YES Bank Credit Card Cash Withdrawal Charges

A YES Bank credit card is an excellent option for making cashless transactions. You can also use the same to make cash withdrawals from ATMs. This facility is available on almost all credit card variants offered by the bank. 

However, YES Bank applies cash withdrawal charges when you use your card for withdrawing funds. Being aware of these charges allows you to make an informed decision.

Specific fees apply when you use your YES Bank credit card for cash withdrawals. Here’s a clear overview:

Apart from the applicable charges, you also have to pay additional interest if you use your card for cash advances. Check out the interest rate applicable on opting for cash withdrawal using the YES bank credit card:

While making credit card cash withdrawals, it is important to be aware of the YES Bank credit card cash withdrawal limit. You can check the limit in the credit card statements generated for your card. 

For most YES Bank credit cards, the cash advance limit is usually 20% of your total credit limit. Thus, if your credit card limit is ₹1 Lakh, then the cash advance you can make with your credit card will be up to ₹20,000.

You can use your YES Bank credit card at an ATM to withdraw cash, just like a regular debit card. Follow these steps to withdraw money with your credit card:

1. Insert your credit card into the ATM slot

2. Select ‘Withdraw Cash’ or its similar option from the available prompts on the screen

3. Enter the amount you wish to withdraw

4. Enter your ‘credit card PIN’ to authenticate the cash withdrawal

In emergencies, credit card cash withdrawals can provide quick access to funds. However, you also have to be aware of this facility’s drawbacks. Here’s a look at the pros and cons of using this option:

Pros:

• Quick access to funds during times of need

• ATMs make it easy to withdraw physical cash when needed

• No collateral is required, unlike other types of loans

• Available to businesses with poor or no credit history

Cons:

• High interest rates that start accruing immediately

• Cash advance fees add to the overall cost of borrowing

• No grace period

• Borrowing limits on cash advances are often low