Can credit cards be transferred to debit cards?

Credit cards can be transferred to debit cards. Funds can be transferred to any bank’s UnionPay card at designated bank ATMs in designated cities. , or go directly to the bank counter to operate. Currently, most banks also support online transfers. If you want to withdraw excess money from your credit card, you can only transfer it to a bank savings card under your own name, and it is not free. A certain handling fee is required, usually 0.5-3.

Currently, when using a credit card to withdraw cash overdraft, the daily limit is 2,000 yuan, and the handling fee is 1% of the cash withdrawal amount, with a minimum charge of 10 yuan. In addition to the procedures, interest of 0.5% of the cash withdrawal amount will be charged every day, which is also a considerable fee.

Although you can transfer money by credit card, we would like to remind you that there are many disadvantages to using credit card transfer, such as:

1. High cost of cash withdrawal: Not only do you have to pay handling fees for cash withdrawal by credit card , and cannot enjoy the interest-free period for normal consumption. Interest will be calculated at 50,000 per day starting from the day the cash is withdrawn into your account until the balance is paid off.

2. Full repayment is required at the time of repayment: cash withdrawal is different from overdraft consumption. Full repayment is required on the repayment date, and cannot be paid in installments or lower. If the user's own repayment ability is limited and he uses a credit card to withdraw large amounts of cash, it will inevitably cause difficulty in repayment.

The nature of credit cards and debit cards is different. Credit cards consume first and then repay, while debit cards deposit first and then consume. The sequence of deposits and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, and debit cards are used for deposits, transfers, and cash withdrawals. However, credit cards can also be used to transfer funds when necessary.

Credit card transfers are divided into two categories. One is overpayment transfer, that is, if you have extra money in your credit card and want to withdraw it, you can only transfer it to a bank savings card under your name, and it is not free and requires A certain handling fee is charged, usually 0.5-3.

If the user does not have funds at his disposal but needs to transfer money, he can withdraw cash through a credit card and then deposit the cash into a debit card before transferring money. This is another type of direct credit card transfer, which is equivalent to a cash advance. Although this method is convenient, it is not a long-term solution for users. Because the prerequisite for using this method to transfer money is that you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking. Moreover, in addition to handling fees, this type of transfer also charges interest. From the date of transfer, interest is calculated on 50,000% of the daily transfer amount. Moreover, the amount that can generally be transferred is 50 of the credit limit, and there is a daily upper limit. Most banks have a daily limit of 2,000 yuan.

Can a credit card be transferred to a bank card?

A credit card can be transferred directly to a bank card. When a user applies for a cash advance business, the credit card limit can be transferred directly to the savings card of a peer. . Cash advances are the same as credit card cash withdrawals, and you need to pay cash withdrawal fees and cash withdrawal interest. Therefore, credit card transfer to bank card is only suitable for short term.

Before transferring funds from a credit card to a bank card, the credit card must have a cash withdrawal limit. When the cash withdrawal limit is insufficient or used up, the user will not be able to make a cash advance.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to credit cards issued by commercial banks or other financial institutions. An electronic payment card with full or partial functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Can I save money with a bank card?

1. You can save money, but credit cards are used for consumption, not settlement, so don’t use credit cards as savings cards.

2. Because credit cards are different from debit cards, there is no interest when you deposit money into a credit card, no matter how much or how long you deposit it.

3. Not only that, if you want to withdraw the money stored in it, most banks will also charge a handling fee for overpayment recovery.

4. The so-called overpayment refers to the funds that credit card users overpay when repaying or the funds stored in the credit card account. Certain fees must be paid when withdrawing.

5. To put it simply, there is a deposit in the credit card that exceeds the amount of the bill that should be repaid, and you will be charged when you withdraw it.

Can a credit card be transferred to a bank card?

It is possible to transfer funds. Credit card transfers are divided into two categories, as follows: Overpayment transfers, that is, if you have extra money in your credit card and want to withdraw it, you can only transfer it to a bank savings card under your name, and it is not free and requires a certain handling fee. Generally, It's 0.5-3. Direct credit card transfer is equivalent to a cash advance. If the user does not have funds at his disposal but needs to transfer money, he can withdraw cash through a credit card and then deposit the cash into a debit card before transferring money. In addition to handling fees, this type of transfer will also charge interest. From the date of transfer, interest will be calculated at 50,000% of the daily transfer amount. Moreover, the amount that can generally be transferred is 50 of the credit limit, and there is a daily upper limit. Most banks have a daily limit of 2,000 yuan.

Consequences of overdue credit card bills: liquidated damages, usually 5% of the minimum repayment amount and the unpaid portion. The interest rate is high, and the interest rate is compounded. The interest rate is very scary when the debt is large. Overdue credit records will be stained, resulting in financial needs such as house purchases and loans being unable to be processed within the next two years. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to make multiple reminders, then you will not only have to pay back the money, but may also bear criminal liability.

1. Conditions for transferring funds from credit cards to bank cards. Credit cards can be transferred to bank cards. If you want to transfer money to a bank card of the card-issuing bank, you need to apply for a debit card (that is, an ordinary savings card) of the bank, and then open one of telephone banking, online banking and mobile banking, and then you can transfer the money in the credit card or Cash advances are transferred to bank cards. If you want to transfer money to a card from another bank, just follow the relevant bank regulations and pay an additional handling fee. The process of transferring money from a credit card to a bank card, taking China Construction Bank as an example. To transfer money from a credit card to a bank card, you need the following process: log in to the China Construction Bank website; click on "Online Banking Service; click on Activate Online Banking Service; confirm the customer service agreement; follow the prompts Enter personal information, where the account number is the credit card, the account password is the credit card consumption_cash withdrawal password, and the additional code is entered as shown in the box on the right.

2. Credit card transfer is essentially equivalent to credit card cash withdrawal, so it will definitely charge a handling fee. If it is an overpayment transfer, that is, when you withdraw the extra money saved in your credit card, you can only transfer it to a bank deposit card under your name. The handling fee charged is generally 0.5-3% of the total amount.

If it is a cash advance transfer, the handling fee varies from bank to bank, but it is generally between 1 and 3.

How to transfer credit card money to a debit card

Credit cards do not have a transfer function, but a debit card with the same name applied for at the credit card issuing bank can directly transfer the credit card money to the debit card. , but be aware that transferring money from a credit card to a debit card is equivalent to withdrawing cash from a credit card.

You can transfer money from your credit card to your debit card through the following three methods: 1. Online banking transfer. 1. Log in to the bank's official website and click Online Banking to log in; 2. Fill in the correct user name and password to complete the login; 3. Select Transfer - Peer/Inter-bank Transfer, fill in the payee information correctly, click Submit and enter the mobile phone verification code and dynamic password correctly. The operation can be completed.

2. Transfer via ATM machine. 1. Insert the bank card into the ATM machine, enter the password to log in; 2. Select transfer, enter the payee’s account number, and click OK; 3. Confirm the payee’s account number, enter the transfer amount, and click OK to complete.

3. Transfer over the counter. Just bring your ID card and bank card to the counter to transfer money.

Credit cards can only be transferred to debit cards of peers. Transfers to debit cards of peers are regarded as credit card cash advances. The bank will charge a handling fee of 1 (minimum 10 yuan) for the transfer amount, and the transfer will start from the day of transfer. From now on, the bank will calculate compound interest at 50,000 per day. You can transfer funds to your counterpart's debit card through our bank's ATM machines or log in to credit card online banking. Log in to online banking and select the transfer function to transfer funds.

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Can credit card money be transferred to a debit card? You can try these two methods

Many people think that since credit cards can be used for overdraft consumption and cash withdrawals for emergencies, they can definitely transfer the money to a debit card. In fact, the credit card itself does not have the transfer function, but it can be used to transfer funds indirectly by handling cash loan-related businesses. Let’s take a look below.

Many banks' credit cards can provide cash loan services. After successful application, the money in the credit card will be directly transferred to the debit card, including cash advance, cash installment, etc. The nature of different businesses is different. :

1. Cash advance:

This is actually the same as cash withdrawal, but it is handled through mobile banking APP or credit card online banking. As long as you meet the conditions, you can apply. After the bank approves the transfer, the money from the credit card will be transferred to the debit card, without the cardholder needing to make the transfer themselves.

It should be noted that after the cash advance is successfully processed, a transfer fee will be charged, which is usually 1% of the transfer amount, and interest will be calculated at a daily interest rate of 0.05% from the date of transfer. The amount and interest incurred will be included in the minimum payment amount of the first bill, and full repayment is required.

2. Cash installment:

It can be divided into two situations, one is the installment within the credit limit, and the other is the installment with an exclusive quota. The difference is that the installment amount is different, and it needs to be paid to the customer. The bank submits an application and will transfer the money to the savings card only after it is approved. Unlike cash advances, you can enjoy the interest-free period, but you need to pay an installment fee, and the rate is around.

After successful application, it will be included in the bill of one period. Each period needs to repay part of the principal and handling fee. In addition to repaying on time, you can also repay in advance, but there is no need, because the remaining balance of early repayment is The handling fee also needs to be paid off in one go, which is not cost-effective.

Summary: The above is the relevant introduction to "Can credit card money be transferred to a debit card?" In short, cardholders cannot manually transfer credit card money to a savings card, but they can apply for cash advance, cash installment and other credit card lending services, and the bank will transfer the credit card money to the personal savings card provided by the cardholder. of.

Can a credit card be transferred to a debit card?

Credit card money cannot be transferred to a debit card. If you want to transfer the money to a debit card, then use it flexibly If so, you can only apply for cash installment, and you can transfer the money to a savings card in your name. However, cash installment can only be used for consumption, and you need to provide consumption vouchers for the same amount.

1. Deposit card: Deposit card is a financial transaction card issued by banks to provide financial services to depositors. It is a type of debit card. There are two types: magnetic stripe and chip. Its main function is to make deposits and withdrawals at networked ATM machines and bank counters, and to make purchases at networked POS.

2. Debit card application conditions: Go to any bank branch with your valid identity document. A current account must be opened first. The account balance must not be less than 10 yuan. Accounts that do not draw money based on seals. Accounts that are not reported lost or frozen, and the account status is normal.

3. Debit card application conditions: Go to any bank branch with your valid identity document. A current account must be opened first. The account balance must not be less than 10 yuan. Accounts that do not draw money based on seals. Accounts that are not reported lost or frozen, and the account status is normal.

4. Savings ATM business: Savings ATM (AUTOMATICTELLERMACHINE) is a service method and tool provided by savings for depositors. It is also a self-service bank for depositors to achieve self-service; it is a modern communication technology and computer technology. The crystallization of banking services, it can provide depositors with functions such as deposits, withdrawals, account inquiries and personal password changes.

5. Savings POS business: Savings POS business: It is a consumer service tool provided by savings to promote the realization of electronic money, reduce cash circulation, and reduce the labor intensity of merchants. In shopping malls, hotels, entertainment venues, public service venues, etc. that already have POS terminals on the bank card network, debit card users can use their accounts to make purchases without using cash. There are no restrictions on user consumption and payment amounts, and they are exempt from fees. Handling fee. But the account cannot be overdrawn. In addition, Savings has also launched a mobile phone payment service and a phone wallet payment service. Payment is easy and flexible. Payment can be made anytime, anywhere 24 hours a day, which is more convenient.

This ends the introduction on whether it is possible to transfer money from a credit card to a debit card and whether it is safe to transfer money from a credit card to a debit card. Did you find the information you need?