Credit card cash withdrawal refers to the credit limit granted to the cardholder by the card issuing bank or institution that can be used for cash advance or transfer. Credit card consumption means that the cardholder directly exchanges money for goods when purchasing goods. Both use the credit card limit, so what is the difference between credit card cash withdrawal and credit card swiping?

What is the difference between credit card cash withdrawal and credit card swiping

1 Different concepts

Credit card cash withdrawal refers to the credit limit granted to the cardholder by the card issuing bank or institution that can be used for cash advance or transfer; credit card consumption refers to the cardholder directly exchanging money for goods when purchasing goods. .

2 The limit limits are different

The limit that can be withdrawn in each period for credit card cash withdrawals is generally 30% or 50% of the fixed limit of the credit card; for credit card purchases, within the available limit of the credit card, there is no limit.

3 Enjoy different interest-free periods

Cash withdrawals by credit card do not enjoy the interest-free period. From the date of withdrawal, interest will be charged at a rate of 50,000% of the withdrawal amount every day; there is a certain limit for credit card swiping Interest-free period, you can enjoy the interest-free period before the repayment date.

4 Points rules are different

Generally speaking, points cannot be calculated for cash withdrawals with credit cards; however, points can be accumulated for credit card purchases, except for the special categories specified by major banks. of.

The above four aspects distinguish the difference between credit card cash withdrawal and credit card swiping from the concepts, limit limits, interest-free period and points rules. Can you distinguish them?