For HNB Credit Cards, the cash withdrawal limit is determined as a percentage of your card's credit limit, varying based on the specific card type you hold.
Understanding HNB Cash Withdrawal Limits
The cash withdrawal limit on HNB Credit Cards is a crucial detail for cardholders. HNB sets these limits differently across its various credit card products, reflecting the card's tier and associated benefits. It's important to note that these limits apply to cash advances, which are distinct from regular purchases.
Here’s a breakdown of the typical withdrawal limits:
| HNB Credit Card Type | Cash Withdrawal Limit (as % of Credit Limit) |
|---|---|
| HNB Visa Platinum, Signature & Infinite | 75% |
| All other HNB Credit Cards | 50% |
It is important to remember that these limits are set at the sole discretion of HNB and may be subject to change by the bank.
Important Considerations for Cash Advances
When planning a cash withdrawal using your HNB Credit Card, keep the following in mind:
- Cash Advance Fees: All cash advances processed on HNB Credit Cards are subject to a fee. This fee is typically 3% of the withdrawn amount. This charge is in addition to any interest that may accrue on the cash advance from the transaction date.
- Credit Limit Impact: A cash advance directly reduces your available credit limit, similar to a regular purchase. However, unlike purchases, cash advances often start accruing interest immediately, without a grace period.
- Bank Discretion: The bank reserves the right to decide and adjust these limits at its sole discretion. This means that while the general guidelines are provided, the final limit for your specific card may be influenced by various factors assessed by HNB.
Always refer to the official HNB website or contact their customer service for the most current and personalized information regarding your specific HNB Credit Card and its associated cash withdrawal limits and fees.
