Can credit cards be used to transfer money?

Credit cards cannot be used to transfer money directly because the main function of credit cards is to make overdraft purchases in advance. But if you want to use a credit card to transfer money, you can use the following methods, one is overpayment transfer, and the other is credit card cash withdrawal.

1. Transfer of excess payment.

Overpayment refers to the extra money you pay back when you repay your credit card. This part of the money can be used for transfer, but it can only be transferred to the savings card of the same party, and certain procedures will occur. fee.

2. Cash withdrawal by credit card.

This is equivalent to a cash advance. Funds can be transferred to any bank's UnionPay card (not limited to the person's name) at designated bank ATMs in designated cities. This type of transfer not only charges handling fees, but also charges interest, and interest is calculated on 50,000% of the daily transfer amount from the date of transfer. 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.

Extended information.

1. Overpayment transfer process.

1. First download the China Construction Bank APP on your mobile phone, and then choose to open the China Construction Bank APP on your phone;

2. On the homepage of the China Construction Bank APP, choose to open the credit card;

3. On the credit card page, select to open cash transfer;

4. On the cash transfer page, select the credit card with overpayment;

5 , in the interface of selecting a credit card with overpayment. Choose to transfer to a debit card, enter the transfer amount, and click Next;

5. After completing the verification of the SMS verification code, you can complete the process of transferring the overpayment to the debit card. .

Operating environment:

Brand model: iPhone13

System version: iOS15.0

App version: 5.6.3.001

2. Withdraw cash at bank counter.

Users can bring their credit card to the bank counter, make a cash withdrawal application to the bank staff, and then enter the withdrawal login password with the help of the bank staff to withdraw cash.

3. Withdraw cash from ATM machines.

Put the credit card into the ATM machine, enter the credit card transaction password, select cash withdrawal, then enter the cash withdrawal amount, and finally press OK.

How do I transfer money to someone else using 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 activate one of telephone banking, online banking and mobile banking. After transferring and borrowing cash, cardholders 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.