transaction /withdrawal /ATM fee:
bank to bank
Sbi credit card cash withdrawal
SBI 2.5% or 300 whichever is higher, international 3% or 300 which ever is higher.
Interest charged on sbi cash advance
2.25%pm or 30% annual(elite card)
3.35% or 42% annual
from the date of cash withdrawal to payment made date.
interest free/ Grace period = NIL;
interest charged from the date of withdrawal at 3.5%.
minimum repayment to avoid late fees: 5% if outstanding amount.
Hdfc credit card cash withdrawal
cash limit available 20-40%
withdrawal fee: 2.5% or 500 whichever is higher
interest rate 3.5% (2%for premium cards)
Citibank credit card cash withdrawal
Cash limit: 40%
interest rate: 3.5%* or 40% avg
withdrawal fee: 2.5% or 500
credit card cash withdrawal disadvantages
2.5% or minimum charges
no interest Free period
interest charged from the day of withdrawal at 3.5% or 40% annum
No reward points
too costly.
Credit card loan
sbi offers 1.6pm 18% annual if offer is available.
Credit card emi conversation
if any high transactions above 3000, we can convert into EMI.
but the interest charges are high.
Rbl interest free cash loan :
Rbl world prime cards proclaims a interest free loan
10000 for 3 months
20000 for 6 months
but there will be a processing fee 333 or 10% on monthly EMI + GST
equals to 20.22% annual rate or 1.8%pm.*
also read credit card fees all we must aware.