Withdrawing cash on credit card: Good or Bad?

It is a bad decision to use your credit card for withdrawing cash. The interest rate on cash withdrawn ranges between 2.7 and 2.85 per month. Please note that the interest is compounded every month which means, the annual interest rate is between 38 and 40 percent yearly. Cash withdrawals do not have a grace credit period and the interest is charged from the very day the cash is withdrawn. Compared to withdrawing cash on a credit card, it is wiser to go for personal loans which have lower rates of interest