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Can You Use Your Credit Card At An ATM?

You must have used your credit card for purchasing or completing online and offline transactions. But, did you know that it is now possible to withdraw money from an ATM using your credit card?

Yes, you read it right! Most credit cards can now be used to withdraw money from ATMs at certain charges. This means you can take out cash at the time of emergency or simply using your credit card. Isn’t that amazing?

However, if you are looking for ways to withdraw cash using your credit card or learn more about the cash withdrawal process through credit cards, you have come to the right place! 

In this blog, we will take you through everything you need to know about the ATM cash withdrawal process and how you can maximise your savings. 


Also Read: How to activate ATM card pin and generate a new one easily

How To Withdraw Cash Using A Credit Card?


We have often come across questions like ‘Can I use a credit card at an ATM?’ or ‘Do ATMs take credit cards?’

Well, the answer is pretty simple- Yes, you can! But there is a catch. The ATM cash withdrawal process using a credit card is very similar to using your debit card. You swipe the card, follow the instructions, and get the desired amount of cash in your hand. 


However, with a credit card, you need to consider your cash advancement limit, interest, and how many ATM transactions you can do in a day. As the money you are withdrawing is on credit, hence, a certain amount of interest will be charged on the same depending on the terms and conditions set by your lender bank. So, the next time you decide to withdraw cash from an ATM using your credit card, ensure to consider the pointers discussed. 


With the Airtel Thanks App, you can easily keep a check on your credit transactions and limits in one place. To learn more about Airtel Axis Bank Credit Card or apply for one, explore the Airtel website or simply download the Thanks app today! 

Things To Consider When Withdrawing Cash

  • Interest rates: 

Compared to other transactions, the interest rates on cash withdrawals are generally high. Hence, it is crucial to know the interest rates or fees associated with credit card cash withdrawals. This simple practice will help you plan your expenses in advance and avoid taking out huge amounts of cash at once. 

  • Cash Advancement limit: 

It is important to note that every credit card comes with an advancement limit that indicates how much cash you can withdraw in a day using your credit card. This means beyond a certain limit, you cannot withdraw cash using your credit card. If you are regularly using your credit card for various transactions, there are chances your cash advancement limit may fluctuate accordingly. At Airtel Axis Bank Credit Card, we offer a high-credit limit of ₹5,00,000 at low interest rates. Additionally, you can also enjoy cashback of up to ₹16,000 on various types of transactions. So, don’t wait anymore and apply for your Airtel Axis Bank Credit Card today! 

  • ATM fees: 

In addition to interest rates, your bank may also charge ATM fees for every transaction, including the overall interest and fees you have to pay towards the end of your payment cycle period. Generally, all information related to credit card interest and fees is available at the lender’s website, ensure to check them out! 

  • Impact on credit score:

Ensure you pay credit card bills on time as delay or taking high credit can easily impact your credit score. Hence, it is usually best to avoid withdrawing cash from ATMs using credit cards as it can affect your credit score that you have maintained for a very long time now.  


Also Read: Follow these easy steps to change the ATM Card PIN

  • Monitor your statements: 

When it comes to managing your credit limit, it is important to have a check on your credit statements. Monitoring your credit statement helps you stay away from taking extra credit that will affect your budget and impact your EMIs and credit score. You can easily check your credit statements by visiting the Airtel website or the Airtel Thanks App. 

  • Emergency use only:

Lastly, you should keep the idea of withdrawing cash using your credit card for emergency situations only as it has high interest rates and can affect your overall billing amount charged in your billing cycle. Assess your situation and consider whether the cash advance is absolutely necessary. You can also consider alternatives such as UPI payments and more. 


Also Read: 3 Easy Steps to Unblock Your Airtel Virtual Debit Card


Withdrawing cash from an ATM using a credit card should be approached with caution due to the high costs and potential impact on your credit score. It’s best to use this option only when absolutely necessary and to consider alternative methods of obtaining cash whenever possible. Always be aware of the associated fees, interest rates, and repayment terms to manage your finances effectively.


Take your credit card experience to the next level with the Airtel Axis Bank Credit Card where you get amazing offers on bill payments, dining, domestic Airport Lounge, and other spending. Visit the Airtel website, fill in the necessary details and documents, complete your registration process, and you will get your credit card delivered to your doorsteps in a few days!