Metrobank Credit Card Cash 2 Go Calculator
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Reviewed by Calculator Editorial Team
MetroBank's Cash 2 Go is a convenient cash advance feature available to credit card holders. This calculator helps you estimate the interest charges, repayment amounts, and savings potential when using this service.
How MetroBank Cash 2 Go Works
Cash 2 Go allows you to withdraw cash from your credit card balance at participating ATMs or branches. The amount is debited to your credit card account and credited to your bank account within 24 hours.
Key Features
- Available to MetroBank credit card holders
- Withdrawals available 24/7 at participating locations
- Funds credited to your bank account within 24 hours
- Interest charges apply on the outstanding balance
Interest Calculation
The interest on your Cash 2 Go transaction is calculated daily on the outstanding balance. The interest rate depends on your credit card's cash advance APR (Annual Percentage Rate).
Interest Formula
Daily Interest = (Outstanding Balance × Daily Interest Rate) / 365
Where Daily Interest Rate = Annual Interest Rate / 365
Repayment Terms
You can repay your Cash 2 Go transaction through your regular credit card payment or by paying directly through MetroBank's online banking. Partial payments are accepted.
How to Use This Calculator
To use the Cash 2 Go calculator, enter the following information:
- Cash advance amount you want to take
- Your credit card's cash advance APR
- Number of days you plan to keep the balance
Click "Calculate" to see your estimated interest charges and total repayment amount.
Important Notes
This calculator provides estimates only. Actual interest charges may vary based on your specific credit card terms and MetroBank's policies.
Worked Example
Let's say you take a ₱5,000 Cash 2 Go advance with a 25% APR and plan to keep the balance for 15 days.
Calculation Steps
- Daily Interest Rate = 25% / 365 ≈ 0.0068493%
- Daily Interest = (5,000 × 0.0068493) / 365 ≈ ₱0.92
- Total Interest = ₱0.92 × 15 ≈ ₱13.80
- Total Repayment = ₱5,000 + ₱13.80 = ₱5,013.80
The calculator will show you these results along with a breakdown of the interest charges.
Frequently Asked Questions
What is the maximum Cash 2 Go limit?
The maximum Cash 2 Go limit depends on your credit card's spending limit and MetroBank's policies. Typically, it's up to 50% of your available credit limit.
How long does it take to get the cash?
Funds are credited to your bank account within 24 hours after your withdrawal request is processed.
Can I repay Cash 2 Go early?
Yes, you can make partial or full payments through your regular credit card payment or directly through MetroBank's online banking.
Are there any fees for Cash 2 Go?
Cash 2 Go typically has a flat fee of ₱50 plus the interest charges. Check your credit card agreement for specific details.