Yes, you can use your credit card to take out money from an ATM overseas, but it’s best not to because you usually have to pay interest on that money even if you clear your bill in full each month. That's because credit cards don’t offer an interest-free period for cash withdrawals, meaning interest starts racking up straightaway. You might also have to pay a "cash transaction fee" for using an ATM, even if you don't have to pay a foreign transaction fee.