Industrial credit card has cash advance. What does this mean? I have 4000 yuan left in my card, and the cash advance shows that I can borrow 3500 yuan. If I borrow it, please ask.

Hello, the cash loan of Industrial Bank is similar to the cash loan:

1, all of which are related to the credit card limit * * *, and a part of the credit limit is used as needed; 2. It can be handled through mobile banking, online banking, credit card WeChat official account, good mobile APP, telephone banking and other channels; 3. The daily limit of RMB processing for each card is adjusted to 50,000 yuan.

The difference between cash advances and cash loans of Industrial Bank;

1, different lines: advance cash is the overdraft withdrawal line within the credit line; However, the cash with loan is within the available cash limit of advance loan, that is to say, the cash limit of advance loan should be greater than the amount with loan.

2. Different usage methods: cash advance can be withdrawn by credit card or transferred to my debit card; You can't use a credit card to withdraw cash directly from the loan, but you must transfer the funds within the available cash limit of the early loan to a debit card in my name for use. In other words, there are more channels to use cash in advance than cash in advance.

3. Different service life: Cash borrowed in advance has no fixed service life. As long as the repayment amount is greater than or equal to the minimum repayment amount of the current bill after the date of the current bill, it is not overdue, but the unpaid part needs to bear interest at the rate of five ten thousandths per day and compound interest on a monthly basis;

If the number of days to apply for a loan is within the range of 1-90 days, interest will be calculated daily and compound interest will be calculated monthly. Only the interest generated on the closing date of the account is repaid every month, and then the principal and residual interest are repaid in one lump sum on the agreed repayment date.

4. Different expenses: There are two kinds of expenses for cash advance. 1. A handling fee is required for cash advance, which is 2% of the amount of cash advance, with a minimum of 20 yuan or US$ 2 per transaction; The second is interest, which is charged at the daily interest rate of 0.5% and compounded monthly. There are two fees for borrowing money, one-time handling fee and interest. The standard rate of one-time handling fee is 10 yuan/transaction, and the interest is 0.5 ‰ of daily interest, with compound interest calculated on a monthly basis.

I hope this answer is helpful to you. This answer is provided by Youhuahua, a credit service brand under Xiaoman Finance (formerly Baidu Finance). Big brands are trustworthy. Click on the bottom of the mobile phone to calculate the amount immediately, and the maximum loan amount is 200,000.