At present, credit card withdrawal fees mainly include two categories, namely, fees and interest.
1. Handling fee
The credit card withdrawal fee is charged according to each transaction, calculated according to each transaction in China, with a minimum charge of 1% for each transaction. Overseas (including Hong Kong, Macao and Taiwan) is calculated at 3% of each transaction, and the minimum charge is 30 yuan/transaction.
Step 2: Interest
Cash withdrawal by credit card charges interest on a daily basis, with a daily interest rate of 0.5 ‰, that is, 65,438 yuan+0,000 yuan for cash withdrawal, which charges 5 yuan interest.
In other words, if you withdraw 2000 yuan by swiping your card on February 0, 65438, you will have to charge a one-time handling fee, 20 yuan. Suppose you repay the loan on 65438+February 0, generating interest of 20005% 10 = 10, which adds up to 2030 yuan.
It should be noted that the extra money in the credit card will also be charged a handling fee, but no interest will be charged. In addition, there may be slight differences between banks, subject to the actual deduction.
Precautions for credit card use:
1, don't disclose information.
Don't disclose personal information to others easily, including your ID number, bank code and other information, and don't give your bank card and credit card to others for use. If you have any questions and need to report the case, please go to the bank and other financial departments in person or report the case to the local public security organ. Don't call the police according to the phone number provided by the suspect.
2. Pay attention to the safe use of online banking.
Install necessary anti-virus and anti-Trojan software and online banking security controls, confirm that you are logging in to the real bank website, do not easily receive strange files, and do not easily use other people's computers to log in to online banking.
3. Be vigilant when using self-service bank.
At present, the door of self-service bank has been gradually transformed into a button-open type. When withdrawing money from the self-service bank, if you find suspicious equipment at the entrance and exit of the self-service bank or prompt "Confirm by password", don't swipe your card and enter the password, and report to the bank and the public security organ in time.
4. Pay attention to separate the card from the ID card.
In life, many people put their ID cards and bank cards together. Once lost or stolen, the cardholder's funds are likely to be lost.
5. Is the consumption a UnionPay POS machine?
Confirm whether it is a UnionPay POS machine when swiping the card, and sign the shopping settlement bill after swiping the card. At the same time, you should also pay attention to whether there is duplication to prevent the returned bank card from being exchanged. In addition, the signature style should be as consistent as possible with the signature on the card.
6. Open banking business
Try to open the instant messaging service of the bank, so that you can grasp the consumption and withdrawal information of your bank card more conveniently and timely.
7. Protect the bank card password.
It is a man-machine conversation process when using bank cards to spend or withdraw money. Once the password is correct, the machine will run by default. Many cards have the same initial password, such as a string of 6 and a string of 8. Passwords should be reset in time, so as not to provide opportunities for criminals.
8. Pay attention to whether there are suspicious cameras.
When operating an ATM machine, if you see some small notes stuck on the side, such as an emergency notice, indicating that the machine is broken, please be vigilant when asking the cardholder to call or provide password information, and don't be fooled.
How to withdraw cash by credit card
How to withdraw cash by credit card
In addition to the overdraft function, credit cards can also borrow cash in advance. If credit card users need funds, then the easiest way to borrow money is to use. The general limit is 50% of the credit line. For example, if the credit limit of a credit card is 20,000 yuan, then the maximum withdrawal limit is 10000 yuan. Many people still don't know the exit operation. Credit card users can mainly withdraw cash in the following ways.
1, ATM cash withdrawal.
Credit card users can directly insert their credit cards into the bank's ATM and then withdraw cash. Withdrawal operation is the same as bank card withdrawal operation. If the withdrawal is successful, the user only needs to pay off the arrears before the final repayment date stipulated by the bank.
2. Cash in advance at the bank counter. Credit card users can withdraw cash directly at the bank counter with their credit cards, and they need a credit card password to withdraw cash. If users withdraw cash overseas, they need to bring their valid ID card and credit card to the bank counter marked visa or MasterCard to withdraw cash.
3. Withdraw cash through online banking or mobile banking. At present, some banks support mobile banking and online banking to withdraw cash. Users only need to bind a debit card and withdraw the credit card amount to the debit card according to the steps.
Credit card withdrawal skills
As we all know, credit card borrowing cash in advance has high interest rate. From the date of cash withdrawal, the bank will charge interest at the rate of 0.5 ‰ per day. If the user can't pay off in time, compound interest will be calculated. If you are not careful, you may face compound interest. In addition to paying interest, some banks will also charge a cash withdrawal fee, which is usually more than 1%. Different banks have different rules. Although the use fee is relatively high, there will still be people.
1. If you withdraw cash by credit card, the bank's interest charge is the same, but the handling fee will be different. Some credit cards, such as ICBC credit card, will be free of charge if you use ICBC credit card to withdraw cash from our bank.
2. Interest is calculated on a daily basis. Users are advised to repay as soon as possible after withdrawing cash, which will generate less interest. On the contrary, the longer the borrowing time, the higher the interest.
3. At present, bank credit cards also provide "cash installment", and users can withdraw cash through "cash installment", so that users only need to pay installment fees.
How to withdraw cash from a credit card?
There are many correct ways to withdraw money by credit card, such as ATM withdrawal, bank counter withdrawal, and transferring credit card quota to bank card through mobile banking and online banking. These methods will not cause risk control, and they are also the correct withdrawal methods for credit cards.
In addition to the above methods, credit cards also have indirect cash withdrawal methods. For example, users use credit cards to help relatives and friends buy things online, and relatives and friends will pay cash to users after receiving things, which is also considered successful. Of course, this method is risky, and friends may owe you money.
There are two ways to use a credit card.
1. Cash withdrawal by credit card See if your credit card has the cash withdrawal function. Generally, credit cards have a cash withdrawal limit, which can be withdrawn directly at ATM or counter.
If there is no withdrawal amount, then if you want to withdraw cash, you can propose it in two ways. The first one is in the credit card APP, or call customer service to ask about the withdrawal amount.
The second method is to brush T with a credit card machine.
Due to the convenient payment method of credit card, there are more and more credit card users, so the phenomenon of credit card cashing is increasing. So how do you get the money out of your credit card? Let me tell you something. 1. You need to pay handling fee and interest to withdraw cash by credit card. The handling fee for cash withdrawal is generally 0.5% of the cash withdrawal amount, while the interest is calculated on a daily basis, and the daily interest rate is about five ten thousandths. 2. Take out the extra money from the credit card and transfer it to the colleague's savings card. This time it's not free, and it needs a certain handling fee, usually 0.5%-3%. 3. You can also transfer money to the UnionPay passbook of any bank at the designated bank ATM in the designated city, but you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. 4. According to the cardholder's credit limit and card usage record, the cash installment amount is also different. After the cash installment is successfully processed, the money will be transferred to the debit card in the cardholder's name. 5. Credit cards must be used reasonably and repaid in time, because seriously overdue credit cards will be blacklisted in the meeting. Doing so will do more harm than good. Please remember. Simply put, it is 1. Overpayment transfer II. Direct credit card transfer. Cash transfer by installment.
Xiaoman is a compliant credit service platform and is trustworthy. For small loans, the maximum loan amount is 200,000 yuan, the daily interest rate is 0.02%, the annualized interest rate is 7.2%, and the minimum interest for a one-day loan 1 0,000 yuan is only 2 yuan. At present, Du Xiaoman and financial institution partners have served more than10 million small and micro business owners and individual industrial and commercial households.
How to calculate the interest of credit card withdrawal?
There will be commission and interest. The calculation methods of cash withdrawal fees for credit cards in different banks may be different, and most of them are charged at one time according to the transaction amount of 1%, which can be implemented in accordance with the bank regulations corresponding to credit cards.
However, the calculation method of cash withdrawal interest is the same, and it is charged on a daily basis according to five ten thousandths of the transaction amount, from the date of cash withdrawal to the day before the repayment date. Suppose you use a credit card to withdraw cash 1000, and the handling fee and interest generated are calculated as follows.
The handling fee is charged at 1% of the transaction amount, with a minimum of 10 yuan. If it is 1000, the handling fee is 1000 1%= 10 yuan. Interest shall be charged at the rate of 0.5 ‰ per day, with cash withdrawal 1000, and daily interest 10000.5%=5 yuan, from the date of cash withdrawal to the day before the repayment date.
Credit card cash withdrawal is different from credit card overdraft, which is equivalent to borrowing cash from the bank in advance, so it will be regarded as a loan by the bank and charged accordingly. In addition to the handling fee of 1%-3% of the cash withdrawal amount, the cardholder will charge five ten thousandths of interest every day from the date of cash withdrawal, and the annual interest rate is equivalent to 18.25%.
How to calculate guangfa
CGB interest = 0.05% of the withdrawal amount. Withdrawal interest is charged at 0.05% of the withdrawal amount, but compound interest will begin next month, that is, the interest generated last month will be added together to calculate interest.
Guangfa Bank Credit Card is the first standard credit card in China. The credit limit of the card is preset according to international standards, and it is used for overdraft consumption and cash withdrawal transactions without pre-deposit.
The first is the standard card, which is aimed at the general public and has no specific directivity. True Love Card and Pearl Card are high-end credit cards specially set up to locate women in the new era. These credit cards will get certain discounts when buying some female consumer goods. The owner's card is aimed at private car owners, and they will enjoy more benefits in refueling and car maintenance. At the same time, Guangfa Bank has issued a business card with a credit card, which can be applied in some large-scale consumer places and hotels, and will enjoy a certain preferential amount in some hotel services and reservation business.