Video: The Business Standard on Credit Card ATM Withdrawals (Bangla)
The Business Standard’s Bangla explainer, with Midland Bank, on why credit card ATM withdrawals cost so much.
Why should you avoid withdrawing cash from an ATM with your credit card? In this Bangla explainer from The Business Standard, produced with Midland Bank PLC, you will learn why a credit card cash withdrawal is one of the most expensive ways to borrow.
Banks usually charge a cash advance fee on every withdrawal, and interest often starts immediately, with no interest-free period. BRAC Bank’s Visa Cashback card, for example, charges 3% or Tk 200, whichever is higher, for a cash advance, as we found in our BRAC Bank Visa Cashback review. If you need cash, a personal loan or your own savings will usually cost less; see personal loan vs credit card EMI and what happens if you miss a credit card payment.
Video by The Business Standard on YouTube, with Midland Bank PLC. Dhaka Debates did not produce this video.
