Credit card payments should always be made on a regular schedule to save you money. This guide tells you when the best time is for you to make a payment.
ADCB is one of the most popular full-service commercial banks. It offers a great range of financial products and services including wealth management, retail banking, investment banking, cash management, foreign exchange, credit cards, and so on.
ADCB credit card cash withdrawal is a feature offered by ADCB bank to its credit card holders. Using this option, the card holders can withdraw money up to their available limit from their nearest ATM.
When talking about the ADCB credit card cash withdrawal charges, it levies various charges in the form of interest rates, cash advance fees, cash withdrawal charges, and so on. Generally, the cash withdrawal charges levied by ADCB on this facility are 3% or AED 50, whichever is higher.
ADCB credit card cash withdrawal feature comes with certain interest rates that are levied on the cardholders from the date they withdraw cash using this option and last till the entire amount is repaid. Note that, the interest rate can range from 2.5% to 4% every month. Also, these charges vary from customer to customer depending on various factors.
The ADCB credit card cash withdrawal limit refers to the limit assigned by the credit card issuer regarding the amount you can withdraw using a credit card in UAE. Note that this limit is different for different customers. Moreover, it is based on certain factors like credit score, salary, type of credit card, and so on. To know more about your credit limit, contact ADCB bank.
Like any other product or service, the cash advance feature of ADCB credit cards comes with several advantages and disadvantages. However, when used responsibly, it acts as a useful service for financial emergencies. It saves you a lot of time as well as cash problems. On the other hand, when used repeatedly within a short duration, it can push you into hefty debts. Below are some other pros and cons of ADCB credit card cash withdrawal:
To withdraw cash using your ADCB credit card, you'll need to visit your nearest ADCB ATM facility. If you're using this feature for the first time, then you will need to generate the ATM PIN, which can easily be done through the ATM and your registered mobile number. Follow the below steps to withdraw cash using ADCB credit card:
Before you draw money using your credit card make sure that you have through knowledge of the levied charges . Ensure that you use this feature as the last option in tough financial times and repay the amount at the earliest.