Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Andhra Bank Credit Card Cash Withdrawal

    Using your credit to withdraw cash is a service that is offered by many banks in India. You can withdraw cash up to a certain limit over the counter at a bank or via an ATM. Andhra Bank offers the service to its customers who possess a credit card that is offered by the bank.

    Andhra Bank Credit Card Cash Withdrawal Limit

    Cash withdrawal limit is the amount of cash you can withdraw using a credit card. The Cash advance facility at 50% on the Card Limit is subject to an ATM daily cash withdrawal limit of a maximum of two transactions or Rs.20,000 per day. Cash withdrawal charges are 3% of the withdrawn amount (Minimum Rs.150).

    Interest Charged on Andhra Bank Cash Advance

    You need to pay interest on availing the facility of cash advance on any credit card offered by Andhra Bank. Interest on cash advance or finance charges are levied on a monthly rate from the day cash is withdrawn using the credit card till the amount is repaid in full. Interest for the cash advance is chargeable from the date of the amount withdrawn to the billing date.

    How to Withdraw Cash Using an Andhra Bank Credit Card

    You can withdraw at any of the ATMs, and not specifically from Andhra Bank ATMs. The procedure to avail of cash advance from ATMs using a credit card is similar to that of using a debit card.

    • Step 1: You will have to go to an ATM
    • Step 2: Next step is to insert their SBI credit card into the slot.
    • Step 3: Then, you will need to select his preferred language from the ones listed on the screen.
    • Step 4: Next, you will need to select the option of ‘Cash Withdrawal’.
    • Step 5: Once you do that, they will need to enter the amount you wish to withdraw and tap on ‘Enter’.
    • Step 6: Cash will be dispensed immediately.

    Pros and Cons of Cash Advance Facility

    Advantages of Cash Advance:

    • The process of cash withdrawal does not require documentation
    • You can withdraw cash during times of emergency and also pay at places where card transactions are not accepted.
    • You can withdraw cash from ATMs anywhere inside and outside the country.
    • You will not have to get any approval from the bank to withdraw the cash.

    Disadvantages of Cash Advance:

    • You will have to pay interest from the date of withdrawal of the cash.
    • You will have to pay a fee when you withdraw money using your credit card.
    • Cash advance does not come with any reward points.
    • There is no interest-free period.
    • The interest you have to pay is more than the regular card transactions.

    FAQs on Andhra Bank Credit Card Cash Advance Facility

    1. Do I have to get approval from the bank before I withdraw cash from my credit card?

      No, you do not have to get any approval from the bank before you use your credit card at the ATM for withdrawing cash.

    2. Is the service of cash withdrawal available on all Andhra Bank credit cards?

      No, the facility of cash withdrawal is available on only a few credit cards

    3. Where can I find the cash withdrawal transactions of my credit card?

      The cash withdrawal transactions will be mentioned in your credit card statement.

    4. Will I need to pay an additional fee for withdrawing cash from my Andhra Bank credit card?

      Yes, you have to pay an additional fee when you use your credit card to withdraw cash from the ATM.

    5. Is there any time limit for me to repay the cash that I have withdrawn?

      You will have to repay the cash that you withdraw at the time of making payment for the statement. You do not have to pay the amount in cash.

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