IndusInd Credit Card Cash Withdrawal

Most IndusInd Bank credit cards offer a cash withdrawal feature, that allows you to withdraw cash from any ATM using your credit card. The process is similar to withdrawing cash with a debit card. But it comes with higher interest rates and other associated fees. So, you should only use this facility in case of financial emergency when no other options are available.

What is the IndusInd Credit Card Cash Withdrawal Feature

IndusInd Bank offers its credit cardholders the ability to withdraw cash up to a specified limit. This cash withdrawal limit is typically lower than the overall credit limit on the card, and it’s important to understand the distinction between the two.

When you withdraw cash using your credit card, the total outstanding balance—including your purchases, cash withdrawals, and any fees—cannot exceed your overall credit limit.

The cash withdrawal limit is generally around 20-40% of the total credit limit. Your available cash limit at any time is the difference between the total cash limit granted and the outstanding cash balance on your card. Both your available credit and cash limits may vary based on the cardholder and are reflected in your monthly credit card statement.

How to Withdraw Cash Using an IndusInd Credit Card?

Withdrawing cash from your IndusInd credit card is easy and similar to using a debit card. Follow these steps:

1. Visit any ATM (preferably an IndusInd Bank ATM).
2. Insert your IndusInd credit card into the ATM slot.
3. Enter your credit card PIN.
4. Select your preferred language to continue.
5. Choose the "Cash Withdrawal" option.
6. Enter the amount you wish to withdraw and confirm the transaction.
7. The cash will be dispensed, and the transaction will be completed.

IndusInd Credit Card Cash Withdrawal Fee

When you use your IndusInd credit card for cash withdrawals, a cash advance fee is charged. Currently, the fee is:

• 2.5% of the total cash withdrawn (with a minimum fee of ₹360).
• IndusInd Legend Credit Card holders enjoy no cash advance fee which makes it a great option for those who frequently use the cash withdrawal feature.

IndusInd Credit Card Cash Withdrawal Limit

The cash withdrawal limit on IndusInd Bank credit cards varies based on factors like the type of card you hold and the credit limit assigned to you. IndusInd Bank determines this limit, and it’s typically a smaller percentage of your total credit limit.

To find out your exact cash withdrawal limit, you can either contact IndusInd Bank's customer care or check your recent credit card statement for details.

IndusInd Credit Card Cash Withdrawal Fees and Charges:

Pros and Cons of IndusInd Credit Card Cash Withdrawal

Pros of IndusInd Credit Card Cash Withdrawal Facility

1. Emergency Use: Provides quick access to cash in times of financial need, offering a better option than a personal loan with high interest.
2. Pre-Approved Facility: The cash withdrawal option is pre-approved, so cardholders don’t need prior approval to access funds.
3. No Documentation Required: Withdrawals do not require submission of any documents.
4. International Accessibility: Cash can be withdrawn internationally, although higher fees may apply at foreign ATMs.
5. Convenience: Withdraw cash anytime, anywhere—from both IndusInd Bank and non-IndusInd Bank ATMs.

Cons of IndusInd Credit Card Cash Withdrawal Facility:

1. Cash Advance Fee: A fee of 2.5% applies for every cash withdrawal, with a minimum of ₹360.
2. High Interest Rates: The interest rate on cash withdrawals is significantly higher than regular purchases, which may add up quickly.
3. No Interest-Free Period: Cash withdrawals do not have an interest-free grace period and will begin accruing interest immediately.
4. Risk of Debt Trap: Frequent use of the cash withdrawal facility could lead to excessive debt, especially due to high interest rates and fees.