I have used my full credit limit. Can I use the cash withdrawal limit?

[ahir05]

Hello, mere pas idfc first wow credit card he. Jo ki fd based card he. Uski credit limit 10k ki he. Or cash withdrawal limit bhi 10k ki he. Mene is month me 7000 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit 3000 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

 

[akshayhs]

2.1 is the currently available limit to . Never withdraw cash from credit card unless you wanna f**k around and find out.

 

[BVCBVC is verified member.]

2.1 is the currently available limit to . Never withdraw cash from credit card unless you wanna f**k around and find out.

As that's an IDFC Card, they have only one time charge of 199+GST only and no interest charges for cash withdrawals.

 

[RishiKiDev]

Hello, mere pas idfc first wow credit card he. Jo ki fd based card he. Uski credit limit 10k ki he. Or cash withdrawal limit bhi 10k ki he. Mene is month me 7000 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit 3000 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

Haan kar sakte ho. Good thing about IDFC is that they charge processing fee for cash withdrawal but they don't charge any interest like other banks.

 

[akshayhs]

As that's an IDFC Card, they have only one time charge of 199+GST only and no interest charges for cash withdrawals.

Still don't recommend it. Slack off once and it becomes a habit

 

[BVCBVC is verified member.]

Still don't recommend it. Slack off once and it becomes a habit

Yes habit wise it's a bad financial spending habit. Should be used only for Emergencies.

 

[ahir05]

Yes i use only emergency

 

[ahir05]

Haan kar sakte ho. Good thing about IDFC is that they charge processing fee for cash withdrawal but they don't charge any interest like other banks.

Lekin cash withdrawal limit 10k he to usme 8k use kar sakta hu kya. Ya fir jitni credit limit 2.1k bachi he utni hi use kar sakta hu yahi question he mera

 

[AriyanPegu]

Lekin cash withdrawal limit 10k he to usme 8k use kar sakta hu kya. Ya fir jitni credit limit 2.1k bachi he utni hi use kar sakta hu yahi question he mera

Jitna bacha huwa h utna hi kar sakte ho

 

[tachniki]

I always thought cash withdrawal limit is subset of total credit limit. New learning for me that they are exclusive.

 

[_Mayank_]

I always thought cash withdrawal limit is subset of total credit limit. New learning for me that they are exclusive.

I believe it is only for the case of a secured credit card.

 

[Zacobite]

Hello, mere pas idfc first wow credit card he. Jo ki fd based card he. Uski credit limit 10k ki he. Or cash withdrawal limit bhi 10k ki he. Mene is month me 7000 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit 3000 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

cash limit is part of credit limit

 

[Aniket]

Lekin cash withdrawal limit 10k he to usme 8k use kar sakta hu kya. Ya fir jitni credit limit 2.1k bachi he utni hi use kar sakta hu yahi question he mera

2.1k only.

That screenshot represents that you have been provided with 10k cash withdrawal limit also, included in Total Credit Limit, but you haven't withdrawn any amount so far, that doesn't mean, you can withdraw cash beyond available credit limit.

 

[vaibhav111vaibhav111 is verified member.]

Hello, mere pas idfc first wow credit card he. Jo ki fd based card he. Uski credit limit 10k ki he. Or cash withdrawal limit bhi 10k ki he. Mene is month me 7000 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit 3000 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

it fd based you can't take more than the limit assigned to you.

 

[vaibhav111vaibhav111 is verified member.]

I always thought cash withdrawal limit is subset of total credit limit. New learning for me that they are exclusive.

for example if limit is 10L then cash limit varies from Card issuer from 10-20% of existing 10L.

 

[Aniket]

it fd based you can't take more than the limit assigned to you.

It's FD based only, that's why, 100% cash withdrawal limit, is assigned.

 

[vaibhav111vaibhav111 is verified member.]

It's FD based only, that's why, 100% cash withdrawal limit, is assigned.

yeah my bad i did a calculation on unsecured cc.

 

[arunkd386]

As that's an IDFC Card, they have only one time charge of 199+GST only and no interest charges for cash withdrawals.

No interest charges upto 48 days.

 

[Zacobite]

No interest charges upto 48 days.

yes.. fantastic facility.. i don't carry atm card anymore 🙂

 

[rimtesh]

yes.. fantastic facility.. i don't carry atm card anymore 🙂

/s ?
or processing fees and GST are not charged on higher variants like wealth and select