Normally, credit cards cannot transfer money directly. If you want to use a credit card to transfer money, you can use a credit card to withdraw cash. However, this method not only requires a certain handling fee, but also Daily interest rate of five ten thousandths. Another way is to transfer funds via credit card overpayment, which also charges transaction fees.

There are two possible ways to transfer money by credit card:

1. The first way is through cash advance: using the credit limit of the credit card to perform the transfer operation. Normally, the bank will The transfer amount 1 is charged as a handling fee, and interest will accrue on the day of withdrawal. The interest is generally calculated at 0.5%.

2. The second way is through overpayment: If you use overpayment to transfer, you don’t have to pay interest, but you still have to charge a transfer fee. The charging standards of each bank are different. The details are The situation still depends on the card issuing bank’s regulations.

1. If the credit card cannot be transferred, it may be due to the following reasons:

1. The transfer amount has exceeded the overdraft cash withdrawal limit stipulated by the card-issuing bank. For example, China Construction Bank stipulates that the daily limit of each card for mobile banking and personal online banking channels is 20,000 yuan, and the monthly limit is 50,000 yuan.

2. All the cash withdrawal limit in the card has been withdrawn, but the customer has not yet repaid, so there is currently no cash withdrawal limit in the card, so the transfer cannot be performed. However, as long as the customer repays the loan on time and the credit limit is restored later, the transfer can be made.

3. The status of the card is different. The magnetic stripe/chip may be damaged; or the account may be frozen by the card-issuing bank, resulting in temporary unavailability. If there is a problem with the receiving bank card, the transfer will not be successful.

4. Credit cards cannot transfer funds to each other. If customers want to transfer money, they can only transfer it to a debit card, which is actually equivalent to a cash advance.

5. The online banking/mobile banking system is busy and is undergoing repairs due to malfunctions.

6. The operation speed is too fast, resulting in timeout.

7. The network connected to the device is not good.

2. Whether credit card transfers count as consumption?

Different banks have different regulations on whether credit card transfers count as consumption. Defined according to the rights and benefits of credit card consumption: CITIC Bank credit cards (except New Network Co-branded Card, Yue Card and I Platinum Card, etc.) ordinary card purchases or cash withdrawals will earn 1 point for 1 yuan or HKD. You can earn 8 points by withdrawing 1 US dollar or Euro, and the points for gold or platinum cards are doubled. However, most banks do not recognize credit card transfers or credit card cash withdrawals as consumption. Industrial and Commercial Bank of China and China Merchants Bank clearly point out that credit card cash withdrawals and transfers do not count as consumption, and points cannot be accumulated. The credit card consumption behaviors that Bank of Communications and China Construction Bank do not recognize clearly include: transfer transactions, cash withdrawal transactions, and some online transactions.

3. Whether it is possible to transfer money to repay a credit card

Transferring money to a credit card is considered repayment, so if there is a debt on the credit card, the cardholder can transfer money to repay the credit card. Currently, cardholders can transfer money to credit cards through online banking, ATM machines, bank counters and third-party payment platforms. It should be noted that transferring money to a credit card will turn into an overpayment when there is no outstanding balance on the credit card. And if the cardholder does not use the credit card for a long time, resulting in overpayment, it will become a credit card bad debt over time. Therefore, when cardholders transfer funds to their credit cards, they must first check the balance outstanding on their credit cards to avoid making excessive transfers.

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