Credit card atm withdraw charge

71°
Deal Newbie
ak.dj91504

Is there any interest charge if we withdraw money from credit card via atm and online repay same amount same day? 

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Deal Subedar Deal Subedar
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Yes a lot don't try

Deal Newbie Deal Newbie
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May i know why as bank is providing this facility for customer better use they why should we not try?  

Helpful Helpful
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dont try

Critic Critic
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Not if repaid same day except for some gst charge on interest but if you are thinking of this for getting rewards/cb on magnus then this loophole is closed long ago & most likely won't work on any other axis card too. As for other banks cards never heard of such trick so likely it won't work there too.

Deal Newbie Deal Newbie
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Don't try this, the CC bank will charge around 3% of the withdrawal amount or min 500rs. If you withdraw 100rs also, they'll charge 500rs charge(Depending on the bank)

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