The conditions for withdrawing cash from credit card
Credit cards are non-earmarked lending. The only thing limiting the banks to the borrower when using credit cards is withdrawing cash. Outright bans on these operations no, but the banks in different ways make them unprofitable. So, they are often installed cancellation fee when withdrawing cash. For example, in Sberbank they amount to 3% Alfa-Bank - 5,9%. The exceptions are rare. For example, Raiffeisenbank has a "Cash card", which allows you to get cash without a fee in the range of 90% of the credit limit. If the money is withdrawn in a third-party ATMs, the fee will be even higher.
While such operations are rarely included banks within the grace period, and on cash withdrawals imposed increased interest for the use of borrowed funds. Banks that include cash transactions to the number affected by the interest-free period are ROSBANK, Alfa-Bank, Promsvyazbank, URALSIB. Also most banks have a daily or monthly limits on cash withdrawals.
Methods of cash withdrawal
In addition to the extremely unfavorable credit conditions, the withdrawal of cash by credit cards is no different from a debit card. Get cash with a credit card through Bank branch, ATM, Internet banking.
In the first case it will be necessary to show the passport and the card to the Bank employee. Also, you may need to enter a pin-code card. Note that the amount of debt will be higher than you receive on your hands on the size of the Commission. For example, in obtaining cash 10000 p. in the savings Bank, to return to the map it is necessary to have at least 10300 R. When withdrawing cash on the card on which these operations are not included in the grace period, you need to consider what the following day will begin to accrue interest the transaction.
For cash withdrawals you can use any ATM. For this you need to insert the card into the ATM, enter the pin and select the option of receiving cash. The conditions of cash withdrawal does not differ from getting money through a specialist Bank.
You can also use the ways to transfer money online. For example, transfer money from card to card, or display them on an electronic wallet (Yandex.Money, WebMoney or Qiwi). Such transactions are also treated as withdrawals and are accompanied by the standard for this operation commissions. If the Issuer of the card, which money can be withdrawn, is a third-party Bank, it charges an additional fee for translation.
Not to pay the fee, you can borrow cash from friends and acquaintances, and to pay for purchases by credit card. These purchases will fall within the grace period and will not pay for the borrowed funds.
