Credit cards can transfer money, but you should pay attention to the transfer type and related expenses. There are two main situations:

First of all, if you have overpayment in your credit card account, that is, deposits exceeding the credit limit, you can transfer money, but only to the savings card with the same name in my name. However, this kind of transfer is not free, and a handling fee of .5% to 3% is usually charged.

secondly, if you need to transfer money when there are no other funds available, you can try to borrow cash in advance by credit card, and then deposit the cash in debit card before transferring money. This method not only needs to pay the handling fee, but also has interest. Usually, interest is calculated at five ten thousandths of a day from the date of transfer. In addition, most banks have a daily transfer limit of 2, yuan, and the amount of cash allowed to be withdrawn generally does not exceed 5% of the credit line.

in addition, it is worth noting that overdue credit card bills will have serious consequences. Overdue will not only result in liquidated damages, usually 5% of the unpaid part of the minimum repayment amount, but also generate high interest, calculated on a daily basis. Overdue records will also affect credit records, which may lead to the inability to apply for financial services such as mortgages or loans within two years. If it is overdue for more than three months, and the amount exceeds 1,, and the bank has repeatedly failed to collect it, it may face criminal responsibility, not only to repay the arrears, but also to bear additional legal consequences.

the above information comes from Rong 36 credit card raiders and Baidu encyclopedia credit card related content.