DBS Bank Credit Card Cash Withdrawal

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Understanding Cash Withdrawal Fees Associated with DBS Bank Credit Cards

There are numerous benefits of a credit card, one of which is the cash withdrawal facility. It gives you the option to get access to cash at any time, as long as you are eligible for it. Simply visit the nearest ATM and withdraw the amount you need.

You can make use of the Bajaj Finserv DBS Bank credit card cash withdrawal facility at most ATMs in case you need emergency cash. However, it comes with a withdrawal limit and certain charges.

Cash Withdrawal Charges on Bajaj Finserv DBS Bank Credit Card

The issuer levies specific charges when you withdraw cash using your card. You can find these charges on your card statement. Here is an overview of the Bajaj Finserv DBS Bank credit card cash withdrawal charges:

Facility	Cash Withdrawal Charges
Cash Withdrawal	2.5% of the amount withdrawn or ₹500, whichever is higher

Disclaimer: The above-mentioned fees and charges are subject to change as per changes in the bank’s policies.

Interest Rate on Bajaj Finserv DBS Bank Credit Cards’ Cash Withdrawal Charges

Apart from these fees, you will also have to pay interest on the amount you borrow. This applies from the day you withdraw until you repay the entire amount. Here are the applicable interest rates:

Type of Customer	Interest Rates
Cash Advance by a Customer with a Credit Card History	3.75% per month or 45% per annum
Cash Advance by Others	4% per month or 48% per annum

Disclaimer: The above-mentioned fees and charges are subject to change as per changes in the bank’s policies.

Bajaj Finserv DBS Bank Credit Card Cash Withdrawal Limit

The limit for this facility will be shared with you when the bank delivers your card. You can also check it on your monthly statement. DBS Bank will determine your cash limit at its discretion and may change the terms as needed.

Difference Between Credit Card Cash Withdrawal Limit and Credit Limit

Every credit card comes with a credit limit, which is the maximum amount you can use with it. You cannot use your credit card for amounts beyond your credit limit. On the other hand, the cash withdrawal limit is a subset of your total credit limit.

It is the amount of cash you can withdraw with your credit card. The cash withdrawal limit depends on the issuer’s policies and the type of card you have. The issuer typically discloses both limits upon card approval.

Generally, the cash withdrawal limit can range between 20% to 40% of the total credit limit. For example, if your credit card limit is ₹1.5 Lakhs, your cash withdrawal limit may be between ₹30,000 - ₹60,000.

This limit is a part of your total credit limit. If you withdraw cash to the maximum limit, your available limit will be between ₹90,000 - ₹1.2 Lakhs.

How to Make a Bajaj Finserv DBS Bank Credit Card Cash Withdrawal

Withdrawing cash with your card is quick, easy, and convenient. To withdraw cash from a DBS credit card, follow the steps below:

Visit an ATM near you
Insert or swipe your card in the slot
Enter your PIN and the amount you want to withdraw
Submit the request and collect your card and cash

Pros and Cons of the Bajaj Finserv DBS Bank Credit Card Cash Advance Facility

In emergencies, credit card cash withdrawals can provide quick access to funds. However, they have certain drawbacks. Here is a summary of the pros and cons of using this option:

Pros	Cons
Quick access to funds during emergencies	High interest rates, which accrue immediately
ATMs allow easy physical cash withdrawals when needed	Cash advance fees increase the overall borrowing cost
No collateral is required, unlike other types of loans	No grace period as interest is levied on the cash withdrawn right away
Available to businesses with poor or no credit history	Cash advance limits are often low
Can help maintain liquidity during unexpected expenses	Not a long-term financial solution due to high interest charges

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Is the cash withdrawal facility available on all Bajaj Finserv DBS Bank credit cards?

Yes, the cash withdrawal facility is available on all Bajaj Finserv DBS Bank credit cards. However, the cash withdrawal limit depends on the type of card you have and your total credit limit. It also depends on whether you are eligible for it.

Can I increase the cash withdrawal limit?

Your cash withdrawal limit is dependent on your total credit limit. Some issuers may allow you to increase the limit, so you can withdraw more cash.

What are the charges on cash withdrawal through Bajaj Finserv DBS Bank credit cards?

With your card, you can withdraw cash at a flat advance of 2.5% (minimum ₹500) on the withdrawal amount. DBS Bank also applies an interest rate on the sum withdrawn.

Is the cash withdrawal facility from Bajaj Finserv DBS Bank credit cards interest-free?

No, you cannot get an interest-free grace period for cash advance transactions you make using your Bajaj Finserv DBS Bank credit card. The bank levies interest charges on cash advances from the day of withdrawing funds.

Can I use more than my credit and cash limit?

Generally, you cannot use more than your total credit and cash limit. Some issuers may offer an overdraft facility. However, they may charge a higher fee for that.