Wednesday, March 17, 2010

How much money can I withdraw from my credit card at the bank?

I am a student and going to be a senior in high school. Anyways, I am sometimes low on money and go to places where they do not accept credit cards. I do not have a debit card of my own yet and my dad is the cosigner on the credit card in my name. I was wondering what the limit was for withdrawing money from a credit card at the bank? Thanks.

How much money can I withdraw from my credit card at the bank?
That would depends on the limit that your credit card company set for you. If it is not printed on the monthly statement, you can call the issuing bank to find out. However, I would suggest that you try not to withdrawal money from your credit card as the bank generally charge you a service fee and charge you a high percentage in interest for the cash advance made from the credit card.
Reply:You can not "withdraw" because it's not a bank account. You can get a "cash advance", but be prepared to pay a large cash advance fee. This is not for being short of cash but for emergencies. Call your customer service number and ask for the "available for cash advance amount".
Reply:It all depends on the Credit card. Some cards have a certain limit that you can take out for a cash advance, others don't. You would have to contact your credit card company to find that out..but the most you can withdraw from any ATM in one day is $500. I hope that helped, %26amp; if you have anymore questions about it, feel free to email me :)


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