Best Credit Card for Withdraw Cash: Credit card is now a minor facility offered by every bank. Which is especially used for big discounts and bill payments. But apart from that now you can also withdraw cash from credit card. It can also be called cash advance. Through which you can withdraw cash from credit card through ATM. The limit of which you can set yourself.
Credit cards have changed the way people look at availing loans and other facilities in India. Due to which people prefer to use credit cards more. No bank approval or document is required to avail this facility.
Withdrawing money from a credit card is not as easy as it sounds, as there are many fees and charges. Once you withdraw cash from a credit card, you are charged a fee and interest.
So today in this post let’s know which bank credit cards provide cash advance facility.
Withdrawal Limit of Credit Card Cash
Talking about credit card cash withdrawal limit, you can withdraw cash from any bank or ATM up to your credit limit. Credit cards only allow you to withdraw 20% to 40% of your cash limit.
You can also spend or withdraw cash according to the credit card limit. Charges and fees are taken by the bank.
Cash Withdrawal Charges on Best Banks –
| Bank Name | Fees – Cash Advance | Interest Rates |
| HSBC Bank Credit Card | 2.5% of withdrawn amount minimum ₹500. | 3.3% per month |
| Standard Chartered Bank Credit Card | 3% of withdrawn amount minimum ₹300. | 1.99% to 3.75% per month |
| Yes Bank Credit Card | 2.5% of withdrawn amount minimum ₹300. | 2.49% to 3.50% per month |
| HDFC Credit Card | 2.5% of withdrawn amount minimum ₹500. | 2% to 3.6% per month |
| SBI Credit Card | 2.5% of withdrawn amount minimum ₹500. | 2.75% to 3.50% per month |
| Axis Bank Credit Card | 2.5% of withdrawn amount minimum ₹500. | 1.5% to 3.6% per month |
| RBL Bank Credit Card | 2.5% of withdrawn amount minimum ₹500. | 3.30% to 3.99% per month |
| ICICI Bank Credit Card | 2.5% of withdrawn amount minimum ₹250. | 2.49% to 3.67% per month |
| Kotak Mahindra Bank Credit Card | 2.5% to 3% of withdrawn amount minimum ₹300 to ₹500. | 2.49% to 3.50% per month |
| Bank of Baroda Credit Card | 2.5% of withdrawn amount minimum ₹500. | 1.5% to 3.49% per month |
Best Credit Card in India 2024
1. Axis Bank Magnus Credit Card
- Annual Fee: ₹12,500 + Taxes
- Cash withdrawal charges: Nil
2. Yes Private Prime Credit Card
- Annual Fee: ₹20,000 + Taxes
- Cash withdrawal charges: Nil
3. IDFC FIRST Millennia Credit Card
- Annual Fee: ₹20,000 + Taxes
- Cash withdrawal charges: Nil
4. IndusInd Bank Legend Credit Card
- Annual Fee: ₹9,999 + Taxes
- Cash withdrawal charges: Nil
Also Read – IDFC FIRST SWYP Credit Card – 6 step Easy Process, Rewards, Discounts
Credit Card for Withdraw Cash
Below are several credit cards that have low or zero cash withdrawal fees. This credit card is super premium so its fees may be too high for some people. Best credit card for withdraw cash.
1. Axis Bank Magnus Credit Card
- Card Name : Axis Bank Magnus
- Bank Name: Axis Bank
- Network: VISA / Mastercard
- Type of Card: Super Premium
Considered one of the best and super premium credit cards by Axis Bank. This credit card offers you premium range of benefits. In which you get ₹12,500 worth of luxury, gift vouchers and travel vouchers as a welcome gift.
Not only that, if you book 1 ticket from BookMyShow with this credit, you also get a discount of ₹500. Also get 20% discount on dining bill in partner restaurant. It is first number best credit card for withdraw cash.
Axis Bank Magnus Credit Card Benefits
- Welcome Benefits: ₹12,500 worth of luxury, gift vouchers
- Travel Benefits: Priority Pass membership, Unlimited airport lounge visit, Unlimited international lounge visit
- Reward Points: All purchases get 12 EDGE Reward Points/₹200
- Movie & Dining Benefits: Book 1 Movie Ticket on Bookmyshow and get ₹500 Discount & Get 20% discount on dining bill in partner restaurant.
- Additional Benefits: If you spend ₹25,00,000 in one year than your credit card annual fees are waived off.
Axis Bank Reserve Credit Card Fee & Charges
- Joining Fee: ₹50,000 + Taxes
- Annual Fee: ₹50,000 + Taxes
- Interest Rate: 3% per month
- Late Payment Charges: 1. ₹500 to ₹5000 = Charge ₹500. 2.₹5000 to ₹10000 = Charges ₹750
2. Yes Private Prime Credit Card
- Card Name : Yes Private Prime
- Bank Name: Yes Bank
- Network: Mastercard
- Type of Card: Super Premium
You can get Yes Bank Private Prime Credit Card only after you get an invitation from the bank. This card is a super premium credit card of Yes Bank, due to which its cash advance fee is also zero.
This credit card offers you premium category benefits. In which you get the facilities of international airport lounge and unlimited domestic visits.
Cardholders get 3% cashback on international spend and 2% cashback on domestic spend. The card also offers premium benefits like movies, dining and golf. It is second number best credit card for withdraw cash.
Yes Private Prime Credit Card Benefits
- Welcome Benefits: 25,000 Reward points.
- Travel Benefits: Lounge Key Membership, Unlimited airport lounge visit, Unlimited international lounge visit
- Reward Points: Get 24 Reward Points/₹200 on International Spend.
- Movie & Dining Benefits: B1G1 Free Movie tickets on BookMyShow.
- Additional Benefits: No Fees on Cash Withdrawals.
Yes Private Prime Credit Card Fee & Charges
- Joining Fee: ₹20,000 + Taxes
- Annual Fee: ₹10,000 + Taxes
- Interest Rate: 3% per month
- Late Payment Charges: Nil
Also Read – 6 Best Credit Card For Hotel Booking all over india in 2024
3. IDFC FIRST Millennia Credit Card
- Card Name : IDFC FIRST Millennia
- Bank Name: IDFC FIRST Bank
- Network: Visa
- Type of Card: Premium
IDFC FIRST Millennia Credit Card gets a gift voucher worth ₹500 as a welcome gift. This card is a popular shopping credit card that offers good reward points in many categories. There is no charge for withdrawing cash in this CCredit card for 45 days. But ₹199 fee is charged in advance.
This card offers 3X reward points on offline shopping and 6X reward points on online shopping. 10X reward points on birthday spend. It is third number best credit card for withdraw cash.
IDFC FIRST Millennia Credit Card Benefits
- Welcome Benefits: ₹500 Gift vouchers.
- Travel Benefits: 4 Railway lounge visit in one year.
- Reward Points: Offline shopping – 3X, Online Shopping – 6X, Birthday Spent – 10X Reward Points.
- Movie & Dining Benefits: Get 25% off on Movie tickets with Paytm App.
- Additional Benefits: 5% Cashback on Pay First EMI.
IDFC FIRST Millennia Credit Card Fee & Charges
- Joining Fee: Nil
- Annual Fee: Nil
- Interest Rate: 0.75% to 3.5% per month
- Late Payment Charges: 15% Of the due amount.
4. IndusInd Bank Legend Credit Card – Best credit card for withdraw cash
- Card Name : IndusInd Bank Legend
- Bank Name: IndusInd Bank
- Network: Visa / Mastercard
- Type of Card: Premium
The IndusInd Legend Credit Card is designed to give you huge discounts on luxury options, shopping, travel and dining. This card has exclusive offers on trending brands.
This card does not charge you any kind of cash withdrawal charges. Apart from this, hotel vouchers and gift cards are available as welcome gifts. It is forth number best credit card for withdraw cash.
IDFC FIRST Millennia Credit Card Benefits
- Welcome Benefits: Oberoi hotels, Luxe, Montblanc, Post Card Hotels Gift vouchers.
- Travel Benefits: 8 domestic lounge visits, 8 international lounge visits in one year.
- Reward Points: Get 2 Reward points on Spend ₹100.
- Movie & Dining Benefits: B1G1 Free Movie tickets on BookMyShow.
- Additional Benefits: Spend ₹6,00,000 in one year and get 6000 Reward Points.
IDFC FIRST Millennia Credit Card Fee & Charges
- Joining Fee: ₹9,999 + taxes
- Annual Fee: Nil
- Interest Rate: 3.83% per month
- Late Payment Charges: ₹1000 to ₹10,000 = Charges ₹550.
Credit Card Cash Withdrawal Pros & Cons
Credit Card Cash Withdrawal Pros
- No Document & Approval Required
- Withdraw cash from ATM anytime.
- Withdraw cash as per your limit.
Credit Card Cash Withdrawal Cons
- Charge cash advance fees on every transaction.
- You will have to pay interest until you make the full payment.
FAQs
Q. Which is the highest rated credit card in India?
A. HSBC Visa Platinum Card, Flipkart Axis Bank Credit Card, Amazon Pay ICICI Credit Card….etc
Q. Which are the best credit card for cash withdrawal?
A. Axis Bank Magnus Credit Card, IDFC FIRST Millennia Credit Card, Yes Private Prime Credit Card….etc.
Q. Which is the most luxurious credit card?
A. Centurion Card from American Express is most luxurious credit card.
