The methods for withdrawing cash with CITIC Bank credit cards are:

1. Cash withdrawal at the counter: You can withdraw cash at the counter at any CITIC Bank branch with your credit card and your valid ID and credit card transaction password. .

2. Withdraw cash from CITIC Bank ATMs: You can withdraw cash from CITIC Bank ATMs without inter-bank handling fees.

3. Withdraw cash from other banks’ ATMs: If you can withdraw cash from banks affiliated with UnionPay’s card-issuing organizations, you can withdraw cash from ATMs with corresponding logos at home and abroad;

4. Cash withdrawals from other banks’ counters Cash withdrawal: You can withdraw cash at bank counters that are part of the UnionPay system. You can also withdraw cash at bank counters with corresponding logos overseas (including UnionPay, VISA, MasterCard, JCB, American Express, etc.).

Credit card cash withdrawals are established by banks to meet the urgent needs of cardholders for cash. The current charging standards for credit card cash withdrawals are very high. When withdrawing cash by credit card, a handling fee of 1-3 will be deducted immediately. Interest will be calculated on the amount based on the daily interest rate of 0.05%, and compound interest will be calculated on a monthly basis. So please do not use the credit card cash withdrawal function except in emergencies.

But now there are people in society who use credit cards to withdraw cash by swiping their cards at POS machines. to circumvent credit card cash-out restrictions.

Extended information:

Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to advance cash from the bank. The process of using the credit card to withdraw cash is called credit card cash withdrawal. . But now there are people in society who use credit cards to withdraw cash by swiping their cards at POS machines to circumvent the restrictions on credit card cash withdrawals.

Credit card cash withdrawal (cash withdrawal) is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. The cardholder can use the credit card to advance cash from the bank. The process of using the credit card to withdraw cash is called credit card cash withdrawal. .

Credit card cash withdrawals are established by banks to meet the urgent needs of cardholders for cash. The current charging standards for credit card cash withdrawals are very high. When withdrawing cash by credit card, a handling fee of 1-3 will be deducted immediately. Interest will be calculated on the amount based on the daily interest rate of 0.05%, and compound interest will be calculated on a monthly basis. Therefore, please do not use the credit card cash withdrawal function except in emergencies.

Bank industry insiders pointed out that there are three main reasons for the rise in credit card risks:

First, because the credit card business itself is in a period of rapid growth, with the substantial growth in credit card consumption and overdrafts, NPLs Loan balances increased simultaneously.

Secondly, affected by the economic downturn, some industries have experienced closures, layoffs, salary cuts, etc., as well as an increase in overdue credit card accounts and an increase in non-performing overdrafts.

Thirdly, according to relevant domestic policies, it is difficult to write off non-performing credit card loans independently, which is also one of the reasons for the increase in the balance of non-performing loans year by year.

Baidu Encyclopedia-Credit card cash withdrawal