Standard Chartered Credit Card Cash Withdrawal

In this era of digitization, more and more people are using cards to complete their everyday transactions. The advantage of using credit cards is that you don’t have to carry cash every time you shop or opt for any services. A simple touch or swipe can complete the transaction.

With the help of a credit card, anyone, anywhere can purchase goods and services by taking advance money from the bank. For the same reason, different banks ask for fees and predetermined interest rates on credit cards. Moreover, as a credit card holder, you can also receive a special privilege of cash advance with which you can easily withdraw cash from the ATM.

As a credit card holder of Standard Chartered Bank in the United Arab Emirates you can easily avail the same facilities along with some additional benefits. However, you will also have to pay Standard Chartered bank credit card cash withdrawal charges. Just like any other bank in the vicinity Standard Chartered also has a Standard Chartered Bank credit card cash withdrawal limit which specifically depends on the type of credit card you are using.

Standard Chartered Cash Withdrawal Limit & Charges

Your Standard Chartered bank credit card cash withdrawal limit will entirely depend upon the type of Standard Chartered Bank credit card you possess. Depending on the credit limit you can withdraw a certain percentage of cash from your entire credit limit.

Likewise, you will be obliged to pay cash advance fee to Standard Chartered bank for using the credit card. For more information on Standard Chartered bank credit card cash withdrawal charges you can check our website and get the best plan for yourself.

According to the most recent guidelines of Standard Chartered bank released on April 2022 here are the types of credit cards the bank offers to its customers in UAE:

Benefits & Drawbacks of Using Standard Chartered Credit Card Cash Withdrawal

Similar to any other banking service Standard Chartered Bank credit card cash withdrawal also has its benefits as well as drawbacks. Some of the advantages of using a Standard Chartered bank credit card are mentioned below:

• Effortless transaction - You can complete a hassle-free transaction from anywhere at any time with the help of a Standard Chartered bank credit card. Not to mention, you can use the credit card for transactions multiple times a day. 
• Digital banking services - The credit card services offered by Standard Chartered bank are paperless therefore you can take advantage of the digital banking services while contributing to the environment. 
• Receive cash instantly - With the help of Standard Chartered Bank, you can withdraw cash from an ATM in a matter of seconds. 
• Repay at your convenience - The best part of Standard Chartered Bank credit card cash withdrawal is that you can repay the money using an online app and that too at your convenience. The repayment plans can be increased up to 48 months.
• Universal availability - The Standard Chartered Bank credit card holders can use their credit cards both nationally and internationally.

The shortcomings of the Standard Chartered Bank credit card are:

• Rates of interest are different.
• For every cash withdrawal transaction, you will have to pay Standard Chartered Bank credit card cash withdrawal charges.
• There are no interest-free periods.

Standard Chartered Bank Cash Withdrawal Process

To facilitate Standard Chartered Bank credit card cash withdrawal, you are required to visit the nearest ATM in your vicinity. You can complete the cash withdrawal process with help of a few simple steps mentioned below:

1. First swipe your credit card in the ATM
2. Select your preferred mode of language from the ATM screen
3. Now you will need to enter your PIN to proceed further
4. From the given menu, select the cash withdrawal option
5. After inserting the amount, you need to withdraw click the submit button

If you follow the above-mentioned steps correctly, you will receive the money from the ATM but you also need to note that Standard Chartered Bank credit card cash withdrawal charges will be levied upon you according to your card type.