What is credit limit for cash
The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit. For a credit card, this will be the credit limit (or some percentage of it). Cash advances often incur a fee of 3 to 5 percent of the amount being borrowed.
What does cash available mean on a credit card
Available cash limit is the max amount you can withdraw from ATM. This varies from 20% to 40% of total credit limit depending on bank. I will give simple example to understand this. For example your credit limit is 1000/- and cash limit is 300/-. Available cash limit is the max amount you can withdraw from ATM.
What is cash limit in HDFC credit card
Cash Limit on HDFC Credit Cards
The cash limit in case of HDFC Credit Card is usually 40% the total credit limit. For example, if the total credit limit on a card is Rs. 2 Lakh and the cash limit is 40%, the maximum amount the user can withdraw is Rs. 80,000.
Is withdrawing cash on a credit card bad
Withdrawing cash with your credit card
When you take out cash on a credit card, the withdrawal is recorded on your credit file. This in itself isn’t a bad thing, but just like applying for lots of credit, multiple cash withdrawals might look to a lender like you’re struggling financially.