My credit limit 10k and cash withdrawal also 10k limit.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 7800 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit bachhi 2100 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

 

[rohant]

no. cash withdrawal credit limit ka part ha.

On a serious note, aisi kya majboori thi ye card lene ki with 10k limit?

 

[RajeshV]

As rohant said, cash limit is part of credit limit and not extra.

Also, NEVER withdraw cash using credit cards. There's both cash withdrawal charges and interest.

And, please avoid using a credit card for loan. Only spend what you money you have. Or take an actual loan. Using credit cards without having the money can ruin your life.

 

[TechnoFi]

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 7800 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit bachhi 2100 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

As members said don't withdraw cash from a credit card. Withdrawing cash will result into never ending interest trap and higher charges with processing fee.

 

[SSV]

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 7800 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit bachhi 2100 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

Jarur Answer: N O .

 

[Infamous]

Dont withrdwar 2100 from the card, it attracts charges and interest from day one. Please check the MITC of your card for more details.

 

[Jkt]

bhai credit card har koi lena chahata hai, par wo kaam kaise karta hai, usme log interest nahi rakhte.
credit card se kabhi bhi galti se bhi cash withdraw mat karna, bahut paise katke hai

 

[arunkd386]

You can only withdraw upto remaining credit card limit. In IDFC cash withdrawal charges are comparatively less. I think it is 250 and no interest up to 48 days. Although it is less but still avoid if not very urgent.

 

[NamanGupta]

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 7800 credit limit use ki he. Abhi muje 8000 cash ki jarurat he to kya me cash withdrawal 8000 kar sakta hu ya credit limit bachhi 2100 baki utna hi cash withdrawal kar saktahu. Please answer jarur karna.

Avoid Withdrawing Cash from Your Credit Card

Withdrawing cash from your credit card can lead to hefty interest payments and a potential debt trap. Banks impose various charges and high interest rates on cash advances, making it essential to use your credit card wisely.

Don't view your credit limit as free money. Only make purchases you genuinely need, rather than spending just because you have the limit. Remember, you’ll ultimately be responsible for repaying this amount.

If you find yourself in urgent need of cash, consider borrowing from friends or family as a last resort.