Withdraw money from credit card - how to get cash from credit card?

Can I withdraw money from a credit card?

Withdrawing cash from credit cards is completely feasible. However, you need to note that withdrawing money here will incur higher fees and interest rates than paying with a credit card for shopping transactions.

Credit card withdrawal fee

This fee is usually calculated as a percentage of the withdrawal amount. This fee usually ranges from 2% to 4%. In addition, some banks also apply a minimum withdrawal fee, such as 50,000 VND.

Interest rate for withdrawing money from credit cards

The interest rate is calculated according to the bank's credit interest rate. This interest rate usually ranges from 20% to 40%. Interest will be calculated from the moment you withdraw money and is calculated until you pay the entire withdrawn amount, including withdrawal fees.

Quyen is a creative copywriter with a passion for fintech. a degree from the Ho Chi Minh University of Economics. After graduating from the UEH (Ho Chi Minh Economics of University), she's constantly expanding her knowledge through investment and financial literacy courses, seminars, and conferences. Quyen also has experience in banking and credit. Her articles draw on her background in finance to help readers make informed decisions.