Is it safe to transfer a credit card overdraft to a debit card?

Direct overdraft transfer via credit card is not possible, because the credit card limit given by the bank is for overdraft consumption, and it is directly applicable The merchant POS machine swipes the card for consumption or binds a third-party payment platform, such as Alipay, WeChat and other online transactions.

If you want to use a credit card to transfer funds, you need to apply for a cash loan business from the bank. After the bank passes the review, it will transfer a certain amount to the savings card you provide, and this amount does not necessarily occupy the credit card limit, such as Xiaopuhong Loan of Shanghai Pudong Development Bank does not occupy the credit card limit.

Mr. Butterfly reminds: The funds transferred from the bank actually belong to online loans. Although the funds are transferred to your savings card, there are still certain restrictions on consumption purposes and cannot be used for investment.

In addition, credit cards also provide a cash withdrawal service, which can also meet cardholders' needs for cash. When using a credit card to withdraw cash, cardholders need to bear handling fees and interest. Cardholders can directly transfer the credit card limit to a savings card through bank channels.

In short, credit cards cannot be transferred directly. If you want to withdraw cash with a credit card, you can apply for a cash loan or withdraw cash from the bank, but the cardholder needs to bear the handling fees and interest.

Can I transfer money by credit card?

Direct overdraft transfer by credit card is not allowed. If you want to transfer money, you can only use these two methods: withdraw cash from overpayment or withdraw cash from credit card and then transfer; Apply to the bank for cash loan business. After the bank passes the review, it will transfer a certain amount to the savings card you provide.

1． If the transfer is through overpayment, it is equivalent to withdrawal, and the bank will charge a handling fee of 0.5 to 2, with no interest. If there is no overpayment in the credit card, the transfer can only be made through cash advance. Generally, a cash withdrawal fee of 1 will be charged for the transaction amount, and interest will be charged at a daily rate of 0.05% from the date of withdrawal to the date of settlement, and compound interest will be charged monthly.

2. The fees, interest, and limits are the same as the domestic RMB cash advance business. That is, within the available limit of cash advance, the cumulative daily cash advance amount of each card shall not exceed 2,000 yuan. The handling fee is 1% of the transaction amount, and the minimum charge is 10 yuan/ Pen; does not enjoy interest-free repayment treatment, interest will be charged at a daily interest rate of 0.5% from the transaction date to the settlement date, and compound interest will be charged on a monthly basis.

: Functions of credit card

1. It is a credit certificate. Credit card account overdue records, credit limits and other information will be recorded in the national personal credit system. Cardholders can increase intangible assets such as credit through continuous accumulation, which is a beneficial support for cardholders to carry out other economic activities, such as applying for loans from banks.

2. It has credit function. With a credit card, you can spend money first and pay back later. You can enjoy an interest-free period of up to 50 days for consumption. If you pay off all the money on time, you can be exempted from the interest charged by the card-issuing bank on advances for cardholders.

3. Ability to make installment payments. When a cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to repay the money in installments to the bank.

4. Ability to withdraw cash. Cardholders can withdraw deposits from their credit card accounts at the card issuer's branch counters or ATMs, or they can also borrow cash in advance.

5. Enjoy the settlement function. Spend money at networked domestic and foreign merchants, withdraw cash at ATMs and bank outlets, and transfer funds for settlement.

Credit card cash advance repayment method (is transfer possible)

Yes, any savings, current transactions, etc. transferred directly from your own bank account to your credit card account will be considered For credit card repayments, of course, the account and credit must be from the same bank.

The amount transferred into the credit account will be regarded as repayment, but it is not designated as a "cash advance" Each bank has its own repayment priority... Cash advances are often seen as the last installment... Therefore, repaying the cash advance part is equivalent to repaying the entire loan... .

Of course, if you only have a cash advance and no other purchases, there will be no problem above.

Can credit card transfers be made?

Credit cards can be used. The transfer operation must be carried out through cash advance and overdraft payment. The overdraft limit cannot be used for transfer.

Credit card transfer method:

1. Overpayment transfer. If you want 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 and requires a certain handling fee. At present, only a few banks have adopted a fee-free policy for credit card overpayment recovery transactions, including Guangfa, Shanghai Pudong Development, China Construction, Industrial and Commercial Bank and other banks.

2. Direct overdraft transfer. 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, provided that a debit card with a different bank is required.

3. Cash installment transfer. Depending on the cardholder's credit limit and card usage record, 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.

Disadvantages of using credit card transfers:

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 50,000 per day starting from the day the cash is withdrawn into your account until the balance is paid off.

2. Full repayment is required during repayment: Cash withdrawal is different from overdraft consumption. Full repayment is required on the repayment date, and cannot be paid in installments or at a lower rate. If the user's own repayment ability is limited and he uses a credit card to withdraw large amounts of cash, it will inevitably cause difficulty in repayment.

Cash can also be withdrawn by credit card. Cash withdrawal is one of the inherent functions of a credit card. Normally, the cash withdrawal limit of a credit card is 50% of the total limit. However, cardholders need to pay a handling fee when withdrawing cash with a credit card, which is generally 1-2% of the cash withdrawal amount. The specific situation is subject to the bank's regulations. Credit card cash withdrawals are divided into overdraft cash withdrawals and overdraft cash withdrawals. Overdraft cash withdrawals use the inherent limit of the credit card to withdraw cash. Overpayment cash withdrawal means that the cardholder uses the money deposited in the credit card to withdraw cash. Cardholders need to pay attention to the fact that no matter which of these two cash withdrawal methods, there is a handling fee. In terms of cash withdrawal methods, we can use the bank's ATM machine to withdraw cash, or we can use mobile online banking to withdraw cash, which is very convenient. When using the cash withdrawal function of a credit card, everyone needs to pay attention to repaying the loan on time, otherwise it will stain your credit report and cause trouble for our future loans.

Can credit cards be transferred?

The main function of credit cards is consumption overdraft and cannot be transferred directly.

If you want to use a credit card to transfer money, you can use the following method: use a credit card to withdraw cash, and then transfer will incur certain handling fees and interest.

The main function of a credit card is consumption overdraft, and cannot be transferred directly. 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. Overpayment for transfer.

An overpayment is the amount of money a cardholder pays when paying off a credit card.

This part of the money can be used for transfer, but it can only be transferred to the debit card of the same cardholder, and there will be a certain handling fee.

The main function is consumption overdraft, which cannot be directly transferred to a bank account. If you want to use a credit card to transfer a bank account, you can use the following methods, one is to transfer overpayment currency to a bank account, and the other is to withdraw money by credit card now.

2. Withdraw cash by credit card.

The current withdrawal limit of a credit card is generally 50% of the credit limit. Current withdrawals also require a handling fee. Generally, the handling fee is about 1% of the current withdrawal amount. You can limit the minimum amount and the maximum amount at the same time. Amount, and there is no interest return period. After interest is charged, an interest of 5% will be charged every day.

Credit card usage and precautions:

1. After receiving the credit card, you need to activate it first.

If you apply for a credit card online, you can only activate it at a bank branch.

If you apply for a credit card from a bank, you can activate it online.

Cardholders can log in to the official website of the bank to which the credit card belongs, call the customer service number marked on the back of the credit card, or download the bank's mobile APP to open a card.

2. Ordinary credit cards will not be activated and no annual fees will be charged. High-end credit cards will not be activated and will charge a large annual fee. However, banks generally have a free annual fee policy. You need to ask the staff in advance. .

To use a credit card, you usually go to a shopping mall to swipe the card, enter the password and sign. Do not lend the credit card to others. If others cause the credit card to become overdue, the bank will hold the cardholder responsible.

3. When using a credit card, do not spend blindly, but pay attention to your limit.

If you feel that you are unable to repay, you need to stop consuming, otherwise the overdue payment will be recorded in the credit reporting system, resulting in future bank credit business not being judged.

On the credit card repayment date, the bank will give the cardholder a grace period of 3 to 5 days.

Payments made within this period are not considered past due.

After this period, once the loan is repaid, the bank will charge default interest and record the credit information.

Is it not possible to transfer money with a credit card?

Question 1: How can I transfer money to others using a credit card? Hello, do you use our credit card? If so, our credit card supports cash advance through ATM, bank counter, online banking and telephone. If you use online banking cash advance/telephone cash advance, you can transfer the required funds to the China Merchants Bank All-in-one Card in your name in real time (the account opening documents of the credit card and All-in-One Card must be consistent). Supplementary cardholders can use the telephone to advance cash, but cannot use online banking to advance cash.

If the ATM credit card transfer is equivalent to a cash advance, the funds can be transferred to a UnionPay card of any bank (not limited to the person’s name). The transfer limit, handling fees and interest charges are the same as Cash advances are consistent.

Each credit card needs to set a transaction password and keep the cash advance function enabled before cash can be withdrawn.

Access method: Log in to credit card online banking, click Card Management → Transaction Password Management, and follow the prompts.

More ways

Mobile banking: Log in to credit card mobile banking, enter Card Management → Transaction Password Management, and follow the prompts.

Phone voice: Call the credit card service hotline, after verifying your identity, press 3, and then press 3 again to enter the transaction password setting and modification.

Handling fees, interest and limit limits:

Handling fees: The handling fee for domestic RMB cash advances is RMB 1 of the amount of each cash withdrawal, with a minimum charge of RMB 10 per transaction; overseas RMB cash advance The cash borrowing fee is 3% of the amount of each cash withdrawal, and the minimum charge is 3 US dollars or 30 yuan per transaction (American Express-Centurion Black Gold Card, American Express-Centurion Platinum Card charges a minimum charge of 5 US dollars or 30 yuan per transaction) 30 yuan). There is no inter-bank handling fee for cash advance.

Interest: Cash advance does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged at a daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis.

Limit limit: The cash advance limit is generally 50 of the credit limit (except for cards with special provisions).

At the same time, the daily cumulative cash advance amount of each domestic card is capped at RMB 2,000; the daily cumulative cash advance amount of each household for overseas non-UnionPay lines does not exceed the equivalent of US$1,000, and the cumulative amount within one month does not exceed the equivalent of US$5,000. , the cumulative amount within 6 months does not exceed the equivalent of US$10,000.

(You can consult online through QQ or WeChat any information you want to know about China Merchants Bank’s credit card services. Method 1: Search 4008205555 among QQ business friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: Search the number "cmb4008205555" in WeChat and follow China Merchants Bank Credit Card Center)

Question 2: Why can't the credit card be transferred? This is almost considered a cash out, isn't it used like a bank card. The bank won't allow it.

Question 3: Can credit cards be transferred? Hello, since the function of credit cards is mainly used for overdraft card consumption and does not have the transfer function of debit cards, the transfer and remittance business cannot be operated.

If you deposit extra funds to our credit card, then this fund is an overpayment. The overpayment can be withdrawn in cash, but a handling fee will be charged (domestic RMB cash advance is charged for each advance) The handling fee is calculated based on 1% of the amount of cash borrowed, the minimum fee is RMB 10 per transaction), and no interest is charged.

If you have any other credit card questions, you can add the credit card QQ corporate customer service (4008205555) or WeChat (China Merchants Bank Credit Card Center) for consultation. Thank you for your attention and support to China Merchants Bank!

Question 4: Can funds be transferred between credit cards and debit cards? Bank savings cards can be transferred to credit cards for repayment, but credit cards cannot be transferred to savings cards. Credit cards can only be used for consumption and cash withdrawal, and only after withdrawing cash can be deposited into the savings card.

Question 5: Can I transfer money to a credit card? I believe many users must know that credit cards cannot transfer money, but some people are not sure whether they can transfer money to a credit card. In fact, general debit cards can transfer funds to credit cards. If you want to use your credit card to receive money from someone else, all you need to do is give the person your credit card. The remitter will make a direct deposit or transfer money directly from your savings account based on the information you provide. However, transfers to credit cards generally arrive on the second working day, which cannot meet the demand for real-time transfers. In addition, according to different regulations of each bank, the handling fees charged when transferring funds to credit cards are also different. There is no handling fee for peer transfers. It should be noted that debit cards can transfer funds to credit cards, but credit cards do not have the ability to transfer funds to debit cards, so you cannot use credit cards to transfer funds to credit cards. When there is no arrears, the money deposited into the credit card through transfer is also called overpayment. Users can use this overpayment according to their own needs, but corresponding fees will also be charged when the overpayment is withdrawn.

Question 6: Can credit cards not be used for transfer and remittance? Generally, credit cards cannot be used for overdraft transfers. If there is an overpayment in the credit card, transfers can be made.

Question 7: Can credit cards be used for online transfers? Online transfers are already the most familiar method of remittance, but most people use debit cards for online transfers. So? This is a question that many netizens will ask. Here I love the card and I will answer it. In fact, all credit cards cannot be transferred directly, but Alipay and Tenpay can be recharged, because the recharged money is used for consumption and cannot be withdrawn in cash. Credit cards cannot be used for overdraft transfers, but if there is excess deposit in the credit card, transfers can be made. However, this situation is regarded as a cash withdrawal. Therefore, fees and interest corresponding to the cash withdrawal amount must be paid in accordance with the cash withdrawal requirements. Bank The interest rate is generally 50,000 per day. Although credit cards cannot transfer funds externally, they can accept transfers from other debit cards. If you want to use your credit card to receive money from someone else, all you need to do is provide your credit card to the sender. The remitter will use the information you provide to remit money directly to your credit card through online banking.

Therefore, since the credit card has the function of accepting transfers, the credit card can be transferred and repaid online. If you hold a debit card from another bank and have opened the inter-bank transfer function of online banking, you can use this function of online banking to Repayment by credit card transfer from our bank.

Question 8: Can credit cards be used only for consumption and not for transfers? If there is no charge for transferring money, credit card can transfer money or deposit money; transferring money is regarded as "cash advance" and depositing money is "overpayment".

Overpayment:

① This amount can increase the available limit of the credit card, or be directly used for consumption repayment;

② If there is an overflow in the credit card If you make a payment, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, it will not form an overdraft;

③ For example, if you need to repay 900 yuan in this period, the actual repayment is 1,000 yuan. Yuan, the extra 100 Yuan is the overpayment;

④ If you deposit money into the credit card in advance without consumption, then this part of the money cannot be withdrawn. If you want to withdraw it, you will Charging high handling fees should be avoided as much as possible;

⑤ Overpayment does not accrue interest.

Cash advance:

①The amount of cash advance that can be borrowed is one-third to the full amount of the credit limit, and the total amount plus the total amount of transactions must not exceed your credit limit credit limit, and some banks have limits on the amount of daily cash advances;

②Some domestic banks limit it to 50% of the credit limit;

③No guarantee is required within the limit , you can get cash quickly;

④ There is no interest-free repayment period when using a credit card to advance cash, and interest will be calculated from the day the cash is withdrawn;

⑤ The interest rate for cash advance is very high High, the daily interest rate is 5/10,000;

⑥The handling fee is very high, and the handling fee is generally more than 1 and is collected in one time.

Question 9: Why can’t I transfer funds to my credit card? Credit cards cannot be transferred to Alipay. The 50-point credit card cannot transfer funds in the first place. Because the so-called credit limit belongs to the bank, they can only give it to you for consumption. When you swipe your card, the merchant has to pay the bank a handling fee, so the bank actually makes money.

So, when you transfer money, or transfer money to Alipay, the bank gets nothing from you, but loses interest. Therefore, the bank will not allow you to do this kind of thing.

Question 10: If the credit card is invalid, can someone else transfer money to it? If the validity period of the credit card has expired, the card is invalid. Can't transfer money in.

That’s it for the introduction of whether credit cards can be used for overdraft transfers.