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The credit card cash withdrawal facility allows credit cardholders to withdraw cash using their credit cards at the bank’s ATM. As credit cards are typically used for online or PoS transactions, the cash withdrawal facility is an additional feature offered by the banks. Users can withdraw cash as per the limits set by the card issuer and repay the same combined with interest and other fees.

Credit card users who have withdrawn cash on a credit card can repay the same online and offline.

For online repayment

  • Users can visit the website of your credit card issuer/bank and repay the due amount using payment cards, mobile wallets, UPI, net banking, etc.

For offline repayment

  • Visit the nearest branch of the credit card provider and repay using cash or cheques.

Important Tips to Note:

  • Most credit card issuers allow customers to withdraw cash from any ATM. The limit of cash withdrawals from ATMs are mostly fixed and may vary across card issuers. Cash withdrawal is a form of loan and it attracts interest charges.
  • Unlike regular credit card transactions, cash withdrawals do not come with an interest-free period. the amount you have withdrawn starts incurring interests from day one.
  • Besides the interests, there are also other charges levied like cash advance fee, finance charges, etc. So, using your credit card to withdraw cash can be expensive.
  • Cardholders must be aware that cash withdrawals from credit cards incur a hefty interest fee if they fail to repay on time. It is ideal to withdraw cash from credit cards only in case of emergencies and also repay the same on time to avoid interest fees.
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