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Can I withdraw cash from a credit card? What are the charges?
Updated · CardKhoj Editorial Team
Short answer
Yes, you can withdraw cash from a credit card at an ATM up to your cash limit, but it is expensive. Banks charge a cash advance fee of about 2.5% (minimum ₹300–₹500), plus interest of around 3–3.75% per month from the day of withdrawal — there is no interest-free period on cash.
Cost of a ₹20,000 cash withdrawal (illustrative)
| Charge | Amount |
|---|---|
| Cash advance fee (2.5%) | ₹500 |
| GST on fee (18%) | ₹90 |
| Interest for 30 days (3.6%) | ₹720 |
| GST on interest | ₹130 |
| Total cost for one month | ≈ ₹1,440 |
Other downsides
- Cash withdrawals earn no rewards.
- High cash usage can be seen by lenders as a sign of financial stress.
- Your cash limit is usually only 20–40% of your total credit limit.
Cheaper alternatives
For an emergency, a loan on your credit card, an instant personal loan from your bank, or a loan against a fixed deposit will almost always cost less.
This answer is general information, not personalised financial or tax advice. Rules, rates and limits change — confirm with your bank, the RBI or a qualified adviser before making decisions.