Mastering Cash Withdrawals with Credit Cards: Dos and Don'ts

Need funds urgently but don’t have access to liquid cash? You can use your credit card to withdraw cash at any ATM. Here’s what you need to know.

Know the cash advance fee 

Each withdrawal leads to a cash advance fee calculated as a percentage of the withdrawn amount. It is reflected in your next bill.

Check the interest rate

You need to pay interest on the money you've withdrawn. Most cards charge interest from the date of withdrawal till the repayment is made in full.

Don’t go over the limit

There might be a maximum number of withdrawals allowed. Plus, you can withdraw up to your credit limit, so don't exceed it.

Don’t ignore your credit score

Withdrawal increases the credit utilisation ratio. Plus, non-payment damages the credit score.Maintain your score, always!

Don’t expect reward points

Cash withdrawals NEVER build up any reward points, or provide any offers or cashback. It is a simple transaction without benefits.

IDFC FIRST Bank Credit Cards make cash withdrawals easy and hassle-free with minimal charges and 0% interest for up to 48 days!