Is there any CC which allows ATM withdrawals without any fee?

[wolfdalalstreet]

as title!

 

[akshayhs]

Axis Magnus for sure.

 

[RajMahadik]

Idfc i think

 

[Flashrider]

Idfc I belive

 

[CC-Muncher]

Is it good to take out cash from cc?

I dont know if there's a catch in this - if you take out cash from CC (offering free cash withdrawal) and deposit to bank, earn monthly intrest and transfer to cc before due date.

I sense there has to be some restriction on this!
@anirban.choudhury
@jack333 what do you think?

 

[smuff]

IDFC CC allows cash withdrawal with a fixed fee(possibly Rs 199+gst) and no interest applicable for the same billing period.

 

[MOhit __]

IDFC @199 processing fee

 

[anirban.choudhuryanirban.choudhury is verified member.]

Mostly all HNI cards come with 0 cash withdrawals

 

[KingKish]

Is it good to take out cash from cc?

I dont know if there's a catch in this - if you take out cash from CC (offering free cash withdrawal) and deposit to bank, earn monthly intrest and transfer to cc before due date.

I sense there has to be some restriction on this!
@anirban.choudhury
@jack333 what do you think?

Taking cash from your credit card is same as availing personal loan and of course banks want to make money from this
1. Withdrawal fee. This is like processing fees for your loans. Most cards charge this. Some cards make it free (HNI)
2. Interest. Unlike regular credit card transactions, cash withdrawals attract interest from the date of withdrawal. And needless to say, these rates are exorbitant

IDFC credit card is one exception to #2
I personally suggest not to withdraw cash from credit card.

 

[Wealth is my birth right!]

As all said magnus preferred and idfc wealth 210/- charges for every 10k
Caution:
Cash withdrawals on cc if a payment happen to get missed it’s having huge financial consequences pls take care

 

[Strange]

Taking cash from your credit card is same as availing personal loan and of course banks want to make money from this
1. Withdrawal fee. This is like processing fees for your loans. Most cards charge this. Some cards make it free (HNI)
2. Interest. Unlike regular credit card transactions, cash withdrawals attract interest from the date of withdrawal. And needless to say, these rates are exorbitant

IDFC credit card is one exception to #2
I personally suggest not to withdraw cash from credit card.

Bajaj Finserv RBL Credit Cards also don't charge interest for cash withdrawals.