New Delhi, May 22 -- If you are a credit card user in India, withdrawing cash using a credit card, also known as cash advance can be a costly exercise. Given such a transaction provides immediate liquidity, still it comes with several serious consequences such as significant fees and interest charges that all current and aspirational credit card users must be aware of.

A credit card is nothing but a credit line provided to card holders by lending institutions to assist users in meeting their credit obligations. That is why such credit instruments must be used judiciously and responsibly by users primarily to keep their credit health secure.

A cash advance fee is charged when you withdraw cash through an Automated Teller machine (ATM) us...