InvestorQ : Can I use my credit card to withdraw cash multiple times in a day?
Ashoka Patkar made post

Can I use my credit card to withdraw cash multiple times in a day?

Answer
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Gauravi Patel answered.
2 years ago
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Yes, you can use your credit card to withdraw cash multiple times a day.

However, I highly advise you not to do the same because you will be charged the credit card cash advance fee as well as the finance fee, both of which are between 2.5-3% of the withdrawn amount.

This means every time you use your card to withdraw cash, you will be levied at least 5-6% charge collectively. This is not 5-6% charge per day. It is 5-6% charge every time you withdraw cash using your credit card, even if it is in the same day.

Thus, if you withdraw Rs 50,000 cash from an ATM by using your credit card, you will have to pay Rs 2,500- 3,000. If you swipe your credit card to withdraw further Rs 50,000, you will be charged additional Rs 2,500-3,000.

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