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 is 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 unpaid portion of the minimum repayment amount. The interest is high, and the interest is compounding. 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 peer savings 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 fees vary from bank to bank, but they are generally between 1% and 3%.
How to transfer credit card money to a bank card
If you want to transfer credit card money to a bank card under your name, customers can withdraw cash on Android or Apple phones. You can log in to online banking/mobile banking/credit card APP, select the credit card you want to withdraw the limit from, then check the cash advance option, and then provide the receiving bank to transfer the credit card limit to the bank card.
Of course, customers can also bring their credit cards or debit cards directly to the branch to withdraw cash, insert the card into the ATM machine, withdraw the money and then deposit it into the bank card; or go directly to the counter to find a job Personnel handles cash withdrawal and transfer procedures.
However, everyone needs to note that credit cards generally cannot transfer the entire credit limit to a bank card, because the credit card cash withdrawal limit is usually only 50% of the credit limit. In other words, customers can transfer up to half of their credit limit.
After withdrawing cash from a credit card, customers must remember to repay the money on time. If you fail to repay on time within the stipulated time and become overdue, your personal credit will be damaged and the credit limit may not be restored, which will also affect the subsequent use of the credit card.
Information expansion:
The consequences of non-repayment of credit cards:
The first consequence: affecting personal credit reporting
Now is a credit society , Personal credit investigation is very important for a person. If there is a stain on your personal credit report, it is basically impossible to get a loan to buy a house or a car in the future. First of all, one thing needs to be made clear, that is, if you do not pay back the money you owe on your credit card, it will definitely have a serious impact on your credit report.
In the old version of the central bank’s credit report, bad records were kept for 5 years and good records were kept for 2 years. The new version of the credit report, the personal credit report shows the "5-year repayment record." And in the future, each person’s monthly repayment record and default situation will also be reflected in the report in detail.
Therefore, everyone must not fail to pay back the money they owe, otherwise they will go into the central bank's credit reporting system, which will affect future loans to buy a house and a car. In serious cases, travel will be restricted and you will not be able to buy air tickets or train tickets.
The second consequence: if the circumstances are serious, it may constitute a crime
Here I will first explain to you a term, which is what is a malicious overdraft on a credit card. The so-called malicious overdraft refers to an overdraft that exceeds the prescribed limit for the purpose of illegal possession, and the bank has called you twice for repayment, but the money has not been returned to the bank for more than 3 months. Banks will use different collection methods according to different situations. Of course, banks are legal business institutions, so their collection methods must also be legal.
In order to give everyone enough time to repay, the bank will provide a repayment "time tolerance" service, and will also add repayment reminders every month. If it is an ordinary credit card that is overdue, it does not constitute a crime. However, if it constitutes a credit card crime, you will be legally responsible. If the case is serious, you may also face the risk of imprisonment.
How to transfer money from a credit card to a bank card
To transfer money from a credit card to a bank card, you need to consider the following two situations. The situations are as follows:
< p>1. When the user's money is stored in the credit card and the amount exceeds all the outstanding balances in the account, this money is called overpayment, which can be used to offset subsequent credit card consumption, or can be transferred to other bank cards. However, a handling fee will be charged when transferring out. Taking the Agricultural Bank of China as an example, the handling fee is 1% of the amount withdrawn, with a minimum of 1 yuan per transaction.2. There is no money deposited in the credit card. Now there is only a limit. At this time, the limit can only be converted into cash by applying for a cash advance, and then withdrawn to other bank cards, but the cash advance Handling fees and interest will be charged. For example, Agricultural Bank of China charges 1% of the transaction amount as a handling fee for cash withdrawals at the bank. Interest is calculated on a daily basis, and the daily interest rate is 0.05%.
Notes on credit card transfers:
Usually credit cards have a fixed limit and a cash withdrawal limit, and the cash withdrawal limit is configured according to 50% of the credit card limit.
For credit card overdraft withdrawals, in addition to the cash withdrawal handling fee (0.5% of the cash withdrawal amount, at least 2 yuan), starting from the day of withdrawal, an interest of 0.05% of the cash amount will be charged every day. The maximum withdrawal limit for each card is 2,000 yuan, and the cumulative cash withdrawals shall not exceed half of the credit card limit.
When many banks provide cash advances, they can only withdraw the cash to the bank card that goes with the credit card, so it is best for users to prepare a debit card that goes with the user's credit card in advance.
There is no interest-free period for credit card cash advances. Users need to pay interest at a daily interest rate of 0.05% from the day of the advance. The maximum credit card cash advance amount is 50% of the total amount. If If the remaining usable limit of your credit card is less than 50%, you can only withdraw the remaining limit.
That’s it for the introduction of how to transfer funds from a credit card to a bank card.