The cash withdrawal charges for Guangfa Bank’s credit cards mainly include handling fees and interest. The specific charging standards are as follows:

1. Handling fee:

The handling fee for cash withdrawal by Guangfa Bank's credit card is 2.5% of the cash withdrawal amount, with a minimum charge of RMB 10. In other words, if you withdraw 1,000 yuan in cash, the handling fee is 25 yuan; if you withdraw 500 yuan in cash, the handling fee is also 10 yuan. It should be noted that the handling fee is charged on a per-transaction basis, which means that if you withdraw cash multiple times, a handling fee will be charged each time you withdraw cash.

2. Interest:

The interest on cash withdrawals from China Guangfa Bank's credit cards is calculated on a daily basis. The interest rate is 0.05% of the daily interest rate, and compound interest is calculated on a monthly basis. Suppose your credit card statement is on the 5th of every month and the final payment date is on the 25th of every month. If you withdraw 1,000 yuan in cash on March 20, interest will be calculated from the date of withdrawal until you pay off the balance.

Assuming you don’t pay off the cash withdrawal until April 25, the interest is calculated as follows:

-From March 20 to March 31, ***12 days , the interest is 1,000 yuan × 0.05% × 12 = 6 yuan;

-From April 1 to April 25, ***25 days, the interest is 1,006 yuan × 0.05% × 25 = 12.65 Yuan.

The total interest is 6 yuan + 12.65 yuan = 18.65 yuan.

It should be noted that in addition to charging handling fees and interest, credit card cash withdrawals may also affect your personal credit record, so it is recommended to avoid frequent cash withdrawals. If there is an urgent need, repay the loan as soon as possible to reduce interest expenses.