What are credit card cash withdrawal charges

2 min read

A credit card cash withdrawal, also known as a cash advance on a credit card, enables you to take out cash by utilizing your credit card when faced with an emergency situation. This feature acts as an instant loan option for those in possession of a credit card. Nevertheless, it may not be as advantageous as it appears due to the numerous fees and charges associated with it. Once cash is withdrawn, you will be subject to credit card finance fees (applicable from the date of withdrawal) in addition to the cash withdrawal charges. Consequently, it is the most expensive type of credit that exists in the marketplace.

Credit card cash withdrawal limit

The credit card cash withdrawal limit for the Bajaj Finserv RBL Bank SuperCard is set by RBL Bank and varies depending on the individual's creditworthiness which usually ranges from 20% to 40% of your total limit.

Suppose you have a credit card with a credit limit of Rs. 1 lakh; in that case, you can take out Rs. 20,000 to Rs. 40,000 in cash, depending on various factors. The remaining limit on the credit card can be utilized for regular card transactions.

Withdrawing cash using your Bajaj Finserv RBL Bank SuperCard might seem like an easy solution in a financial emergency, but it's important to think about the fees and charges that will apply beforehand. Always try to prioritize paying off the balance on your credit card through regular payments before attempting a cash withdrawal.

Credit card cash withdrawal charges

Credit card cash withdrawal can be a lifesaver in times of emergency when cash is required. However, it's crucial to be aware of the charges that come with it to avoid any surprises. If you're a customer of Bajaj Finserv RBL Bank SuperCard, here's what you need to know about credit card cash withdrawal charges. It's important to note that interest is also charged on the amount withdrawn, starting from the date of withdrawal. The interest rate varies but is typically higher than the interest rate for regular purchases

When you withdraw cash using your credit card, you will be charged a fee, or a percentage of the total amount withdrawn. For Bajaj Finserv RBL Bank SuperCard, the cash advance fee is 2.5% of the amount (minimum Rs. 500 + GST) of the cash amount.

Cash withdrawal charges on top credit card providers

Credit card

Cash advance fee

Binge SuperCard

2.5% of the amount (minimum Rs. 500 + GST) of the cash amount

DBS Bank 10x Plus Signature Credit Card

2.5% of the amount (minimum Rs. 500 + GST) of the cash amount

Platinum Plus SuperCard

2.5% of the amount (minimum Rs. 500 + GST) of the cash amount

Credit card cash withdrawal charges on Bajaj Finserv RBL Bank credit cards

When a cardholder withdraws cash using a credit card, a flat processing fee of 2.5% of the cash amount (minimum Rs. 500) + GST.

However, the Bajaj Finserv RBL Bank Credit Card provides the following benefits over other credit cards.

  • Up to 50 days interest-free period on ATM withdrawals, starting from the date of the withdrawal
  • Although credit cards charge high interest rates, Bajaj Finserv Credit Card comes with an affordable rate of 3.99% per month after the 50-day period expires
  • Only a one-time Credit Card cash withdrawal fee of 2.5% is applicable as processing charges. This makes availing Bajaj Finserv RBL Bank SuperCard more affordable for users

Read More Read Less

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

Are there any charges for credit card cash withdrawal?

Yes, there are charges associated with credit card cash withdrawals. For Bajaj Finserv RBL Bank SuperCard, the cash advance fee is between 2.5% of the amount withdrawn.

What is the credit card cash withdrawal limit in a credit card?

The credit card cash withdrawal limit is the maximum amount of cash that can be withdrawn using a credit card. It is generally lower than the overall credit limit on the card.

Can I withdraw cash from credit card?

Yes, you can withdraw cash using your Bajaj Finserv RBL Bank SuperCard. This feature is also known as credit card cash withdrawal.

How do I avoid credit card cash advance fees?

You can use the Bajaj Finserv RBL Bank SuperCard to withdraw cash from any ATM across India without paying any interest for up to 50 days.

What are the charges for withdrawing cash using a credit card?

When you withdraw cash using a credit card, you’re usually charged a fee that’s a percentage of the amount you take out, typically between 2.5% and 3%. This comes with a minimum charge, often around Rs. 300 to Rs. 500. Keep in mind that interest starts accruing on these charges at a rate similar to the interest on the cash you’ve withdrawn. Some credit cards like the Bajaj Finserv RBL Bank Credit Card variants have a 50-day interest-free period for ATM cash withdrawals.

Do all credit cards have the same cash withdrawal charges?

Not all credit cards have the same cash withdrawal charges. These fees can differ based on the type of card you have, the policies of the financial institution that issued the card, and your own spending habits.

How can I find out the cash withdrawal charges for my specific credit card?

To determine the cash withdrawal charges for your specific credit card, you should check the terms and conditions provided by your issuer. If you need more detailed information, don’t hesitate to reach out to your card issuer’s customer service.

Show More Show Less