Learn about Scapia ATM withdrawal charges, cash advance fees, interest rates, withdrawal limits and important conditions before using Scapia Credit Card at ATM.
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The Scapia Credit Card allows cash withdrawals through ATMs, but cash advances are subject to specific fees and interest charges.
The cash advance fee is 2.5% of the withdrawn amount or ₹500, whichever is higher, plus applicable GST. Cash withdrawals also attract interest from the date of withdrawal because they do not have an interest-free period.
This guide explains Scapia ATM withdrawal charges, the applicable interest rate, withdrawal limit and important points to consider before withdrawing cash.
Scapia ATM Withdrawal Charges – Quick Answer
Here are the key Scapia ATM withdrawal charges and conditions:
| Charge or condition | Applicable amount |
|---|---|
| Cash advance fee | 2.5% or ₹500, whichever is higher |
| Interest on cash withdrawal | 45% per annum |
| Monthly interest rate | 3.75% |
| Cash withdrawal limit | 10% of the credit limit |
| Interest-free period | Not available |
| GST | Applicable on charges and interest |
The charges above are based on the available card terms. Terms and applicable charges can change, so check the latest applicable conditions before making a cash withdrawal.
What Is the Scapia Cash Withdrawal Fee?
The Scapia Credit Card cash withdrawal fee is 2.5% of the amount withdrawn or ₹500, whichever is higher, plus applicable GST.
For example, if you withdraw ₹10,000, 2.5% would be ₹250. Since the minimum cash advance fee is ₹500, the applicable fee would be ₹500 plus GST.
For a ₹30,000 withdrawal, 2.5% would be ₹750. In this case, the percentage-based fee is higher than the minimum charge.
| Withdrawal amount | 2.5% calculation | Applicable fee before GST |
|---|---|---|
| ₹5,000 | ₹125 | ₹500 |
| ₹10,000 | ₹250 | ₹500 |
| ₹20,000 | ₹500 | ₹500 |
| ₹30,000 | ₹750 | ₹750 |
The actual amount charged will also include applicable GST.
If you want to understand the card’s other costs, see our Scapia Credit Card fees and charges guide.
What Is the Interest Rate on Scapia Cash Withdrawals?
Cash withdrawals attract interest at 45% per annum, equivalent to 3.75% per month, according to the available card terms.
Unlike eligible retail purchases, cash withdrawals do not receive an interest-free period. Interest starts from the date of the cash withdrawal.
This makes ATM withdrawals considerably more expensive than using the card for regular purchases when you are able to pay your card bill in full.
Is There an Interest-Free Period for ATM Withdrawals?
No. Cash withdrawals do not have an interest-free period.
Interest is charged from the date you withdraw the cash. Therefore, delaying repayment can increase the total cost of the withdrawal.
For this reason, a cash withdrawal should generally be treated as a short-term financial facility rather than a regular way to access cash.
What Is the Scapia ATM Withdrawal Limit?
The cash withdrawal limit is 10% of the approved credit limit, according to the available card terms.
For example:
| Credit limit | Cash withdrawal limit |
|---|---|
| ₹50,000 | ₹5,000 |
| ₹1,00,000 | ₹10,000 |
| ₹2,00,000 | ₹20,000 |
| ₹5,00,000 | ₹50,000 |
Your actual available withdrawal amount can also depend on your available credit and applicable account conditions.
The cash withdrawal limit should therefore not be confused with your total Scapia Credit Card limit.
Can You Withdraw Cash From an International ATM?
The card can be used in India and abroad, subject to applicable international usage conditions. However, an international ATM withdrawal can involve the card’s cash advance charges and other charges imposed by the ATM operator or local network.
The available card terms state that cash withdrawals are subject to the applicable cash advance fee and interest charges.
International ATM withdrawals can also involve currency conversion. This is separate from the card’s foreign currency markup for eligible transactions.
Before travelling, you can read our Scapia Credit Card forex guide to understand how international card usage works.
Does Zero Forex Markup Make International Cash Withdrawal Free?
No.
Zero forex markup and ATM cash withdrawal charges are separate matters. A cash withdrawal can still attract the applicable cash advance fee and interest even when the card offers zero foreign currency markup on eligible international transactions.
You should therefore not assume that withdrawing cash from an overseas ATM will be free simply because the card has zero forex markup.
How Does an ATM Cash Withdrawal Affect Your Credit Limit?
The amount withdrawn through an ATM uses part of your available credit limit.
For example, if your approved credit limit is ₹1,00,000 and you withdraw ₹10,000, the withdrawal uses ₹10,000 of your available credit, subject to the applicable cash withdrawal limit.
The associated cash advance fee, interest and applicable taxes can also affect the amount you need to repay.
If you need additional spending capacity rather than cash, you can read our guide to Scapia Credit Limit Increase.
What Happens When You Repay a Cash Withdrawal?
Cash withdrawals form part of your outstanding card balance. The applicable interest and charges are added according to the card terms.
The available terms state that the minimum amount due includes applicable retail spending, cash advance amounts and certain fees, charges, finance charges, GST and EMI amounts, subject to the stated calculation rules.
Paying only the minimum amount due can therefore leave an outstanding balance on which applicable finance charges may continue to apply.
You can learn more about repayment options in our Scapia Credit Card bill payment guide.
Important Things to Remember
Before using your Scapia Credit Card to withdraw cash, keep these points in mind:
- The cash advance fee is 2.5% or ₹500, whichever is higher, plus GST.
- Cash withdrawals attract 45% annual interest.
- Interest starts from the withdrawal date.
- There is no interest-free period for cash withdrawals.
- The cash withdrawal limit is 10% of the credit limit.
- International ATM withdrawals can involve additional charges from the ATM operator or network.
- Zero forex markup does not remove cash advance charges.
- Cash withdrawal reduces your available credit.
- Applicable GST is charged on relevant fees, interest and charges.
Is Withdrawing Cash From the Scapia Card Worth It?
ATM withdrawals can be useful when you need cash urgently and have no practical alternative. However, the applicable cash advance fee and immediate interest make them an expensive way to access money.
For regular spending, using the Scapia Credit Card directly for eligible purchases can be more suitable than withdrawing cash and paying the associated charges.
You should also consider whether the transaction qualifies for rewards before choosing how to pay. Our Scapia Credit Card rewards guide explains the current rewards structure and exclusions.
FAQs About Scapia ATM Withdrawal Charges
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What is the Scapia ATM withdrawal charge?
The cash advance fee is 2.5% of the withdrawal amount or ₹500, whichever is higher, plus applicable GST.
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What is the interest rate on Scapia cash withdrawals?
Cash withdrawals attract interest at 45% per annum, or 3.75% per month. Interest starts from the date of withdrawal.
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Is there an interest-free period for ATM withdrawals?
No. Cash withdrawals do not have an interest-free period. Interest is charged from the withdrawal date.
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What is the Scapia ATM withdrawal limit?
The cash withdrawal limit is 10% of the approved credit limit, subject to the applicable account conditions.
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Can I use the Scapia Card at an international ATM?
The card can be used abroad subject to applicable international usage conditions. International ATM withdrawals can also involve cash advance charges and charges imposed by the ATM operator or network.
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Does zero forex markup apply to cash withdrawals?
Zero forex markup should not be confused with cash withdrawal charges. A cash advance fee and interest can still apply to an ATM withdrawal.
-
Does ATM withdrawal earn Scapia rewards?
Cash withdrawals are not treated as regular reward-earning purchases. The available card terms also distinguish cash advances from retail transactions.
Final Takeaway
Scapia ATM withdrawal charges include a cash advance fee of 2.5% or ₹500, whichever is higher, plus GST. Cash withdrawals also attract 45% annual interest from the withdrawal date, with no interest-free period.
The cash withdrawal limit is 10% of the credit limit. Because fees and interest can make cash advances expensive, use an ATM withdrawal only when you genuinely need cash and understand the repayment cost.