Page Contents
Withdrawing cash using a credit card is one of the costliest financial mistakes you can make! why you should avoid it at all costs: Why You Should Never Withdraw Cash with a Credit Card. Key Points on Credit Card Cash Withdrawals
Example:
Pros of Withdraw Cash with a Credit Card: Cash Advance Feature Allows us to withdraw cash from ATMs using a credit card but comes with high fees and interest rates.
Cons of Withdraw Cash with a Credit Card:
Frequent cash withdrawals can signal financial distress to banks, leading to a credit limit reduction or even account closure. Ways to Minimize Fees:
If you’re in a financial crunch, it’s often wiser to explore alternatives like a personal loan (which has lower interest rates), borrowing from a trusted friend or family member, or even a salary advance.
New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method:… Read More
Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More
Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset.… Read More
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual… Read More
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More
Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily… Read More