Yes, you can! Withdrawing cash through a credit card, known as a cash advance, allows you to access cash from ATMs. However, note that fees and interest rates are applied on cash advances.

Banks charge a percentage of the withdrawal amount and apply immediate interest on the cash. These rates, in fact, are often higher than standard card purchases.

This service is helpful for emergencies but is generally considered expensive. So it’s advisable to limit cash withdrawals via these cards unless necessary.

Reward points are loyalty incentives offered by credit cards. These points are earned on card purchases. You can redeem them for various benefits such as flights, hotel stays, shopping vouchers, or exclusive experiences.

Different cards offer different reward structures, with some focusing on travel, retail, or lifestyle categories. Accumulating reward points is ideal for those who regularly use their cards for purchases and want to enjoy discounts and perks.

A credit card bill payment cycle refers to the period between two consecutive statement dates, usually lasting 30 days. During this period, you make purchases — at the end of the cycle, a statement is generated showing the total amount owed.

A grace period is given to pay off the balance before incurring interest charges. Paying the full balance within the cycle helps avoid interest, while only paying the minimum will result in accumulating debt.