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What is Cash Limit in Credit Card?

Sirish

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Arpita C

0 August 22, 2022

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I have never used a credit card and never did my parents but recently I got to know that my uncle has one. I got very curious about how it works and all so asked my uncle to tell me more about it. He said that a credit card helps to get goods or services without using money. It basically allows one to borrow funds within the pre-approved credit limit. I automatically asked him what

is cash limit in credit card and he explained everything to me. If you too are looking for the answer, here you will get it.

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What is credit card cash limit meaning?

The credit card cash limit is the maximum cash one can withdraw using his or her respective credit card from the bank's ATM. The limit is set up by the bank and the cash is to be repaid at a later date along with interest and other charges.

What is cash limit in SBI credit card?

Cash limit is determined by the bank itself. It generally ranges from 20% to 40% of the user’s credit limit. If the cash limit is 20%, the cardholder can withdraw Rs 40,000

What is cash limit in ICICI credit card?

In ICICI the cash withdrawal limit with credit card is 20% of the credit limit and above it, 2.5% of the withdrawn amount is levied as cash advance fee.