InvestorQ : Can I avail of interest-free grace period on my credit card’s cash advance?
riya Ranade made post

Can I avail of interest-free grace period on my credit card’s cash advance?

Answer
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seema Upadhyaya answered.
2 years ago


No. Interest-free grace period is only allowed on cash advances by almost all banks in India.

Thus, if you withdraw cash using your credit card, you will be charged the high interest rate from the day you withdrew the cash until you repay the amount.