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Why This Bank’s Customers Are Swiping Their Credit Cards For Cash
The ‘holy grail’ approach to cash withdrawals via credit cards is getting defied. Is that innovative or imprudent?
18 Sep 2020, 12:30 AM IST
How often do you withdraw cash using your credit card?Chances are that most customers do so rarely. Banks have traditionally seen it as a sign of trouble and so cash withdrawals on credit cards come with hefty charges. Customers are believed to use it as a last resort.This is true for large credit card issuers like SBI Cards and Payment Services Ltd., HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd.Smaller peer RBL Bank Ltd., howev...
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