Can I withdraw money from a credit card without commission? Credit cards: reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Practically everyone now has a credit card in stock, so to speak "just in case". This is a convenient banking tool for paying for purchases both in regular stores and on Internet resources. Is it possible to withdraw money from a credit card without paying interest?

What interest is for

Any financial institution will never work at a loss, therefore, creating loan products even on the most favorable terms for the client, the bank will not offend itself. Why are there commissions and interest for using cards?

Firstly, ATM maintenance and rent is not cheap, so many banks charge interest for withdrawing funds, and for some organizations they can reach about 10%. Secondly, issuing and maintaining the card also requires money from the bank, so usually a financial institution takes a commission either for issuing a card or for servicing it in the form of a monthly or annual fee.

But theseBanks compensate for the nuances by the fact that interest is not taken when paying for purchases or housing and communal services, as well as for transactions in online stores and when paying for mobile phones.

In addition, all banks offer interest-free periods for using a credit card. They can be from 50 to 100 days. If the debt is repaid within the specified period, the bank does not charge a commission for using the money.

But still, can I withdraw money from a credit card?

How to cash out

For cashing out money from a credit card, the bank can take interest, and a lot of it. But there are some tricks, knowing which, you can withdraw money without interest.

Everyone is familiar with electronic wallets "WebMoney", "Yandex. Money", "Qiwi", etc. It is with the help of them that you can cash out a credit card. For the transfer of small amounts, of course, the bank will remove the percentage, and the service will take a commission. But starting from 3,000 rubles, you can withdraw money from a credit card without commission.

The only thing is that in any case, the payment system will take its percentage when the money is withdrawn from the electronic wallet. But here it is already worth considering whether to give 0.8% (commission of payment systems), or from 3 to 7% (commission of banks). The very percentage for withdrawing cash from a credit card depends on the conditions of the bank.

But, when withdrawing funds from a credit card, the bank client must remember that in this case the grace period will not work, and you will have to pay like for a regular loan. Credit cards, reviews of which are mainlypositive, since it is an indispensable assistant in the absence of own funds, you need to use it wisely so that you do not pay high interest later.

Bank offers

Let's look at how to withdraw money from a credit card of various banks.

Bank name	Basic conditions
"Tinkoff"	minimum withdrawal amount 3,000 rubles; withdrawal limit is 300 thousand rubles. +% on the map; for exceeding the limits, the bank charges a commission of 2%; when withdrawing less than 3 thousand rubles. the commission will be 150 rubles.
Sberbank	withdraw funds to an electronic wallet, the minimum amount is 3000 rubles; go to the bank's cash desk to withdraw funds (the commission will be up to 1.5%); commission for withdrawing from a Sberbank ATM - 3%, but not less than 390 rubles; commission for withdrawals at third-party ATMs from 4%.
"Alfa Bank"	commission for cash withdrawal depends on the type of card and according to the terms of the agreement, but not less than 500 rubles; grace period for cash withdrawals is preserved; the bank offers a cashback card service for purchases.
"VTB 24"	Without interest, you can withdraw only your own funds; depending on the type of card, the withdrawal percentage varies4.9 to 5.5%; you can withdraw at least 300 rubles; maximum limit per day no more than 300 thousand
"Bank of Moscow"	own funds can be withdrawn free of charge; credit funds are withdrawn for 3%, but not less than 250 rubles; you can withdraw funds from ATMs of other banks for 1%, but not less than 150 rubles; a free card issue can be considered a bonus.
"Russian Standard"	1.5% is provided for the withdrawal of own funds, but not less than 150 rubles; 4.9% is provided for the withdrawal of borrowed funds; you can use ATMs, terminals, electronic transfers to withdraw funds; grace period is not saved.

Some tricks

For those who constantly use a credit card, the question "is it possible to withdraw money from a credit card" is quite relevant.

And apparently, it was these users who came up with some tricky ways to avoid high commissions and interest for cashing out.

Here are some of them:

1. Purchase any item in the store. According to the Consumer Rights Act, goods can be returned within two weeks without giving reasons. After paying for the goods with a credit card, the refund can be made in cash. Thus, the percentage for the purchase is not withdrawn, and after a while there is cash in the pocket.
2. Commitpurchase in the online store. When paying for a purchase with a credit card, the bank does not charge interest. Then, after a while, you can cancel the order and request a refund to the debit card. But in this case, you will have to wait up to five business days.
3. Invite a friend to use a credit card for a purchase. In this case, a friend or acquaintance of the owner of the credit card pays for his purchase using the proposed credit card. Accordingly, the cardholder receives cash in the equivalent amount.
4. Mobile phone payment. Replenishment of a mobile account from a credit card occurs without interest. Then you can withdraw this money to a regular card. But here you need to remember that the mobile operator can charge interest for their services. It turns out that the money will leave the credit card without commission, but the operator will have to pay.

In addition to these tricky ways, there are probably other options on how to withdraw money from a credit card with a minimum percentage or no interest, but nothing is known about them yet.

Terms of registration

When applying for a card, it is better to clarify with the bank manager whether it is possible to withdraw money from a credit card and what percentage will be charged for this, so that there will be no surprises in the future.

The conditions for issuing a credit card are quite simple:

• The borrower can visit a bank office or fill out an online application for a card.
• The borrower must be between 21 and 70 years of age.
• Must have a regular income.
• The borrower must have a residence permit in the region where hedraws a card.
• You must provide the documents requested by the bank. Usually this is a passport and a second identity document. If the amount on the card is large, the bank may request a certificate of income.

In general, as can be seen from the requirements, they are similar to those presented when applying for any loan.

Reviews

Credit cards, reviews of which are very diverse, are very popular. Bank customers claim that this is a great helper in situations where money is urgently needed, and the salary is still far away.

Very saves the grace period that each bank provides. It turns out that you can use the money and not pay a commission. If you wish, you can withdraw money, but here you must take into account the percentage for this process.

Since the most recognizable and widespread bank is now Sberbank, then, accordingly, the clients of this bank have questions: does Sberbank allow you to withdraw money from a credit card? Service fee? Is there a grace period after surgery?

According to the reviews, it can be answered that this financial institution allows you to withdraw money from credit cards, as well as transfer them to electronic wallets. In the first case, the commission will be from 3% and the grace period will not work, in the second - if the amount is higher than 3000 rubles, then the percentage is zero and the grace period remains.