Yes, you can! But it can cost you a lot. Primarily, a credit card comes with a loaded credit limit up to which you can do any transactions. If you need immediate cash and don’t have money in your bank account, you can use your credit card at any ATM and withdraw cash. The withdrawal is allowed only up to a certain limit of your overall credit limit. Withdrawal will incur a fee of up to 3% of amount withdrawn. Moreover, interest is charged from the day you withdraw the amount.

If the required amount is huge, you may approach the credit card issuer for a loan against your credit card. This loan can be repaid in longer tenure than the usual 45 to 55 days of bill cycle. However, it will incur higher interest rate which is applicable from the day of obtaining the cash advance. The loan processing is quick with less paperwork as the lender would already have information about your credit activities.

You must also be aware that this loan is offered to individuals based on eligibility. You should not have defaulted on past credit card bills and other criteria may include your credit usage, repayment track record, etc.