Is it possible to withdraw money with a credit card? Credit card with preferential cash withdrawal
Holders of plastic cards with a cash limit will certainly be interested in learning how to cash out funds from credit card without interest. After all, thanks to this knowledge, they will be able to avoid a large overpayment of commissions. In this article, we will analyze in detail all the existing legal options for such an operation.
From this article you will learn:
Why does the bank charge interest?
Of course, banks will never work at a loss. Therefore, when creating any loan products (no matter how beneficial they may be for customers), financial institutions must also take care of themselves. That's why they charge interest and fees on credit cards.
Obviously, renting and maintaining ATMs is quite expensive for banks. Therefore, if the client wants to cash out, most organizations will take interest for this (sometimes the commission reaches 10%). Card issuance and maintenance also require certain financial costs. Credit institutions cover these costs with the help of annual or monthly deductions from cardholders.
However, these negative points are offset by the fact that banks do not charge interest when paying for mobile communications, housing and communal services, purchases, as well as when making transactions in online stores. Moreover, each financial institution provides its customers with a period of interest-free use of a credit card (approximately 50-100 days), when you can cash out the required amount for free. When paid by the customer credit debt during due date interest is not charged.
Can I withdraw money from a credit card?
Credit cards are primarily intended for non-cash payments. Therefore, think carefully before withdrawing cash from an ATM or cash desk. This can cost you quite a bit due to the high interest rates. It is better to use your credit card for its intended purpose - to pay for goods and services in stores. As a rule, banks do not set commissions for non-cash transactions.
The interest will be especially high if you cash out using one of the following methods:
- at ATMs of other banks;
- without first depositing money into a credit card account.
But even in these cases, everything will depend on which client of which financial institution you are. So, some organizations will take their interest even if you cash out from a credit card. own funds(about 1-10% of the amount). And others will allow you to withdraw without interest only a specific a small amount. Also, the bank may introduce a minimum interest payment, which is why it will be simply unprofitable to cash out a small amount.
How to cash out a credit card without interest in 2019? Is it possible? Yes, there really is such a way. It's pretty non-standard, but it works. First, transfer the required amount from your credit bank card to a debit card received from the same bank. And then withdraw money from debit card without interest. Unfortunately, financial institutions have become less and less likely to provide such an opportunity to their customers. Sometimes they set the minimum amount withdrawals to comply with the conditions for issuing cash without commission. But the fact is that many banks are well aware of the possibility of cashing out a credit card without interest and position it as additional service. At the same time, they try to extract the maximum benefit from an already working tool.
Until recently, owning a credit card in Russia was considered prestigious. People of medium and low incomes perceived a credit card as an excess, just part of the image. However, today advertising of plastic cards is full of everywhere: in shopping centers, on the streets, on the Internet. Payment systems and financial institutions spend a lot of money trying to impose a credit card on customers and teach them how to use it.
And I must say that their efforts are not in vain. Credit card has already become an integral part of the life of every Russian. Now people practically do not carry cash with them. So, they are less worried about their loss. In addition, thanks to a payment instrument with a certain limit, we can at any time buy goods that are not available to us without borrowed funds. However, if you want to cash out loan funds, remember that any service or service requires its own payment.
Most likely, you have already understood that withdrawing money from a credit card is not too profitable. Moreover, people try to avoid cashing out operations even when accessing grace period. Because it is short-lived and is almost always used for non-cash payments. But, despite this, the demand for credit cards is not reduced at all.
The statistics show that for Last year credit cards are most actively interested in pensioners and young people under 25 years old. And the average amount of the credit limit is increasing every day. This means that after some time, credit card holders will have to spend more money to cash out. And banks, of course, will receive more income from this.
Based on the foregoing, it can be concluded that for holders bank cards it is best to use them for their intended purpose. This will allow people to constantly increase their account limit, receive a grace period, bonuses, the opportunity to participate in various drawings and promotions, as well as enjoy other offers and privileges.
If you are already a borrower or are just about to become one, find out all the nuances of lending and pay special attention to bank rates and interest. Even when applying for a credit card exclusively for non-cash payments, we still recommend that you carefully study the information on the amount of interest for cash withdrawals. Usually banks set from 3 to 7% commission. But don't rely on averages. Instead, check the percentage in each individual bank and for each individual product (at least for the most popular of them).
Knowing already at the stage of issuing a credit card that in the future you will need to cash out money, especially pay special attention to the interest provided for this operation.
Please note that interest may be charged by both the issuing bank and a third-party lender, through a cash desk or ATM where you withdraw funds (approximately 3-5%).
Usually this applies only to credit funds, but there are exceptions. Other important points to consider as a borrower:
- Restrictions on a one-time withdrawal of credit funds depend on the type of credit card and the method of cashing it out. Large amounts are best received at the box office.
- If you cash out only a small amount, then the service will be especially disadvantageous. The fact is that any credit institution provides for the so-called safety net - minimum fee. For example, it will not be possible to cash out a credit VTB card without interest. You will have to pay 5.5% of the total amount (at least 300 rubles).
- Sometimes banks offer their customers to cash out credit cards without interest, but within the monthly / daily limit. Let's give an example of how to cash out an Alfa-Bank credit card without interest. Under the terms of the "100 days without interest" promotion from Alfa-Bank, you can cash out money for 0 rubles. But at the same time, the total amount should not exceed 50,000 rubles per month. Please note that some financial institutions charge additional interest for exceeding the limit.
Credit institutions that allow their customers to cash out money on the most favorable terms include: Promsvyazbank, Raiffeisenbank, Otkritie, Absolut, Novikombank (withdrawing money at their ATM), Sovcombank, Russian Standard", "Renaissance", " Tinkoff Bank". For withdrawing cash from a Sberbank credit card within the one-time limit, the client will have to pay 3% of the transaction value (when using the issuer's ATM). Below is a table that will help you better navigate the nuances of this topic and compare the offers of different organizations:
Bank | Map/Type | Commission percentage when withdrawing through your ATM / cash desk | Commission percentage when withdrawing through third-party banks |
Sberbank | Credit card "MasterCard" ("Classic") | 3% (minimum 390 rubles) | 4% (minimum 390 rubles) |
Gold | |||
"Premium" | |||
"Alfa Bank" | "100 days without interest" | up to 50,000 rubles per month - free of charge, with large sums- 5.90% (not less than 500 rubles) | |
"Classic"/"Standard" | 4.90% (at least 400 rubles) | ||
Gold | 4.90% (at least 400 rubles) | ||
Platinum | 3.90% (not less than 300 rubles) | ||
"Cash Back" | 4.90% (at least 400 rubles) | ||
"Crossroads" | 5.90% (not less than 500 rubles) | ||
"Tinkoff" | Platinum | 2.90% + 290 rubles | |
"Eastern Express" | "Cashback" | 4.90% + 399 rubles | |
Raiffeisenbank | "#at once" | 3% + 300 rubles | 3.90% + 300 rubles |
"Renaissance Credit" | "Credit card" | 2.90% + 290 rubles | |
"Russian standard" | Platinum | During the first 30 calendar days from the date of signing the agreement, no fee is charged, and after that - in accordance with tariff plan: 3.9% + 390 rubles | |
"UBRD" | "120 days without interest" | 4.99% (not less than 500 rubles) | |
"Mail" | "Element 120" | 5.90% (not less than 300 rubles) | |
"VTB" | "Multicard" | 5.50% (not less than 300 rubles) | |
"Fast Money" | "Quickmap" | When withdrawing from 3000 rubles, no commission is charged | |
Sovcombank | "Halva" (money in installments for 3 months) | 2.90% + 290 rubles | |
"Golden Key" | 2,90 % | 2.90% + 100 rubles | |
"OTP" | "Clear Map" | for free | |
"Opening" | "opencard" | 3.90% + 390 rubles | |
"Rosbank" | "#EVERYTHING IS ALLOWED" | 4.90% of the amount (at least 290 rubles) | |
Promsvyazbank | "Double Cashback" | 3.90% + 390 rubles | |
"MKB" | Mastercard Standard Visa Classic» | 4.90% (not less than 250 rubles) | |
"Absolute" | « VISA Platinum Rewards» | 2.90% (not less than 290 rubles) | |
"Loko-Bank" | Standard | 4% (not less than 200 rubles) | |
UniCredit | « Standard Mastercard» | 3.90% (not less than 390 rubles) | 3.90% (not less than 450 rubles) |
Citibank | "Just a credit card" | for free | |
Novikombank | "Classic"/"MasterCard Standard" | 2% (not less than 200 rubles) | 4% (not less than 200 rubles) |
17 ways to cash out a credit card without interest
For the owner of a credit card with favorable conditions, who does not want to change it to any other financial management tool, we recommend choosing the most comfortable way to bypass the requirements of the issuing bank to pay interest for cashing out money:
1. Withdraw cash from an ATM.
This is the most popular way. Credit institutions often provide their customers with a grace period for using the card (VTB, MDM, Bank of Moscow, PSB, Alfa) and from time to time conduct generous promotions that allow you to cash out available credit funds for free. This happens quite rarely, so be sure to take advantage of the opportunity when it occurs.
2. Ask for help from family members or friends.
A credit card is intended primarily to help its owner pay for services and goods in non-cash form and in right moment. Banks do not have the right to charge additional commission interest on any non-cash transactions (in accordance with changes in legislation from 2018). If you find such activity in your transaction history, please contact hotline or the nearest branch of the financial institution of which you are a customer. The bank is obliged to credit the lost funds back to your account.
How to cash out a credit card without interest and commission? The above information gives you the opportunity to go shopping with your family or friends, so that you pay for them with your credit card. save cash receipts, calculate the expenses and ask your friends to give you the money spent from the card account in cash.
Register in the payment system "Qiwi", "WebMoney", "Yandex.Money" or another similar service and create your own virtual wallet. Transfer your credit funds to it, after which you can cash out the borrowed finance.
To do this, do the following:
- Register an online wallet. All you need is the Internet, a phone and a couple of minutes.
- Transfer money from your credit card to the created electronic account. In case of any difficulties with cash, apply for a credit card online (possibly without a credit history).
- Transfer money from an electronic account to a debit card desired bank.
- Ready. Now it remains only to cash out the money without paying any interest.
When considering how to cash out a credit card without interest, it is important to understand that each payment system takes his own commission. So if you listed credit limit to the Qiwi wallet, then you can send this money to a card of any bank (suppose, Sberbank). However, the payment program will take its 2% of the transfer amount plus 50-100 rubles on top.
At the same time, many issuing banks (for example, Tinkoff) provide for more high interest for cashing money from a credit card: at least 2% of the transaction amount + 290 rubles on top. And the Sberbank commission is 3 and 4% for withdrawals at branded and third-party ATMs, respectively.
You may have a completely logical question: “Why do credit organizations leave such obvious loopholes for borrowers to cash out loan funds without paying interest?” Everything is simple. As we said earlier, online transfers are a type of non-cash transactions for which it is forbidden to require a fee.
Here we will talk about how to cash out a credit card without interest using such popular services as "Contact", "Unistream", "Leader" and others.
Proceed as follows:
- deposit money into any online wallet;
- transfer them to your data (full name) in "Contact" or another similar system;
- contact the branch of this service, show the employee your passport and transaction number (it will be sent to the address you specified mobile number);
- instantly cash out the required amount.
5. Online wallet cards.
How can I cash out a credit card without interest if the money is in an online wallet? Use a plastic card issued by the selected system. Clients are usually given a choice of "Mastercard", "Visa" or virtual card. Withdrawing cash without any losses in this case will not work. However, it is much more profitable to carry out financial transactions with such cards.
6. Purchase a certificate or a prepaid gift card.
Prepare your credit card and choose one of the options below:
- Buy a certificate from a partner of the issuing bank (suppose, in a shopping center). Get all possible bonuses, then transfer the available funds to your account and cash them out. This option is especially suitable for clients of Russian Standard Bank, as it has a huge number of partners.
- Arrange with a representative of the institution to resell your “gift” to another person for cash. If you calmly explain the situation, many are ready to meet the client halfway.
7. Regularly visit blogs and forums on the topic of joint purchases.
Everything is extremely simple here: offer to pay for goods (considerable sums are involved in joint purchases) for all participants in the transaction, provided that they transfer their shares for purchases to your debit account, from which you can easily cash out the required amount in the future.
If these tips to cash out a credit card without interest don't work for you, try this one. Use credit money to buy some expensive goods (for example, household appliances). Do not use it and before the end of the period established by the law "On the Protection of Consumer Rights", contact the company with a request for a return.
Write a statement stating that the payment should be returned to your other account. Do not back down if the seller claims that the money for the purchase is returned only to the same account. Explain to him that you have already returned plastic card bank at the end of its validity period, or you have completely lost it and do not want to restore it. Store managers are rarely savvy in these matters. Therefore, your request will most likely be granted. Be polite but persistent.
In the same way, you can book a hotel room with credit funds and then cancel the reservation (make sure this service is free) and cash out. Talk to the employees of the service through which you are going to carry out the operation in advance. Ask them how to get a refund for a booking when access to the debit card is irretrievably lost.
It is possible to legally return funds to the same card, but without deducting interest. Similar operations were carried out on the "Corn" card with "Double Benefit". Another interesting option: suppose the bank set a 5% cashback for travel purchases in the current month. Then in the last days of the month book one of the most expensive hotels and get 5% for it. And in next month(when the tourism cashback is 1%) cancel your booking. As a result, when you return funds from your account, 1% cashback will be written off, and you will keep the profit of 4%!
How to cash out a credit card without interest? If you are a credit card holder, issue a debit card in the same bank. After that, make a transfer between your accounts. Issuers will not be able to refuse you this transaction. Usually, much lower interest is charged for it than if you cash out the limit through a terminal or ATM.
It should be added that such an operation can be performed only if the credit institution has online banking. Then, if you have a credit and debit card of the same bank, you will be able to quickly and practically free of charge transfer money from account to account. This means that you can cash out without paying interest.
10. Become an owner of RNKO cards.
These include Beeline, Corn, etc. The main advantage of these cards is the ability to replenish your account from other cards in personal account or withdraw money without interest to the accounts of certain banks (operations are positioned as loan repayment), and then cash them out. Another undoubted plus is participation in bonus systems that allow you to get good privileges.
11. Use payment terminal or ATM.
How to cash out a Sberbank credit card without interest using an ATM or terminal? As we know, through these devices you can top up online wallet, as well as pay off debts in other banks (that is, transfer finances to any account) for free. As an example, the procedure for replenishing Yandex.Wallet should be given.
12. Transfer money from one card to another.
More recently, to complete such a transaction, it was necessary to indicate the details of the recipient and the account number. However, since Visa technologies Money Transfer and Mastercard Moneysend have changed everything. Now, to make a transfer, it is enough to know only the card number, and the transfer is fast.
Such operations can be performed in almost all ATMs, as well as online. However, be on the lookout. The fact is that both the issuing bank of the sender's card and the service that carries out the transaction will take interest. And sometimes also the recipient's bank card. On the other hand, some organizations are more relaxed about such transactions and do not charge interest for their implementation (MDM, Russian Standard). This means that you have another chance to cash out credit funds for free.
13. Order a virtual card.
In the material sense, these cards do not exist, there are only details. They are quite convenient to use for purchasing goods on unfamiliar websites: issued a card, replenished an account, bought a product, closed it. In this case, an unscrupulous site administrator, with all the desire, will not be able to write off extra money from your account. Today, virtual cards are used in various payment services and in almost all banks. Some credit organizations allow you to link them to credit accounts and thus bypass cash withdrawal bans. You just need to pay for a virtual card with a credit card, and then cash out the required amount from it. These cards are also used by mobile operators.
How to cash out a credit card without interest in this case? The expression "scroll through acquiring" means to use the payment point in agreement with its owner. As a rule, this goes beyond the interests of the latter. After all, the institution that provides the acquiring service takes its commission, which means that the question of paying taxes arises.
15. Explore the possibilities of mobile operators.
To date, operators not only perform their basic functions - they provide the population with high-quality mobile communications. After the big three operators took over the market, they redirected their energy to the development of other business sectors. When the Beeline company offered its customers payment for services and goods from the balance of the phone (" Mobile payment”), she went to a new level. At that time it seemed fantastic: to pay for a communal apartment from a mobile phone! Of course, after that, Megafon and MTS also had to comply. There are a huge number of ingenious schemes that allow you to cash out credit funds through SIM cards with bonuses. In addition, Megafon is now cooperating with Qiwi and provides its customers with the opportunity to transfer their balance to an online wallet for free.
The law also allows the use of mobile operators, terminating contracts with them and returning unused funds. True, the application for termination is considered for a long time, sometimes up to 2 months.
16. Use an e-currency exchanger.
This is a rather exotic option for cashing out a credit card without interest. As a rule, exchangers charge huge interest. And no wonder, because this is the main source of their income. However, they can be used as one of the links in the chain. So, some services allow you to purchase e-currency directly from cards, while others make great discounts for cash and volumes. It is important to remember the risk, since the exchange is very different from the payment or banking system. If your funds are lost, it will not be easy to get them back.
17. Use third parties (forex brokers, etc.).
Other firms directly related to financial management activities (bookmakers) may well become your transit points. Most of them will not allow you to cash out funds without their intended use for some time. To combat money laundering and illicit trafficking Money they try to adhere to the condition "from where they entered - there and withdraw." But often, customers still enter finances from one card and withdraw them to another. At the same time, in order to attract customers, the input-output of funds usually occurs with insignificant commissions or is completely free.
The popularity of credit cards is primarily due to their main advantage. It lies in the fact that this banking product provides a simple and effective option receipt by the client of borrowed funds for sufficient favorable conditions. In addition, a credit card acts as a convenient means of payment when making a variety of non-cash payments. Naturally, there is also the possibility to withdraw money from a credit card, however, this financial transaction has a number of features, which makes it unprofitable in relation to the type of banking plastic in question.
Cash withdrawal fee
In order to cash out money from credit cards, various methods are used. Naturally, the following methods of carrying out this financial transaction are the most popular:
- With the help of an ATM and other self-service devices of the financial institution that issued the credit card;
- In terminals of third-party banks;
- At the register credit institution that issued the card, or other financial institutions.
In other words, functionality credit cards do not differ from the usual set of functions of debit plastic. However, it must be understood that withdrawing cash from a credit card is much less profitable. This is due to a number of factors, which include:
- Cash withdrawal fee. The amount of interest charged by the bank depends on the specific conditions established by one or another credit institution. In most cases, the commission value fluctuates between 1-2% and 5-6%;
- Limit on the amount of a single withdrawal, as well as by the amount of cashing out per day and month. Another limitation that does not allow withdrawing money in the amount that the credit card holder needs;
- Non-inclusion of cashed funds in the grace period of lending when the cardholder uses the bank's funds interest-free;
- Increased loan interest taken in cash. This condition is included in the service contract bank card by some banks and often goes unnoticed by credit card holders.
Important! Before withdrawing money from a credit card, it is imperative to clarify the amount of the commission and other conditions for servicing the card associated with cashing out. Otherwise, the additional payout will be an unpleasant surprise.
Given the above, it becomes clear why a credit card is considered a convenient means of payment for making cashless purchases in real outlets or online stores. At the same time, you should use a credit card to withdraw cash only in extreme cases, when there is simply no other way out.
How to withdraw money without commission
Of course, the unfavorable conditions for withdrawing funds made the question of how it is possible and whether it is possible to withdraw money from a credit card without commission at all. The answer to it is quite simple - it is quite possible to exclude or, at least, seriously reduce the interest charged by the bank. However, for this, it is necessary to make sure that the financial institution perceives the operation being performed as non-cash. The following methods are most often used for cashing in this way:
- Payment to phone balance. This type of payment, as a rule, is made without a commission, and funds can be withdrawn upon an application completed at the office of the mobile operator;
- Making a purchase for a cashless payment and then returning the goods. In such a situation, the customer is entitled to a refund when returning the purchase.
Important! The seller may insist on the return of money to the card, which is his legal right. In this case, you need to convince him to return the funds in cash.
- Making a payment for any other person's purchase and receiving cash from that person. Simple and Perfect legal way, which allows you to cash out funds from a credit card without commission;
- Making a purchase, such as booking a ticket or a hotel room, and then refusing to make it. In this case, it is necessary to indicate the number of an electronic wallet or debit card for a refund;
- Usage electronic wallets various payment systems, for example, Yandex.Money, QIWI or WebMoney. In this case, as a rule, it will not be possible to completely avoid the commission, however, it is quite realistic to seriously reduce its value. Money in such a situation is first transferred to an electronic wallet, which the bank perceives as non-cash transaction, and then withdrawn to a debit card with the possibility of interest-free withdrawal.
Important! The listed methods of hidden cashing out of funds from a credit card are quite legal, since it is almost impossible to prove the intent of the owner of the plastic in the imaginary of a particular transaction.
Some Internet resources offer such a way to cash out money from a credit card without interest. It consists in the transfer of funds from a credit card to a debit plastic of the same owner within the bank and their subsequent withdrawal without commission. However, most financial institutions easily track such transactions, logically believing that this is a hidden form of cashing out borrowed funds and accruing an appropriate percentage on them.
Limits on cash withdrawal from the card
An important condition for the use of any credit card is the restriction on cash withdrawals. The amount of limits is set by each bank individually, and it can relate to both a one-time withdrawal and the amount, as well as total amount similar transactions per day, week or month. Typically, the size of the withdrawal limit is a very decent amount, equal to 50-150 thousand rubles per day, which often exceeds the credit limit. So this condition does not play a serious role, unlike, for example, the commission for cash withdrawal and the hanged interest rate wherein.
First of all, it was created specifically for paying for purchases and services by bank transfer. And the bank encourages it in every possible way. For example, if you pay for a purchase with a Sberbank credit card, then a grace period of up to 50 days will apply to it. Therefore, if we manage to return the balance of the card to its original state, then we do not pay any interest for using it. And when buying goods, a credit card is similar to a debit card, i.e. no commission is charged when buying and paying for goods.
Despite these privileges, many of us prefer to use cash and in this case, when withdrawing funds from a credit card, the bank charges a commission. But the most important and unpleasant thing is that when withdrawing cash from a credit card, we do not have a grace period and interest begins to drip from the moment we receive cash in hand.
How to withdraw cash from a Sberbank credit card
- Through the cash desk of Sberbank (in this case, you will need to present a passport);
- Through a Sberbank ATM (credit card required);
- Via cashier or ATM third party bank(commission for the operation will be higher);
- Through payment terminals (any debit card is required, preferably from Sberbank)
- Postal transfer (a postal commission is added to the commission for transferring cash from a credit card);
- Transfer through the Contact or Unistream systems (commissions are quite large, so this method is justified only in case of urgent need);
- Through e-wallets (you will need an e-wallet and a debit card linked to it);
- Through a mobile phone account.
One of the most simple ways Cash withdrawals from credit cards are non-cash transfers. It would seem a good way to avoid paying a commission, but there is no way to avoid it, all the same, with such an operation, Sberbank will withhold the amount of the commission for transferring money.
What is the percentage for cash withdrawal
Many Sberbank credit card holders are tormented by the question, what is the percentage for withdrawals charged by the bank and is it possible to withdraw money without interest?
So, about everything in order:
- commission for withdrawing cash from a Sberbank credit card through a cash desk or ATM of the bank itself - 3%, but not less than 390 rubles;
- cash withdrawal from a credit card through a cash desk or an ATM of a third-party bank - 4%, but not less than 390 rubles.
IMPORTANT: minimum size commission for withdrawing cash from a Sberbank credit card - 390 rubles. This amount has been in effect since February 2015. Previously, the minimum commission was 199 rubles.
Therefore, before you go and withdraw cash, you need to consider that even if you withdraw 200 rubles in cash, you will still pay a commission for this operation in the amount of 390 rubles. These fees will be deducted from the card and interest will accrue on them in the future, so be careful not to withdraw scanty amounts from your credit card unnecessarily. Thus, you withdraw 200 rubles, the bank immediately charges a commission for cashing out and you already owe the bank 590 rubles. This is your duty.
What amount then is more profitable to withdraw so that the commission of 390 rubles is justified?
It is most profitable to withdraw from a Sberbank credit card amounts starting from 13,000 rubles.
Restrictions on withdrawing cash from a credit card
As we discussed earlier, it is recommended to use Sberbank credit cards for making cashless purchases. There is no benefit to the bank from the fact that you withdraw cash, hence the interest when cashing out a credit card at an ATM. Therefore, cash withdrawal is an unprofitable operation for the owner of a credit card, because:
- there is a commission for withdrawing cash from a credit card;
- when withdrawing cash, the grace period is lost, and interest for the use of borrowed funds immediately begins to accrue;
- There are various limits on cash withdrawals.
Limits on cash withdrawals from a Sberbank credit card
- through an ATM from a credit card, you can withdraw no more than 50,000 rubles per day;
- you can withdraw no more than 150,000 rubles per day from a credit card through the cash desk;
- holders of gold credit cards can withdraw up to 300,000 rubles per day through the cashier.
How to withdraw cash from a credit card without commission
Many people are looking for the answer to this question. And the answer is simple: it is possible to reduce the percentage of the commission charged for cashing out a credit card, but it will not be possible to withdraw money from the card without a commission.
One of the convenient ways to do this is to transfer money from a credit card to an electronic wallet and from it, in turn, transfer money to your own and then do whatever you want with it. But here it is important to take into account some nuances: for example, in order to transfer money from the Qiwi electronic wallet, your debit card must be linked to it. When carrying out such an operation, it is important to clarify the amount of the commission charged for transferring to a wallet and the commission for transferring from a wallet to your debit card, and only after that carry out this simple operation.
So, what do we need to cash out money from a credit card:
- You need an electronic wallet: Qiwi, Webmoney or Yandex money.
- You need a debit card, the account of which is linked to the e-wallet account.
- We transfer money from a credit card to an e-wallet account. At the same time, the Sberbank system regards this operation as a payment, therefore, no commission is charged for the transfer, and the grace period is preserved. A commission in the amount of 0 to 0.75% is taken by the payment electronic system.
- We withdraw funds from an electronic wallet to a debit card. In this case, a commission of about 1 - 1.5% may be charged, depending on the bank and type of card.
- We withdraw money from a debit card by any convenient way no commission.
Withdrawing money from a Sberbank card to a Qiwi wallet
Using this method you can reduce the percentage of commission for withdrawal from 3% to 1.75%. This method is most suitable for people who actively use electronic wallets to pay for goods and services, because it will take a lot of time for a beginner to get an electronic wallet, go through passport identification there to increase wallet limits and withdraw funds.
In addition, e-wallets also have daily limits for withdrawing funds from the wallet, and all this must be taken into account if you want to withdraw a large amount from a credit card.
Outcome
Use a credit card for its intended purpose - non-cash payment for goods and services, and only withdraw cash as a last resort. Well, if an urgent situation has happened and cash is desperately needed, then resort to cashing out your credit card through electronic wallets. Thus, you can use cash with minimal losses and without losing the grace period for using borrowed funds.
Consider how to withdraw money from a credit card, what conditions may differ in cashing plastic from a particular bank.
Some financial institutions suggest such a possibility, others do not. In this case, the operation can be paid or free (without commission and within the grace period).
Any withdrawal of money from a credit card means the use of borrowed funds, which will need to be paid during the grace period if you want to avoid overpayment. It does not matter whether it is a non-cash payment for goods and services or debiting at an ATM. Some payment instruments do not involve cashing out at all. Others do not provide for a grace period for the return of debited money - the established commission is charged immediately upon completion of such an operation.
If you use plastic, which makes it possible to remove and then use banknotes for settlement, you should familiarize yourself with the features of this procedure in detail.
As a rule, it is more profitable to pay with credit plastic directly. The use of a banking product in this case may be accompanied by the accrual of bonuses from partners, cashback. At the same time, some banks make it possible to withdraw money from a credit card without a commission, while others require additional write-offs for such operations. Previously, some customers transferred funds from credit cards to debit plastic, so that later they could safely cash them out at an ATM. But financial institutions quickly considered this possibility and began to charge a commission for such transactions. Now most banks perceive the transfer of money from one plastic to another as cashing out credit cards.
Is it possible to cash out a credit card without commission?
This question is probably asked by every holder of credit plastic, who at some point needs to pay in cash. In fact, it all depends on the terms of service of the issuing bank. If debiting without commission is allowed, then you can cash out funds to return them without overpayment during the grace period. If not, such a possibility of using plastic is excluded. Looking for any tricks on how to cash out a credit card without a commission is sometimes simply pointless.
Let's take as an example some of the leading banking organization Russia to see what the fee for debit transactions will be.
Among the banks that make it possible to withdraw money from a credit card without commission. These include, for example, Alfa-Bank (“One Hundred Days Without Interest” product) or Raiffeisenbank (“ cash card"). These are credit cards, where a grace period applies to ATM withdrawals and payment for goods and services. But there are banks that do not provide such an advantage. As an example, consider two leading financial institutions Russia - Sberbank and Tinkoff Bank.
Sberbank
If you plan to withdraw cash from an ATM of Sber itself, the debit amount in this case will be 3%, but not less than 390 rubles. If you withdraw funds through a cash desk or an ATM of a third-party bank, the commission at Sberbank will be 4%, but not less than 390 rubles. The overpayment for transactions that are not covered by the grace period is 21.9-25.9%.
For some operations for which a credit card is used, Sberbank (cash withdrawal in this case is similar to transferring funds to other cards or electronic wallets) charges a commission immediately. We can say that some transactions are not covered by the grace period, which means that it will not be possible to return the funds spent without an overpayment. The commission is charged immediately at the time of withdrawal of funds. List the operations for which Sberbank will also require you to pay interest:
- cash withdrawal,
- transfer to another plastic or electronic wallet,
- purchase of currency (not only foreign, but also digital),
- buying lottery tickets,
- exceeding the credit limit
- buying traveler's checks
- payment for online games,
- transactions in casinos and bookmakers.
When transferring funds in Sberbank Online to your own debit plastic, the commission will be only 1%. After that, you can easily cash out money at any ATM of the issuing organization.
Bank Tinkoff
If you have credit Tinkoff card, it will not be possible to withdraw cash without a commission directly. You cannot directly use plastic to get paper money in your hands and not overpay. We will discuss ways to get around this condition below.
Interest for the use of plastic "for other purposes" will be substantial. For example, withdrawing cash from a platinum Tinkoff credit card will be 2.9% of the amount plus another 290 rubles, if you use any other card - 390 rubles.
In addition, you should take into account the amount of interest per annum in the event that you go beyond the grace period. At bank Tinkoff it is 35-45%.
For purchases at some partner stores, the grace period is 365 days. If you purchase a product to return it, there is a chance that you will be given funds in cash, but at the same time there is a high risk that the money will be transferred back to the same plastic with which the payment was made. However, the amount of time the store is required by law to refund the purchase price will be shorter than the grace period, which means you don't run the risk of being forced to pay interest.
How to withdraw money with a minimum commission or without it
Cash withdrawals: negative examples. There are some dubious ways to withdraw money from a credit card so as not to pay a commission. Let's consider some of them.
One of the options for actually cashing out funds withdrawn from a credit card is to return the purchase paid for banking plastic. This method cannot be considered quite convenient for a number of reasons:
- not every product can be returned (hygiene products, underwear, food, dishes made of polymeric materials, household chemicals, medicines, cosmetics and others are not subject to return);
- there is a risk that the store will report the transaction to the bank and the latter will charge a commission without taking into account the grace period;
- the outlet can return the funds to the same plastic that you used when paying for the purchase, and will not issue them in cash;
- the store can return funds within a certain period (some consider the issue within two months), which can lead to going beyond the grace period, and therefore paying interest in accordance with the tariff.
Another way is to pay for a cellular service, after which you can demand that the operator return the accrued funds to you for a set of debit plastic.
But there are also completely legal and, moreover, reliable ways to get money debited from a credit card. Here are some examples:
- paying with a credit card for a friend or relative's purchase, for which he will simply give you the same amount in cash. In this case, you can get cash not only quite legally, but also without commission. This is perhaps the best way of all possible;
- a similar way - the purchase of goods in a pool. You pay with your credit card the entire amount, and everyone who discounts on a purchase returns their part to you in cash. To do this, you just need to find people who will be interested in it, as well as choose a product whose cost does not exceed the limit of your plastic;
- transfer to debit plastic of the financial institution-issuer. In this case, a commission is expected, but it will be minimal;
- using a virtual payment instrument. Once you receive your payment details, you can use them to transfer funds from a credit card and then transfer them to a debit plastic. The size of the commission for each service can be individual. It is better to clarify this condition in advance.
Which method to choose, the owner of the credit card decides. But it is better to use such cash withdrawal methods that will not lead to significant financial losses.
- you should not resort to the services of dubious organizations that offer to withdraw cash from a credit card for a moderate fee. In this case, you risk simply losing borrowed funds, which you still have to return one way or another. Most likely, you will simply give money to scammers. If you definitely need cash, it is better to issue a standard consumer credit with clear conditions and simply pay it within the framework of the concluded contract;
- do not count on the fact that you will be able to freely return the goods and receive funds from the outlet. Unexpected delays may arise, nuances may come to light that will lead to falling out of the grace period and returning money with interest;
- if you use a credit card, it is better to take advantage of its benefits by choosing what to spend money on non-cash payment. In the event that you definitely need cash, it is easier to contact the same bank where you issued the payment plastic to take a consumer loan. In this case, you will be able to write off funds to pay for it, including from a credit card.
Conclusion
So we have considered possible ways how to cash out a credit card. The very possibility of such an operation as withdrawal of funds depends on the terms of service of the issuing bank.
So, a Sberbank credit card makes it possible to cash out a credit limit, but you will have to pay interest for this operation. Some banks issue payment instruments for which ATM withdrawals will be free.
With a credit card for cash withdrawal, it is convenient not only to pay by bank transfer, but also to cash out money through ATMs or bank cash desks. The convenience lies in the fact that there is no commission for cashing out or the percentage is very small.
Since cash withdrawal fees are the bread and butter of banks, they are forced to compensate for losses in other conditions:
- high interest rates;
- no grace period;
- high fees for annual card maintenance.
These conditions are not obligatory companions of cash withdrawal without interest, but very frequent.
Conditions of a favorable credit card for cash withdrawal without commission
You can withdraw money for free only at those ATMs that belong to the banks that issued the credit card. Other ATMs will incur an additional fee. If you contact the cashier, then a certain percentage can also be withdrawn for the service. Moreover, the branch may not have the required loan amount, it must be booked in advance. A limit may be imposed on cash withdrawals (per day, per month, one-time). That is, even if there are enough funds in the account, it will not be possible to withdraw them immediately.
How to take a credit card for cash withdrawal?
The most profitable credit cards for cash withdrawal from Russian banks are on this page. Here you can find out detailed conditions about the loan and make preliminary calculations of monthly installments. To apply for a card you need:
- Compare the presented offers of banks.
- Choose the right one.
After that, after 1-3 (depending on the bank), you will be contacted and offered to come to the branch for the final processing of the card.
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