What's the difference between credit card withdrawal limit and credit limit?
1 has different meanings.
Credit limit refers to the maximum amount that a cardholder can overdraw by using a credit card, which is also called the available overdraft limit. Cardholders can swipe their cards at will within the limit. Cash withdrawal limit refers to the maximum amount that can be overdrawn by using a credit card.
2 different requirements
After using the credit line of a credit card, you can apply for installment repayment; After using the withdrawal amount, it needs to be paid off in one lump sum on the repayment date of the bill, and it is not allowed to apply for installment.
3 different interest-free periods
The credit line can enjoy an interest-free period without paying interest within the specified time; However, the use of the withdrawal amount requires the payment of handling fees and interest.
The above is the difference between credit card withdrawal amount and credit limit, but generally speaking, the withdrawal amount of most bank credit cards is 50% of the credit limit, and the withdrawal amount of many credit cards is 100% of the credit limit, depending on the type of credit card.