Many people apply for credit cards in order to ease the economic tension by using the overdraft limit of the credit card. How much is the overdraft limit of the credit card? Can you withdraw cash directly?
1、 Credit card overdraft limit
The overdraft limit and cash withdrawal limit of each credit card are different. The credit card limit is high, the overdraft limit is also high, and the cash withdrawal limit is also high. The cash withdrawal limit of the credit card is generally clearly indicated in the card opening letter. If it cannot be found, the credit card can be inserted into the ATM to query the balance. This limit is the cash withdrawal limit of the credit card.
Credit card limits are divided into available limits and cash withdrawal limits:
The available limit is the amount that the credit card can overdraw at present, which is equal to the credit limit minus the used limit.
Cash withdrawal limit refers to the amount of cash that can be borrowed in advance by credit card at present.
2、 Cash withdrawal by credit card
Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and over payment cash withdrawal.