Credit cards of some banks can transfer funds to the debit cards of the same bank, but cannot realize inter-bank transfers, and a handling fee will be charged.
1. A credit card is a debit card. The overdraft limit in a credit card is an amount of money granted by the bank to encourage the cardholder to use the card for consumption. Transfer is not consumption, so it does not belong to a credit card. basic functions.
It is understood that the credit cards of several banks such as Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and China CITIC Bank can transfer funds to the savings cards of peers but cannot realize inter-bank transfers. Bank of China, Bank of Communications, Guangfa Bank, Several banks, such as China Merchants Bank and Ping An Bank, can transfer credit card overdraft amounts to peer savings cards, and also support inter-bank transfers of credit card overdraft amounts. However, the handling fees for inter-bank transfers of credit card overdraft amounts are relatively high, and there are many restrictions on handling them.
2. Credit card transfers are the same as cash withdrawals, and are subject to a certain limit, and also charge handling fees and interest; in addition, credit card overdraft transfers need to be processed through online banking or telephone banking, and cannot be done at the bank counter or self-service Completed on the device, the limits, fees and interest standards are the same as those for credit card cash withdrawals.
If the cardholder uses a credit card to transfer money, the bank will charge an interest of 5% per day, and a one-time handling fee of 1% based on the transfer amount. If the cardholder forgets to repay the loan, he or she will also have to pay overdue penalties. The standard is 3% of the total overdue amount and not less than 30 yuan; if the cardholder repays the loan in advance, an early repayment fee will be required. The amount is 2% of the transfer principal, and the new features enjoyed by credit card transfers are expensive.
Extended information
Swiping your card on a POS machine is the most common way to use a credit card, and it is a way of swiping your card online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect to a payment gateway such as a bank, and enter the corresponding amount. .
After the remote payment gateway accepts the information, the POS will print out a receipt for payment by card (at least two copies). The cardholder should sign the receipt after checking that the information on the payment receipt is correct. After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the operator gives the credit card and a copy of the card payment receipt to the cardholder. At this point, the card swiping procedure on the POS machine is completed.
Baidu Encyclopedia: Credit Card