If you are a credit cardholder, you may wonder about the cash withdrawal limits associated with your card. The credit card cash withdrawal limit refers to the maximum amount of cash you can withdraw using your credit card, often through an ATM or over the counter at a bank.
The credit card cash withdrawal limit, often called a credit card cash advance, allows cardholders to withdraw cash from ATMs or over the counter at banks using their credit cards. In this blog, we will cover everything you need to know about the credit card cash withdrawal limit, including the general limits and bank-specific withdrawal limits.
Table of contents
- What Is a Credit Card Cash Withdrawal Limit?
- Credit Card Cash Withdrawal Limit for Various Bank and Cards
- Credit Card Cash Withdrawal Limit for State Bank of India (SBI)
- Credit Card Cash Withdrawal Limit for HDFC Bank
- Credit Card Cash Withdrawal Limit for ICICI Bank
- Credit Card Cash Withdrawal Limit for Axis Bank
- Credit Card Cash Withdrawal Limit for Punjab National Bank
- Credit Card Cash Withdrawal Limit for Citibank
- Credit Card Cash Withdrawal Limit for AU Small Finance Bank
- How is the Credit Cash Withdrawal Limit Determined?
- How to Withdraw Cash from Your Credit Card
- Impact of Credit Card Withdrawals on Your Credit Score
- Advantages of Credit Cash Withdrawal Limit
- Disadvantages of Credit Cash Withdrawal Limit
- Tips for Managing Your Credit Card Cash Withdrawal Limit
- FAQs on Credit Card Cash Withdrawal Limit
What Is a Credit Card Cash Withdrawal Limit?
The credit card cash withdrawal limit is the amount you can withdraw in cash from an ATM or bank using your credit card. Unlike standard credit card transactions, which involve making purchases, cash advances allow you to access physical currency. This limit is typically a percentage of your total credit limit, often ranging from 20% to 40%, depending on the bank and your credit profile.
For example, if your credit card has a total limit of INR 1,00,000, your credit card cash withdrawal limit may be between INR 20,000 and INR 40,000. Keep in mind that credit card cash withdrawal limit is distinct from your overall credit limit, which is the amount you can spend on purchases, balance transfers, or other transactions.
Credit Card Cash Withdrawal Limit for Various Bank and Cards
Credit card cash withdrawals can be a quick solution in emergencies, but they come with steep charges and high interest rates. Understanding the Credit Card Cash Withdrawal Limit across various banks is crucial for making informed financial decisions.
Here is a detailed insight into the credit card cash withdrawal limits, fees, and interest rates of major banks.
Credit Card Cash Withdrawal Limit for State Bank of India (SBI)
SBI Credit Card Cash Withdrawal Limits typically offer withdrawal limits of up to 40% of your total credit limit. Below is the credit card cash withdrawal limit for various SBI cards, along with their charges and interest rates:
| SBI Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| SBI Card ELITE | Up to 40% of the total credit limit | 2.5% or INR 500, whichever is higher | 3.75% per month (APR: 45%) |
| SBI SimplySAVE Card | Up to 40% of the total credit limit | 2.5% or INR 500, whichever is higher | 3.75% per month (APR: 45%) |
| SBI Prime Credit Card | Up to 40% of the total credit limit | 2.5% or INR 500 | 3.75% per month (APR: 45%) |
| SBI Card FBB | Up to 40% of the total credit limit | 2.5% or INR 500 | 3.75% per month (APR: 45%) |
Credit Card Cash Withdrawal Limit for HDFC Bank
HDFC Credit Card Cash Withdrawal Limit ranges from 20% to 40% of your total credit limit. Below is the credit card cash withdrawal limit for various HDFC Bank cards, along with their charges and interest rates:
| HDFC Bank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| HDFC Regalia Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300, whichever is higher | 1.99% per month (APR: 23.88%) |
| HDFC MoneyBack Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300 | 2.99% per month (APR: 35.88%) |
| HDFC Diners Club Black Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300 | 1.99% per month (APR: 23.88%) |
| HDFC Millennia Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300 | 2.99% per month (APR: 35.88%) |
Credit Card Cash Withdrawal Limit for ICICI Bank
ICICI Credit Card Cash Withdrawal Limits allow cash withdrawal limits ranging from 20% to 40% of the total credit limit. Below is the credit card cash withdrawal limit for various ICICI Bank cards, along with their charges and interest rates:
| ICICI Bank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| ICICI Platinum Chip Card | Up to 40% of the total credit limit | 2.5% or INR 250, whichever is higher | 2.95% per month (APR: 41.75%) |
| ICICI Coral Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.95% per month (APR: 41.75%) |
| ICICI Sapphiro Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.95% per month (APR: 41.75%) |
| ICICI Amazon Pay Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.95% per month (APR: 41.75%) |
Credit Card Cash Withdrawal Limit for Axis Bank
Axis credit cards provide a credit card cash withdrawal limit of up to 40% of the total credit limit. Below is the credit card cash withdrawal limit for various Axis Bank cards, along with their charges and interest rates:
| Axis Bank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| Axis Bank Vistara Signature Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.5% per month (APR: 30%) |
| Axis Bank Ace Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.5% per month (APR: 30%) |
| Axis Bank My Zone Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.5% per month (APR: 30%) |
| Axis Bank Flipkart Credit Card | Up to 40% of the total credit limit | 2.5% or INR 250 | 2.5% per month (APR: 30%) |
Also Read:
- Axis Bank My Zone Credit Card Cash Withdrawal Limit
- Flipkart Axis Bank Credit Card Cash Withdrawal Limits
Credit Card Cash Withdrawal Limit for Punjab National Bank
PNB credit cards generally allow credit card cash withdrawal limit up to 20% of your total credit limit. Below is the credit card cash withdrawal limit for various Punjab National Bank cards, along with their charges and interest rates:
| PNB Bank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| PNB Global Gold Credit Card | Up to 20% of the total credit limit | 2% fee, min INR 50 | 1.95% per month (APR: 23.67%) |
| PNB Platinum Credit Card | Up to 20% of the total credit limit | 2% fee, min INR 50 | 1.95% per month (APR: 23.67%) |
| PNB Global Premium Credit Card | Up to 20% of the total credit limit | 2% fee, min INR 50 | 1.95% per month (APR: 23.67%) |
Credit Card Cash Withdrawal Limit for Citibank
Citibank allows credit card cash withdrawal limits of 20% to 40% of the credit limit. Below is the credit card cash withdrawal limit for various Citibank cards, along with their charges and interest rates:
| Citibank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| Citi PremierMiles Credit Card | Up to 40% of the total credit limit | 2% or INR 300, whichever is higher | 2.5% per month (APR: 30%) |
| Citi Rewards Card | Up to 40% of the total credit limit | 2% or INR 300 | 2.5% per month (APR: 30%) |
| Citi Prestige Credit Card | Up to 40% of the total credit limit | 2% or INR 300 | 2.5% per month (APR: 30%) |
Credit Card Cash Withdrawal Limit for AU Small Finance Bank
AU Small Finance Bank allows credit card cash withdrawal limit up to 40% of the total credit limit, providing flexibility for urgent cash needs. Below is the credit card cash withdrawal limit for various AU Small Finance Bank cards, along with their charges and interest rates:
| AU Small Finance Bank Credit Card Name | Cash Withdrawal Limit | Charges | Interest Rates |
| AU Bank Signature Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300 | 2.5% per month (APR: 30%) |
| AU Bank Platinum Credit Card | Up to 40% of the total credit limit | 2.5% or INR 300 | 2.5% per month (APR: 30%) |
How is the Credit Cash Withdrawal Limit Determined?
Several factors influence the credit cash withdrawal limit on your credit card, such as the type of credit card, your bank’s policies, and your individual credit history. Banks may offer different cash limits based on the card type and your spending patterns.
Additionally, the cash limit may not be fixed and can be adjusted by the bank over time, depending on factors like your payment history, spending habits, and overall credit score.
It’s important to understand that your cash withdrawal limit may vary across different credit card variants. Premium cards often come with higher cash limits, whereas standard or basic cards have lower limits.
Also Read:
How to Withdraw Cash from Your Credit Card
Withdrawing cash from your credit card is simple and works similarly to using a debit card. Here’s how you can do it:
- Visit an ATM: Use any bank’s ATM to withdraw cash, just like you would with a debit card.
- Check Your Cash Withdrawal Limit: Ensure you stay within your allowed limit to avoid extra charges.
- Be Aware of Fees:
- ATM Fees: Additional charges may apply when using an ATM outside your bank’s network.
- Transaction Fees & Interest Rates: Cash withdrawals usually attract higher fees and interest from the date of the transaction.
Pro Tip: Always monitor your credit card statement to track charges and avoid surprises.
Impact of Credit Card Withdrawals on Your Credit Score
While credit card cash withdrawals do not directly impact your credit score, using them irresponsibly can hurt your credit rating. Since cash advances often come with high-interest rates and fees, failing to pay them off quickly can lead to significant debt accumulation, which may affect your credit score.
It is essential to repay your cash advance balance on time to avoid penalties and negative marks on your credit report.
Advantages of Credit Cash Withdrawal Limit
A credit card cash withdrawal limit offers quick financial flexibility during emergencies. It allows you to access funds instantly without the lengthy approval process of traditional loans. Here are some key benefits:
- Instant Access to Cash: The primary benefit of a credit card cash withdrawal is immediate access to cash, available 24/7 through ATMs.
- No Documentation: Unlike personal loans, credit card cash advances do not require additional documentation or approval, making it a convenient solution in emergencies.
Disadvantages of Credit Cash Withdrawal Limit
While cash withdrawals from credit cards offer quick access to funds, they come with several downsides. Understanding these drawbacks can help you avoid costly mistakes and manage your finances better. Here are some key disadvantages:
- High Fees and Interest Rates: Cash advances come with significant fees and interest charges, making them an expensive option.
- No Rewards: Transactions made via cash advances do not earn reward points, unlike regular card purchases.
- No Interest-Free Period: Interest is charged from the moment of withdrawal, unlike regular purchases, which may have an interest-free grace period.
Tips for Managing Your Credit Card Cash Withdrawal Limit
Effectively managing your credit card cash withdrawal feature can help you avoid hefty fees and high-interest charges. Here are some smart tips to stay on top of your cash advances and maintain financial control:
- Understand Your Limits: Know your cash withdrawal limit and stay within it to avoid penalties.
- Repay Quickly: Pay off cash advances as soon as possible to minimize interest charges.
- Use Sparingly: Consider using the cash withdrawal feature only in genuine emergencies to avoid accumulating unnecessary debt.
The credit card cash withdrawal limit offers a valuable tool for accessing cash when needed. However, it’s essential to understand the associated fees, interest rates, and the impact on your credit score. By using this feature wisely and staying within your limits, you can make the most of your credit card while managing your finances effectively.
FAQs on Credit Card Cash Withdrawal Limit
The credit card cash withdrawal limit is the maximum amount of cash you can withdraw using your credit card from an ATM or bank. It is usually a percentage of your total credit limit, typically ranging between 20% and 40%.
No, the cash withdrawal limit is separate from the total credit limit. Your total credit limit refers to how much you can spend on purchases, while the cash withdrawal limit specifies how much cash you can withdraw.
The limit is determined based on factors like the type of credit card, your bank’s policies, and your credit profile. Premium credit cards usually offer higher cash withdrawal limits compared to standard cards.
No, the cash withdrawal limit varies depending on the bank and the type of credit card. Different banks may offer different withdrawal percentages and terms.
Yes, withdrawing cash from a credit card involves cash advance fees, typically around 2.5% to 3% of the withdrawal amount, with a minimum fee ranging from INR 250 to INR 500, depending on the bank.
Interest rates on credit card cash advances are usually higher than regular credit card purchases, often ranging between 1.95% and 3.75% per month (APR of 23.67% to 45%). Interest is charged from the withdrawal date until the balance is fully paid.
You can check your cash withdrawal limit through your bank’s mobile app, website, or by contacting customer support. It is also usually mentioned in your credit card statement.
Cash withdrawals do not directly affect your credit score, but excessive use and failure to repay on time can lead to high debt, which may negatively impact your credit score.
The primary advantage is immediate access to cash in emergencies without requiring additional documentation or approval. It offers financial flexibility when needed the most.
Cash withdrawals come with high fees, high-interest rates, and no grace period. If not repaid quickly, it can lead to accumulating debt and financial strain.
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