What does the available cash advance limit mean?

The available limit for cash advance refers to the amount of cash that can be overdrafted and withdrawn by the credit card currently.

The calculation method is as follows: available limit = credit limit - overdraft limit;

So the available limit is 1,000.

However, generally overdraft withdrawals require payment of handling fees and interest. There is a certain interest-free period for overdraft consumption, and no handling fees are required.

Extended information:

When you need cash temporarily at home or abroad, you can use a credit card's cash advance. Generally speaking, the amount of cash that can be borrowed in advance is one-third to the full amount of the credit limit. The total amount plus the total amount of transactions must not exceed your credit limit. However, some banks have limits on the amount of daily cash advances. . You can get cash quickly without any guarantee within a limited amount.

Although you can use a credit card to withdraw cash, please do not use the cash advance function in non-emergency situations because the cost of using a credit card cash advance function is very high.

First of all, there is no interest-free repayment period for using a credit card to advance cash, and interest will be calculated from the day you withdraw the cash; second, the interest rate for cash advance is very high, with a daily interest rate of 0.05% and compound interest. . Third, the handling fee is very high. The handling fee is generally more than 1% and is charged in one time. In addition, there are generally no bonus points for cash advances.

Reference: Baidu Encyclopedia-Cash Advance