This service enables credit cardholders to easily switch to a 50% of credit card limit into personal account cash advances limit. This service can meet the demand to withdraw cash or transfer payments. In particular, interest rate for the amount of cash advances is 50% lower than that of other banks.

Credit cards are becoming more and more popular nowadays for everyone to pay for shopping, daily consumptions with the advantage of  45-day free interest. Most consumers use credit cards to pay at department stores and shopping malls, or travel abroad. However, many customers also have the need to use a credit card to withdraw cash for urgent matters. Normally, when you withdraw cash from a credit card, fees and interest rates are very high. Withdrawal fees from credit cards often up to 4% and interest rate of over 30%. Foreseeing this demand of customers as well as to create gadgets at reasonable cost, TPBank has developed a new service "Cash advances from Credit Card " allowing  credit cardholders with flexibility to partially convert credit card limit to cash advance limit on payment accounts at the lowest costs in Vietnam.

TPBank credit cardholders may register to use the service, "Cash advances from credit card" convenience, anytime, anywhere, through TPBank's transaction points nationwide or directly on TPBank eBank service. Customers can use immediately without requiring additional personal card or any other procedure. When registering for the service,  customers only have to pay 50% compared with normal cash withdrawal fee from credit card, and will not be charged interest immediately. Interest from credit cards only starting when customers withdraw cash from the cash advance limit, and is calculated on the basis of the actual amounts outstanding and the actual day at very competitive interest rates, equivalent to 50% of conventional interest rate that some major banks, including domestic and foreign, are applied. When customers want to recover the limit of credit card, they can easily use eBank  to process or at the nearest point of TPBank transaction offices, at totally free of charge.

After successfully registering for switching limits, customers can withdraw cash from ATM card/eCounter card issued by TPBank at any ATMs of TPBank or any of the local bank ( with SmartLink logo, Banknetvn and VNBC) completely free; Customers can also withdraw cash at the point of TPBank transaction or transfer to any account.

Earlier, TPBank was the first bank to launch “Cash advances from savings book" at low interest rates, simply sign up through TPBank eBank. With the "Cash advances from credit cards" service, TPBank expects to receive positive feedback from customers for the product line "Advances" breakthrough, distinguished with Customer oriented strategy towards the slogan "A deeper understanding".

Besides, the continuous high-tech product launches also demonstrate TPBank vision to become a leading Digital Bank in Vietnam.