentioned banks all have some standards for credit card cash withdrawal fees in the country, which are compiled based on the customer service data of these banks.
What are some ways to reduce cash withdrawal fees? Generally speaking, credit card withdrawal fees are relatively high, and a monthly fee of 1,000 yuan and 40 yuan is considered a lot. Of course, some friends have no choice but to use credit cards to withdraw cash. This usually happens when they are in urgent need of money. When this happens, don’t worry, there are some ways to reduce some fees!
1. Withdraw cash through self-service terminals. Take Bank of China as an example. Although it still charges a handling fee of 1% of the principal when withdrawing cash at self-service terminals, the starting price is lower, starting at 8 yuan. Friends who want to withdraw small amounts of cash can try this method. If you can reduce the fee, let it be smaller.
2. Compare cash withdrawal rates from multiple banks. If you have multiple credit cards that you can use to withdraw cash, you might as well make a horizontal comparison. For example, the cash withdrawal rate of China Guangfa Bank is much higher than that of the other four banks. If you withdraw a larger amount of cash, it is not convenient to use Guangfa Credit Card to withdraw cash. It's a good deal. Of course, the bank will not charge you fees as long as you withdraw cash. Some banks, such as ICBC and China Construction Bank, have overpayments on their credit cards. The bank will not charge you a handling fee when you withdraw the money. . However, there will still be some banks that may charge handling fees for overpayment as long as the cash is withdrawn through a credit card, which varies from bank to bank. Some people will say that cashing out with a credit card is not much more cost-effective than withdrawing cash. Of course, from a cost perspective, cashing out with a credit card is indeed more affordable. However, banks have always maintained a relatively strict attitude towards cashing out. It is very likely that the bank will target you and conduct risk control on your card. If your card is blocked and the limit is reduced, then everyone will be more depressed. Credit card withdrawal fees are relatively high, and cashing out can easily be targeted by banks. If you are really in need of money, you should carefully calculate which method is the least expensive. It is best to develop the habit of saving and managing money. If you need money urgently, you will still have savings to put out the fire.