Can I withdraw cash from an ATM using a credit card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I withdraw cash from an ATM using a credit card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Yes, but it is strongly discouraged.

A cash advance on a credit card is not subject to any grace period; interest is charged starting from the same day of the withdrawal, in addition to an immediate cash advance fee ranging between 2% and 5% of the withdrawn amount, with a minimum fee.

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