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Credit card users who have withdrawn cash on a credit card can repay the same online and offline.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 the amount you have withdrawn starts incurring interests from day one.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.

Popular Links

Related Q&A

Credit Card By Bank

Credit Card Customer Care

Personal Loan Customer Care

Home Loan Customer Care

Popular Bank IFSC Codes

Gold Rate Today

Silver Rate Today

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application

Mastercard
Visa
Rupay
SafeKey
thawtr
Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

Copyright © 2024 CreditMantri