Credit card questions: Can I withdraw cash?
- The cash advance fee is approximately 3% of the withdrawal amount, excluding 7% Value Added Tax (VAT), which means that as soon as you withdraw, You will be charged this fee immediately.
- Interest will be charged from the first day of purchase: unlike purchases that have an interest-free period. Cash advances accrue interest from the first moment you receive the money. And the interest rate is generally higher than normal spending.
- The withdrawal limit may not equal the total amount: in most cases. Financial institutions set ceiling limits for cash withdrawals. This may not be equal to the total credit limit you have on your card.

What are the steps for using a credit card to withdraw cash?

1. Withdrawing cash through an ATM
- Must have ATM PIN (4-digit PIN): Most importantly, you must have the "cash code" for your credit card first. Your bank usually doesn't give it to you with your card. You must request a password via various channels, such as your bank's application. or call the call center
- Find an ATM: You can use your credit card to withdraw cash at any bank ATM that has the Visa, Mastercard, or JCB logo matching the symbol on your card.
- Follow the steps on the screen: Once the card is inserted Select "Withdraw funds" or "Cash service" and select the account type as "Credit card". Then enter the desired amount and press confirm.

2. Ordering cash through the application
- Log into the bank application: Log in to the mobile banking of the bank that owns the card.
- Search for cash withdrawal transactions: Generally, the name of the transaction will be used as "Cash on Demand", "Cash Withdrawal" or "Cash on Demand"
- Specify the amount and recipient account: Enter the amount you want to withdraw. Then select a savings or current account of the same bank to receive money.
- Confirm transaction: After checking the information and confirming the transaction. Cash from your credit card limit will be credited to your account immediately. After that, you can use your debit card to withdraw cash from an ATM as usual.Cost details: Fees and interest that you should know before clicking

Compare clearly! Credit card vs cash card, which one is right for us?

Main Difference: Usage and Interest
- Credit cards: designed primarily for spending instead of cash. Whether it's swiping to buy products at stores Pay the service fee or online shopping The most important advantage is the Grace Period, usually 45-55 days, provided you repay the loan in full by the due date. You will not pay even a single baht of interest. But if you choose to withdraw cash from a credit card (Cash Advance), interest will begin to be charged immediately from the date of withdrawal and there will often be a withdrawal fee as well.
- Cash Card: As the name suggests. This card is specifically intended to be a reserve cash line for emergencies. When you need money urgently, you can use your card to withdraw cash from an ATM immediately. But the most important thing to remember is that interest is calculated from the moment you withdraw money and is charged daily. until you repay the entire amount There is no interest-free period like credit cards.

Comparison table of credit cards vs cash cards
Features | Credit card | Cash card
Main purpose: Spend instead of cash, buy products/services | Withdraw cash reserves for emergencies
Interest calculation | There is an interest-free period. (When purchasing products) | Interest is charged immediately upon withdrawal of money. and calculated daily
Benefits | Accumulated points, cash back, store discounts, 0% installments | Most often don't have Focus on the cash limit as the main focus.
Fees | May have annual fee, 3% cash withdrawal fee | Most have no annual fee and cash withdrawal fee.
Who is it suitable for? | People who plan spending, want convenience and benefits from shopping | People who need extra cash to use in urgent and unexpected cases.

Summary: Which one should I choose?

In what cases is it worth paying interest to withdraw cash from a credit card?- Medical Emergencies: When you or someone in your family needs urgent treatment. But the hospital or clinic requires cash to make a deposit or pay for the initial treatment. Withdrawing cash from a credit card can help you get timely access to treatment. This is more important than the resulting interest costs.
- Urgent repair costs: Imagine a car breaking down in the middle of the road. Or a broken water pipe in the house that must be repaired immediately. Some repair shops may only accept cash. Using a credit card to withdraw cash and pay first It will help solve immediate problems and prevent damage that may escalate.
- When abroad or in another province: If you lose your wallet or your debit card doesn't work. Having a credit card that allows you to withdraw cash acts as a "backup plan" that allows you to have cash available to cover necessary food, travel, or lodging costs while you wait for help.
- When having to pay off debt with a higher interest rate: In some cases, for example, if you need cash to pay off debt outside the system with higher interest rates. Taking cash from your credit card to pay off that debt first may be a more sensible option in the short term.

Guidelines for using credit cards to withdraw cash wisely Don't let the debt escalate.
- Used when absolutely necessary Only: This service is provided as a last resort in truly emergency situations such as urgent medical expenses. Not for everyday expenses
- Withdraw only as necessary: Before withdrawing money, calculate the amount you really want to use. To reduce the burden of fees and interest that will follow.
- Hurry and return it as quickly as possible: because the interest accrues daily. The sooner you repay the money, the better. The more money you save. Don't wait to pay just the minimum billing cycle.
- Compare to alternatives: If you know you might need cash often Considering a dedicated cash card may be a better option. This is because they usually have lower interest rates than credit card withdrawals.