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Never use credit card  to withdraw cash

Never use credit card to withdraw cash

Saturday, July 15, 2017, 6:15 PM

Just because you can use a credit-card to withdraw cash from ATM does not mean it works like a debit-card. In such a case, there is a flat transaction charge on the amount withdrawn which could range from 2.5-3.5% and also interest applies from the date of withdrawal till you repay the full outstanding, at a rate which goes as high as 40% per-annum.
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