Credit Card in UAE

American Express Credit Card Cash Withdrawal

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Most Popular Credit Card in UAE

In this age where people are always searching for convenience, credit cards can actively save your time and effort. A lot of people prefer using credit cards because you can complete cashless transactions with just a simple swipe in a matter of minutes. Moreover, credit cards also offer massive benefits and complementary rewards. The only catch is that you will have to pay a nominal membership fee every year.

Depending on the type of credit card issued by the bank, every credit card has a certain transaction limit. Moreover, you can withdraw cash using credit cards but a specific withdrawal limit is imposed on the credit cards.

You can avail all of these facilities in the UAE by opting for an American Express credit card. To avail the benefits of American Express credit card, you will be required to pay American Express credit card cash withdrawal charges. Just like any other bank in the UAE, American Express has also imposed a credit limit as well as a cash withdrawal limit on its credit cards. The annual card fees and interest rates may also differ according to the type of credit card you have.

American Express Credit Card Cash Withdrawal Limit and Charges

While issuing credit cards to its customers every bank imposes a certain credit limit and you can withdraw a certain percentage of cash from your card depending on the same. The American Express credit card cash withdrawal limit functions in the same way. Not to mention, you will be required to pay a cash advance fee to American Express to make use of this particular feature.

You can receive more information on American Express credit card cash withdrawal charges on our website and receive the best credit card plan for yourself.

As per the latest guidelines of American Express bank released on 2022 here are the types of credit cards the bank offers to its customers in UAE:

Card Type

Minimum Salary Requirement

Yearly Membership Fees

Retail Interest Rate (%)

Dubai Duty-Free American Express Credit Card

AED 180,000

AED 175

3.25

American Express Gold Credit Card

AED 180,000

AED 395

3.25

American Express Platinum Credit Card

AED 255,000

AED 700

3.25

Advantages and Drawbacks of American Express Credit Card Cash Withdrawal

You can receive numerous benefits from an American Express credit card.

Some of the noteworthy benefits you can receive as an American Express credit cardholder are mentioned below:

  • Effortless transaction - You can use your American Express credit card to withdraw money anywhere in the world at any time. Depending on your overall credit limit you can conduct multiple transactions in a day.
  • Instant cash withdrawals- No paperwork required You can instantly withdraw cash from any ATM using your American Express credit card without the hassle of advance permission or paperwork. However, there is an American Express credit card cash withdrawal limit imposed on every credit card

Here are the disadvantages of using the American Express credit card:

  • The interest rate of your credit card will depend on the type of card you have selected.
  • There is no interest-free period for your credit card.
  • For every transaction you conduct using an American Express credit card you will need to pay American Express credit card cash withdrawal charges.
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American Express Bank Cash Withdrawal Process

If you want to opt for an American Express credit card cash withdrawal, then the first thing you need to do is to visit the nearest ATM in your locality. Below you can find a step-by-step procedure that will assist you to complete cash withdrawal from the ATM:

  1. At the very beginning, you need to swipe or insert your American Express credit card into the ATM.
  2. Choose your preferred language mode from the ATM screen.
  3. Now enter your ATM PIN.
  4. From the menu on the screen choose the ‘Cash Withdrawal’ option.
  5. Enter the amount you want to withdraw and press the submit button.

By following the above-mentioned step, you will be able to receive the cash from the ATM. While withdrawing money from an ATM using American Express credit card cash you need to remember that you will be obliged to pay American Express credit card cash withdrawal charges according to the predetermined rate imposed by the bank. 

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