Some credit cards offer nil cash withdrawal charges, meaning you won't incur a specific fee for performing a cash advance transaction.
Based on available information, the following credit cards have no cash withdrawal charges:
| Credit Card | Annual Fee | Cash Withdrawal Charges |
|---|---|---|
| Axis Bank Reserve Credit Card | ₹50,000 | Nil |
| Axis Bank Magnus Credit Card | ₹10,000 | Nil |
| IndusInd Legend Credit Card | ₹9,999 (Nil, if applied through Paisabazaar) | Nil |
Understanding Nil Cash Withdrawal Charges
For the Axis Bank Reserve Credit Card and Axis Bank Magnus Credit Card, there are no explicit charges levied for withdrawing cash. These are generally premium credit cards that come with higher annual fees.
The IndusInd Legend Credit Card also stands out for offering nil cash withdrawal charges. A key benefit for this card is that its annual fee of ₹9,999 can be waived (made nil) if the card is applied for through Paisabazaar, making it an accessible option for those looking to avoid cash advance fees.
It's important to note the distinction from other cards, such as the Kotak Fortune Gold Credit Card, which, despite having a nil annual fee, imposes a charge of ₹199 per ₹10,000 for cash withdrawals.
For more details on credit card features and charges, you can visit Paisabazaar.
