Three situations that make people unable to complain about credit card cash withdrawals

With the increasing popularity of credit cards, people have gradually become dependent on credit card consumption. As long as a credit card is always with you in various consumption places, your favorite things can always be easily collected. Even sometimes, when people who are short of money are in urgent need of cash, they do not forget to use the additional functions of credit cards to borrow cash in advance. However, after withdrawing cash, people mostly feel regretful. What is the reason? Let’s take a look at the complaints from various netizens. Netizen: Credit card cash withdrawals are a black hole of fees
I once thought that credit card cash withdrawals would enjoy an interest-free period, so I once withdrew 10,000 yuan without thinking and repaid it as scheduled a few days later. But who knew that in the end, the interest would be used to pay for this short-term loan. After asking people around me, I found out that credit card cash withdrawals were a black hole of fees. I fell into a whirlpool of huge profits, but I realized it later. The credit card center charges interest at .% per day, which is equivalent to an annual interest rate of .%. Compared with the bank's package price of about % for unsecured loans, it is really unbearable.
It is easy to withdraw cash and borrow it anytime but difficult to pay it back with credit card.
One time when I went out, I forgot to bring my savings card and enough cash. In desperation, I used my credit card to withdraw cash on the plane, which solved my urgent need. Considering that interest on credit card withdrawals is calculated on a daily basis and the interest is high, I rushed to the bank the next day and paid back the arrears and interest of RMB 10,000. Clinker was rejected on the grounds that the previous bill had not been paid off, which meant that interest would continue to accrue on the cash withdrawal principal.
I was confused at the time, and after asking the customer service staff carefully, I found out that it turns out that credit card repayments have priorities. In the same bill, the priority of repayments is annual fee, interest, installment or cash withdrawal procedures. fees, cash withdrawal principal, and credit card consumption principal. Therefore, this yuan was used first to repay the last period's consumption debt. It was only after the day passed that I suddenly realized that I quickly returned the principal and interest of the cash withdrawal. Because I didn’t know the sophisticated tricks of the bank, I ended up spending a lot of money in unnecessary interest. One sentence to sum up afterwards: It is easy to withdraw cash with a credit card and borrow it anytime, but it is difficult to pay it back anytime.
Netizen: The maximum daily cash withdrawal limit is only 100 yuan
I heard that the maximum cash withdrawal limit for a credit card is half of the credit limit on the card, so I wanted to withdraw all the 10,000 yuan in advance cash for use as much as possible. invest. Unexpectedly, the maximum amount of cash withdrawals per day was only 10,000 yuan. It took a genius to raise 10,000 yuan, but the speed was as slow as a snail. The good opportunity to buy the bottom had long passed, and half the result was achieved with twice the effort.
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