Many people think that since credit cards can be used to overdraw consumption, they can also withdraw cash for emergencies, and of course, they can also transfer the money inside to savings cards. In fact, the credit card itself does not have the transfer function, but it can be indirectly transferred by handling cash loan related business. Let's have a look.

Many banks' credit cards can provide cash loans. After successful processing, the money in the credit card is directly transferred to the savings card, including cash advance and cash installment. The nature of different businesses is different:

1. Cash in advance:

This is actually the same as cash withdrawal, but it is handled through mobile banking APP or credit card online banking. Anyone who meets the requirements can apply. After the bank checks, the money in the credit card will be transferred to the savings card without the cardholder's own operation. Transfer money.

It should be noted that after the cash advance is successfully processed, the transfer fee will be charged, which is generally 65438+ 0% of the transfer amount, and the interest will be calculated at the rate of five ten thousandths per day from the date of transfer. The total amount of transfer and the interest generated will be included in the minimum repayment amount of the first bill, which needs to be repaid in full.

2. Cash installment:

It can be divided into two situations, one is the installment within the credit line, and the other is the installment of the exclusive line. The difference is that the installment amount is different and you need to apply to the bank. After the approval, you can transfer the money to the savings card. Unlike cash in advance, you can enjoy the interest-free period, but you need to pay the installment fee, and the rate is around.

After successfully handling the bills, it is necessary to repay part of the principal and handling fee in each period. In addition to timely repayment, you can also repay in advance, but it is not necessary, because the remaining handling fee for prepayment also needs to be paid off at one time, which is very uneconomical.

Summary: The above is "Can credit card money be transferred to savings card?" . In short, the cardholder can't manually transfer the credit card money to the savings card, but the bank can transfer the credit card money to the personal savings card provided by the cardholder by handling credit card lending business such as cash advance and cash installment.

Can I transfer a credit card to a savings card?

Credit cards can be transferred to savings cards, and funds can be transferred to UnionPay cards of any bank at designated bank ATMs in designated cities, or directly to bank counters. At present, most banks also support online transfer. If you want to withdraw more cash from your credit card, you can only transfer it to your peer savings card, and it is not free. You need to charge a certain handling fee, usually 0.5%-3%.

At present, the daily limit of credit card overdraft withdrawal is 2000 yuan, and the handling fee is charged at 1% of the withdrawal amount, with the minimum charge of 10 yuan. In addition to the formalities, you have to charge interest of 0.5% of the cash withdrawal amount every day, which is also a big expense.

Although you can transfer money by credit card, I want to remind you that there are many disadvantages in transferring money by credit card, 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.

The essence of credit card is different from debit card. Credit cards are paid first, and debit cards are paid first. The order of deposit and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, debit cards are used for deposit, transfer and cash withdrawal, but credit cards can also be used for transfer when there are special needs.

There are two types of credit card transfers. One is overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to your own peer savings card, and it is not free, and you need to charge a certain handling fee, usually 0.5%-3%.

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. That's another kind of credit card direct transfer, which is equivalent to cash advance. Although this method is convenient, it is not a long-term solution for users. Because 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.

Can I transfer a credit card to a bank card?

Credit cards can be directly transferred to bank cards, and users can directly transfer the credit card amount to their peers' savings cards when handling cash advance business. Cash advance, like cash withdrawal by credit card, needs to pay withdrawal fee and interest. Therefore, credit card to bank card is only suitable for short term.

Before a credit card is transferred to a bank card, the credit card must have a cash withdrawal limit. When the withdrawal amount is insufficient or used up, users will not be able to borrow cash in advance.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Can the money in the credit card be transferred to the savings card?

Credit card money can't be withdrawn by debit card, and then it can be used flexibly. If you want to withdraw cash, you can only handle the cash installment business of credit card, so you can transfer the money to your own savings card, but the cash installment can only be used for consumption, and you need to provide the same amount of consumption vouchers.

Credit card cash installment is a installment method in which the cardholder applies, or the issuing bank invites the cardholder to apply, to convert the credit limit in the cardholder's credit card into cash, or to misappropriate it again if there is no credit limit, and then transfer the money to the debit card (bank or other bank) account designated by the cardholder, and the cardholder will return it according to the specified installment times.

At present, not all banks only have cash installment business. Banks such as ICBC, China Construction Bank, Shanghai Pudong Development Bank and China Everbright Bank support cash installment business. Before using this function, you should consult your card issuing bank in advance whether this service is available.

There is an installment fee for cash installment. Usually, the number of periods you can choose is 3, 6, 9, 12, 18, 24, etc. The credit card cash installment fee shall be charged by not less than 50% of the benchmark interest rate of loans of the same grade in the same period of the People's Bank of China.

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References:

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Can I transfer a credit card to a bank card?

The essence of credit card is different from debit card. Credit cards are paid first, and debit cards are paid first. The order of deposit and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, debit cards are used for deposit, transfer and cash withdrawal, but credit cards can also be used for transfer when there are special needs.

There are two types of credit card transfers. One is overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to your own peer savings card, and it is not free, and you need to charge a certain handling fee, usually 0.5%-3%.

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. That's another kind of credit card direct transfer, which is equivalent to cash advance. Although this method is convenient, it is not a long-term solution for users. Because 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.

Take the current situation as an example. At present, the daily cash withdrawal limit is 2000 yuan, and the handling fee is charged at 1% of the cash withdrawal amount, with a minimum charge of 10 yuan. In addition to the formalities, you have to charge interest of 0.5% of the cash withdrawal amount every day, which is also a big expense.

Can I transfer a credit card to a savings card?

Credit card money can't be transferred to savings card. If you want to transfer the money to the savings card and use it flexibly, you can only apply for cash installment and then transfer the money to the savings card in your name. However, cash installment can only be used for consumption, and equivalent consumption vouchers need to be provided.

1. savings card: a savings card is a financial transaction card issued by a bank to provide financial services to depositors, which belongs to a debit card. There are two kinds: magnetic stripe and chip. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines.

2. Requirements for handling a savings card: With my valid ID card, go to any business outlet of the bank to handle it. You must open a current account first. The account balance shall not be less than 10 yuan. Unstamped withdrawal account. Non-loss-reporting account, frozen account and normal account status.

3. Application conditions for savings card: with my valid ID card, I will go to any business outlet of the bank to handle it. You must open a current account first. The account balance shall not be less than 10 yuan. Unstamped withdrawal account. Non-loss-reporting account, frozen account and normal account status.

4. Savings ATM business: Automatic teller machine (ATM) is a service means and tool provided by savings for depositors, and it is also a self-service bank for depositors to realize self-service; It is the crystallization of modern communication technology, computer technology and banking services. Can provide depositors with deposit and withdrawal, account inquiry, personal password modification and other functions.

5. Savings POS business: Savings POS business is a consumer service tool provided by savings to promote the realization of electronic money, reduce cash circulation and reduce the labor intensity of merchants. In shopping malls, hotels, entertainment places, public service places, etc. Where the POS terminal has been installed in the bank card network, the savings card user can use the account for consumption, without cash, and the amount of consumption and payment by the user is not limited, and the handling fee is exempted. But the account can't be overdrawn. In addition, Savings also launched mobile phone payment service and telephone wallet payment service, which is easy and flexible, and it is convenient to pay anytime and anywhere 24 hours a day.

Here, credit cards can be transferred to savings cards.