Can credit cards be used for direct transfer?

Credit cards cannot be used for direct transfer. The main function of credit cards is consumption overdrafts and cannot be used for direct transfer. If you need to use a credit card to transfer to a bank account, you can do so through the following How to operate:

1. Overpayment transfer: The cardholder pays more when paying off the credit card, and then this part of the money can be used to transfer, but it can only be transferred to the debit card of the same cardholder. There will also be a certain handling fee.

2. Credit card cash withdrawal: Cardholders can bring their ID cards, credit cards and debit cards to bank branches to handle credit card overdraft withdrawals and withdraw cash to the debit card, but a certain handling fee is usually charged for cash withdrawals. and interest.

Credit cards cannot be used for direct transfer. The main function of a credit card is overdraft consumption. Although credit cards also have the function of withdrawing cash, cardholders cannot directly use credit card overdraft transfers. If they want to use a credit card to transfer money, they can only transfer the overdraft or withdraw cash from the credit card and then transfer, or Apply for a cash advance from the bank. The person is applying for a cash advance from the bank.

Can I transfer money with a credit card? How to transfer money with a credit card

1. Credit cards cannot transfer money to each other. Credit cards can only transfer money to debit cards. Credit card transfers are equivalent to credit card cash withdrawals. Called a credit card cash advance. The daily interest rate for credit card cash advances is 50,000% of the advance amount, which is the same for all banks. Cash advance fees vary from bank to bank, but are generally more than 1% of the advance amount. If there is an overpayment in the credit card, which is what we often call the deposit balance, the credit card transfer within the overpayment does not need to pay interest, but there will still be a handling fee.

2. Credit card and debit card transfers are divided into two situations:

(1) Credit card transfer to debit card

This situation is possible , but you must have a debit card from the bank and open one of telephone banking, online banking and mobile banking before you can transfer money. And you have to pay a certain fee, and just like cash withdrawal, there is no interest-free period, and you will have to pay 0.05% interest every day, which is not cost-effective.

(2) Transfer from debit card to credit card

Generally, this situation applies to credit card repayments. Telephone hotlines, business outlets, online banking, etc. can be directly bound to debit cards. , make self-transfer repayment before the repayment date.

Three methods you can definitely use to transfer money from a credit card to a bank card

Can a credit card be transferred to a bank card? Friends who are new to credit cards will have this question. Credit cards have functions such as swiping purchases, online payments, and overdraft cash withdrawals. They provide convenience but also have disadvantages. Let’s take a look at them below.

Generally, there are three methods:

1. Overpayment transfer. Overpayment transfer means that you have to withdraw extra money from your credit card. You can only transfer it to a bank card in your own name, and it is not free. A certain handling fee is required, usually a cash advance. Direct credit card transfer is equivalent to a cash advance. Funds can be transferred to a UnionPay card of any bank (not limited to your own name) at designated bank ATMs in designated cities. The prerequisite for direct transfer using a credit card is that you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking.

The domestic RMB transfer fee is 1% of the amount of each transfer, with a minimum charge of RMB 10 per transaction; the overseas transfer fee is 3% of the amount of each transfer, with a minimum fee of US$3 or 30 per transaction Yuan and RMB (except for cards with special provisions).

3. Pay for your friends. Use the payment function of your credit card to help friends who don’t have a credit card complete the payment. When he pays you back, ask him to transfer it directly to your bank card. This way there are no handling fees and no interest charges.

Reminder: From the date of transfer, interest will be calculated on 0.5% of the daily transfer amount. Moreover, the amount that can generally be transferred is 50% of the credit card limit.

Disadvantages of transferring funds from credit card to bank card

1. High cost of cash withdrawal: Not only do you have to pay a handling fee to withdraw cash by credit card, but you also cannot enjoy the interest-free period for normal consumption. Interest will be calculated at 0.5% per day starting from the day the cash is withdrawn into the account.

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

So, I think card friends should try their best to use debit cards to transfer funds. The cost of using credit cards to transfer funds is high and not cost-effective.

How to transfer money by credit card

Do you know how to transfer money by credit card? What is needed to transfer money by credit card? If you are not sure, let’s take a look at how to transfer money by credit card. .

The answer is yes, but there is a limit and the handling fee is not low. If you need to transfer money, you can open credit card online banking. The operation is as follows: Taking China Construction Bank as an example, online registration can only be done after you have opened a card and set a consumption_cash withdrawal password.

1. Log in to the China Construction Bank website.

2. Click on Online Banking Service.

3. Click to activate online banking services.

4. Confirm the customer service agreement.

5. Enter personal information as prompted, where the account number is your credit card++, the account password is your credit card consumption_cash withdrawal password, and the additional code is entered as shown in the box on the right. After successful registration, you can log in to credit card online banking with your ID number, the login password you entered when registering, and the additional code prompted to complete credit card transfers. How to transfer credit card to Alipay? It should be noted that credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. Two ways. Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require a partial handling fee, depending on the regulations of each bank. Credit card cash withdrawals mainly include overdraft cash withdrawals and overdraft cash withdrawals. Overdraft cash withdrawals are small cash loans provided by banks to cardholders, helping cardholders to flexibly allocate funds when they are in urgent need.

The above is an introduction to the specific content of how to transfer money with a credit card. I hope it can be helpful to you.

I would like to ask how to transfer money to others with a credit card

Credit card transfers are subject to conditions. Users who request credit card transfers must have a debit card from the bank and open a phone number One of banking, online banking and mobile banking. After the cardholder transfers and borrows cash, he must pay for it and pay related fees. Interest of 0.05% is charged every day, and relevant handling fees are also charged.

Take China Construction Bank as an example. Online registration can only be done after you have opened a card and set a consumption_cash withdrawal password.

1. Log in to the China Construction Bank website.

2. Click on the "Online Banking" service.

3. Click to activate the "Online Banking" service.

4. Confirm the customer service agreement.

5. Enter personal information as prompted, where the account number is your credit card++, the account password is your credit card consumption_cash withdrawal password, and the additional code is entered as shown in the box on the right.

6. After successful registration, you can log in to credit card online banking with your ID number, the login password you entered when registering, and the additional code prompted to complete credit card transfers.

For more information on how to transfer funds to others with a credit card, go to: View more content

How to transfer funds from a credit card to a bank card

1. Transfer of overpayment

Overpayment transfer means that you have 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%. .

2. Cash advance

Direct credit card transfer is equivalent to a cash advance. Funds can be transferred to any bank’s UnionPay card at designated bank ATMs in designated cities (not Only in my own name). The prerequisite for direct transfer using a credit card is that you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking. 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 card limit.

3. Cash installment transfer.

According to the credit limit and card usage record of the cardholder, the cash installment amount that can be obtained is also different. For example, the maximum cash installment amount from China Merchants Bank is 50,000 yuan.

After the cash installment is successfully processed, the money will be transferred to the debit card in the name of the cardholder. In terms of fees, there is no interest for cash installment, but there is a handling fee.

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.

This ends the introduction on how to transfer money with a credit card and how to transfer money to Alipay with a credit card. Did you find the information you need?