Can I withdraw money from my credit card nab?

Can I Withdraw Money from My Credit Card with NAB?

Yes, it is possible to withdraw cash from your National Australia Bank (NAB) credit card. However, it’s important to note that these withdrawals come with fees and potential interest charges.

Fees Associated with Cash Withdrawals

• Cash advance fee: A flat fee is charged for each cash advance transaction. The fee may vary depending on the type of credit card you have.
• ATM fee: If you use an ATM not operated by NAB, there will be an additional fee for using the ATM.

Interest Charges

Cash advances from credit cards typically accrue interest from the date of withdrawal. The interest rate for cash advances is often higher than the interest rate for regular credit card purchases.

How to Withdraw Cash from Your NAB Credit Card

You can withdraw cash from your NAB credit card at:

• NAB ATMs: Use the NAB app to find the nearest NAB ATM.
• Other ATMs: You can use ATMs not operated by NAB, but you will incur an additional ATM fee.

Tips for Minimizing Fees and Interest Charges

• Avoid cash withdrawals whenever possible.
• If you must withdraw cash, try to use a NAB ATM to avoid the ATM fee.
• Consider using a debit card or prepaid card instead of a credit card for cash withdrawals.
• Pay off your cash advance balance as soon as possible to avoid interest charges.