Credit Card Cash Withdraw Rules: Before withdrawing cash from a credit card, you should know about these rules. Otherwise, you will suffer a huge loss while withdrawing cash.

There was a time when people did not have money. So they had to borrow money from others. But now the environment has changed. Now if people do not have money in their account. So there is no need to ask others. People can withdraw money despite this.

When there is no money in the account, people can use a credit card. In today's era, almost everyone has a credit card. With the help of a credit card, you can do shopping even if there is no money in the account. So you can also withdraw cash by using it.

But before withdrawing cash from a credit card, you should know about its rules. Otherwise, you will suffer a huge loss while withdrawing cash. Let us tell you what things to keep in mind.

Let us tell you that if you withdraw money from a credit card, then you have to pay a high interest rate for it. As soon as you withdraw cash from a credit card, interest starts being paid on it which can be from 36 to 48% per annum.

Apart from this, you also have to pay a cash advance fee for withdrawing cash from a credit card. Which can be from 2.5% to 3.5%. That is, if you withdraw Rs 10,000. Then you may have to pay Rs 250-350 for this.

If you make any transaction with a credit card. Then you get a grace period of 45 to 50 days. But when you withdraw cash. Then you do not get this facility. The day you make a cash transaction. From the same day, interest starts being paid on it.

If you mostly make cash transactions with a credit card. Then it can have a negative impact on your CIBIL. When you withdraw cash from your credit card, keep these things in mind. Otherwise, you will become bankrupt.