Yes, you can withdraw cash from an ATM using your credit card, a transaction known as a cash advance. However, this is generally an expensive option and should be considered only for emergencies. Cash advances typically incur a specific fee, usually 2.5% to 3.5% of the withdrawn amount, often subject to a minimum charge (e.g., ₹250 to ₹500). Furthermore, interest starts accruing immediately from the day of withdrawal at a much higher Annual Percentage Rate (APR) than for regular purchases, as there is no interest-free period.
Related Questions