Withdrawing cash from a credit card has more disadvantages than advantages. Its only advantage is that it can meet your cash needs in an emergency.

Credit Card Cash Withdrawal: In the era of online shopping and EMI, the trend of credit cards has increased rapidly. Credit cards not only solve the problem of money in difficult times but also give you the convenience of shopping according to your pocket.

Credit cards have many advantages. Credit cards also give users many types of offers, discounts, and reward points, due to which shopping becomes cheaper for users many times. At the same time, many credit cards also offer reward points and cashback on buying fuel.

While credit cards give users the convenience of shopping, it can also cause big trouble due to your slightest negligence. In such a situation, credit cards should be used very carefully.

Actually, credit cards also give us the facility to withdraw cash directly from ATM. However, if you withdraw cash from a credit card without knowing the rules, you may have to face trouble and regret it later.

The limit of withdrawing cash from a credit card is decided according to the limit of your card. Most banks allow withdrawal of 20 to 40 percent of the credit card limit.

However, there are more disadvantages than advantages to withdrawing cash from a credit card. Its only advantage is that it can meet your cash needs in an emergency. Very few people know that a heavy charge is levied on you for withdrawing cash from a credit card.

Withdrawing cash from a credit card also affects your CIBIL score. In such a situation, if you withdraw cash from it repeatedly, then be careful. Apart from this, many types of charges are levied on you for withdrawing cash.

Usually, 2.5 to 3 percent of the transaction amount is charged separately from the credit card. Apart from this, transaction fees are also levied on cash withdrawal. Apart from this, interest on cash starts from the date of withdrawal which can be 2.5 to 3.5 percent on half monthly basis.