Credit cards cannot be directly transferred for repayment, but one credit card can be used to withdraw cash, and another credit card will be returned, which will generate corresponding interest and handling fee for withdrawal.

Direct transfer by credit card is equivalent to cash advance.

If the user has no disposable funds, but must transfer money, he can withdraw cash through a credit card, then deposit the cash in a debit card and transfer money.

The premise of using this method to transfer money is that you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. Moreover, this kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, the daily transfer amount of five ten thousandths of interest. Moreover, the general transferable amount is 50% of the credit line, and there is an upper limit every day. Most banks pay 2000 yuan a day.

Extended data

Using credit card to transfer money has many disadvantages, such as:

1, the withdrawal cost is high: credit card withdrawal not only requires a handling fee, but also does not enjoy the interest-free period of normal consumption. Interest shall be calculated at 0.5 ‰ per day from the date of cash withdrawal, until the arrears are paid off.

2. Require full repayment when repaying: Cash withdrawal is different from overdraft consumption, and full repayment is required on the repayment date, and repayment cannot be made in installments or at a low price. If the user's repayment ability is limited and a large amount of cash is withdrawn by credit card, it is bound to be difficult to repay.

In view of this, card friends still try to transfer money with savings cards when they can. The cost of transferring money by credit card is too high.

Remittances from other people can be accepted, but there is no interest on the money deposited. If you take it out, you will be charged a handling fee and interest.

Baidu encyclopedia-credit card