If you have a State Bank of India credit card then by now you might have an idea that you can withdraw money from the card. But there are a few things that you should know. In this guide, I will tell you how you can withdraw cash from SBI Credit Card.
The first and foremost thing you should understand is that cash withdrawal using a credit card is not free. You will be charged for the withdrawal. The company charges 2.5% of the withdrawal amount of Rs. 500 (whichever is higher) every time you withdraw cash. (interest will be applied if you don’t pay back before the due date)
The second thing you should know is every card has its own available cash limit. This limit differs from card to card. So first check how much is the cash limit of your card. And then you can proceed with the process of withdrawing the cash using your credit card.
The Process of Withdrawing Cash Using SBI Credit Card
You can use the ATM machine of any bank. It is not mandatory to use the machine owned and operated by the State Bank of India only. Follow the instructions given below.
- Enable ATM transactions of your SBI Credit Card.
- Check the available cash limit of the card.
- Locate any ATM machine that is near your current location.
- Insert the card into the machine.
- Select the language in which you want to use the machine.
- Enter your 4 digits credit card PIN number.
- Enter the amount of money you want to withdraw.
- Wait till the ATM machine dispenses the cash.
- Collect the cash and the receipt for the transaction.
Conclusion
This is how you can withdraw cash or money using your State Bank of India credit card. There is no doubt this feature helps a lot to get the cash when needed. But I recommend you to use this feature only when it is necessary. For more details, you can call the customer care of the company.