There are indeed two ways to transfer credit cards:

First, overpayment transfer refers to the balance of the credit card account that exceeds the minimum repayment amount. When you want to withdraw it, you can only transfer it. to the savings card account with the same name. However, it should be noted that this transfer is not a free service and usually charges a handling fee of 0.5 to 3.

The other is a direct credit card transfer, similar to a cash advance. When money is tight, you can withdraw cash via credit card and transfer the cash to your debit card. Such transfers will not only incur handling fees, but will also accrue interest based on 50,000% of the daily transfer amount. Usually, the amount that can be transferred is limited to 50 of the credit limit, and the daily limit is usually 2,000 yuan.

However, improper use of credit cards can have serious consequences. If the bill is overdue, in addition to paying 5% of the minimum repayment amount as liquidated damages, the unpaid balance will also accumulate interest at 0.5% per day. Overdue records will not only affect your credit score, but may affect your loan and home purchase applications within two years. Moreover, if the debt is overdue for more than three months and the amount owed exceeds 10,000 yuan, even if the bank fails to collect the debt multiple times, you may still face legal proceedings. In addition to paying the principal, you may also be required to bear criminal liability.

Therefore, when using a credit card, be sure to pay attention to timely repayment to avoid unnecessary additional fees and credit risks.