To transfer money from a credit card to a bank card, you need to look at the following two situations, as follows:
1. When the user's money is deposited in the credit card and the amount exceeds all the debts under the account, this money is called overpayment, which can be used to deduct the subsequent credit card consumption, or transferred to other bank cards, but a handling fee will be charged when transferring out. Take the Agricultural Bank of China as an example, the handling fee is 1% of the recovered amount, with a minimum of 1 yuan per transaction.
There is no deposit in the credit card, and now there is only a limit. At this time, the limit can only be converted into cash by applying for cash advance, and then it can be withdrawn to other bank cards. However, advance cash will charge a handling fee and interest. For example, Agricultural Bank of China charges a handling fee of 1% of the transaction amount at the bank, with a daily interest rate of 0.05%.
Precautions for credit card transfer:
Usually, credit cards have a fixed amount and a cash withdrawal amount, and the cash withdrawal amount is configured according to 50% of the credit card amount.
For credit card overdraft withdrawal, in addition to the withdrawal fee (0.5% of the withdrawal amount, at least 2 yuan), interest of 0.5 ‰ of the withdrawal amount will be charged every day from the date of withdrawal, with a maximum withdrawal of 2,000 yuan per card per day, and the cumulative withdrawal will not exceed half of the credit card limit.
When many banks borrow cash in advance, they can only withdraw cash from their bank cards with credit cards, so users had better prepare debit cards with credit cards in advance.
Credit card cash advance has no interest-free period. From the date of advance, users need to pay 0.05% of the daily interest rate. The maximum amount of cash advance by credit card is 50% of the total amount. If the remaining available credit card limit is less than 50%, only the remaining credit limit can be withdrawn.
How to transfer money by credit card?
Credit cards cannot be directly transferred.
Supplementary information: Credit cards are mainly used for overdraft consumption. Banks issue credit cards to customers to support their credit card consumption, not to allow them to use credit cards to withdraw cash or withdraw cash. Therefore, there will be interest and handling fees for withdrawing cash from credit cards, which is forbidden by banks. In order to prevent cardholders from using credit cards to withdraw cash, credit cards issued by banks do not have the function of directly transferring money to others.
Extended data:
There are two kinds of money in a credit card:
1. Credit line funds: Credit line refers to the maximum overdraft limit given to your credit card by the bank when approving your credit card. You can only spend by swiping your card within this limit. If you exceed this limit, spending by swiping your card is impermanent. The credit limit is based on the comprehensive evaluation of the information filled in when you apply for a credit card and the relevant supporting documents provided. The main card and the supplementary card enjoy the same credit limit. Under normal circumstances, the RMB limit and the US dollar limit of dual-currency credit cards are interchangeable. For example, your limit is 30,000 RMB. If you use a card abroad, your credit limit is equivalent to about 5,000 US dollars.
2. Overpayment: refers to the overpaid funds paid by credit card customers or the funds deposited in credit card accounts, and a certain fee is required to take out the overpaid funds. This money can increase the limit of available credit cards, or be directly used for consumer repayment. If the credit card has overpayment, the overpayment shall be deducted first, and then the credit line shall be deducted. If the overpayment is greater than the consumption amount, there will be no overdraft. Overpayment is interest-free. In fact, banks do not encourage cardholders to recharge their credit cards, because credit cards use the mode of spending first and then repaying. Therefore, the bank stipulates that a certain handling fee should be charged for the overpayment. At the same time, the handling fee for cash withdrawal of credit card overpayment varies from bank to bank.
Third, the misunderstanding of credit card use: (Examples are for reference only)
1. Q: I can borrow money by credit card. My income is very low, so applying for a credit card helps me a lot.
A: No, the target customers of bank credit cards are high-end income groups. As can be seen from the above characteristics, credit cards are more convenient than saving money. Not only do you have to pay an annual fee to use a credit card, but once you miss the repayment time, the penalty interest is very high.
2. Q: Credit cards have a minimum repayment amount, so when I borrow a lot of money and still can't pay it back, I just need to pay the minimum repayment amount.
A: Wrong. The minimum repayment amount is only the minimum amount of the bank, but you need to pay interest. Credit card interest is calculated by the day, and it is rolling interest, which is higher than ordinary loan interest.
It is necessary to distinguish between installment payment and minimum monthly repayment. The annual interest rate of installment payment or commercial loan is about 5%, and the special goods will be lower. Only the minimum amount, annual interest 18% or more.
Q: I don't remember how much money I borrowed this month. Let's give it a number. Even if it is not enough, it is only a small difference, and the interest will not be much.
A: Wrong. If you don't pay in full in the final repayment period, even if you are only a penny short, the bank will recover all the interest in the "interest-free period". For example, the 5th of each month is the final repayment date. On the 6th of last month, you borrowed 10000, and on the last repayment date, you only paid back 9,990. Then, on the next final repayment date, you have to pay one month's interest 10000 yuan-about 150 yuan, and you still owe 65438 yuan.
Can I transfer money by credit card?
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. 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 transfer
Credit cards are transferable and can usually be divided into two categories:
1, overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to the savings card of the same bank in my name, and it is not free, and you need to charge a certain handling fee, generally ranging from 0.5% to 3%.
2. Direct transfer by credit card is actually equivalent to cash advance. Users can withdraw cash through a credit card, then deposit the cash into a debit card and transfer money. This kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, the daily transfer amount of interest.
Can I transfer money by credit card?
First of all, in the latest credit card policy, credit cards can be transferred to bank cards. There are two forms of transfer: 1. Bank credit card transfer, and you can transfer credit card funds to the bank's savings card. The handling fee is about 1%, and the interest is calculated on the transfer day, with a daily interest rate of 0.05% and an annualized interest rate of about 18%. At present, basically all banks can do this, but the interest rate is relatively high. 2. You can recharge the credit card to the payment account and then withdraw it to the savings card. This function can only be completed by the payment company. Alipay's credit card recharge function has stopped, and Lu Shoucai, who cooperates with Yi Bei pay, can still do it. The handling fee is about 0.5%, and there is no interest. The disadvantage is that the daily quota is only 30,000 ~ Bank of Communications is not supported.
And cash out. There are various forms of cash withdrawal, and the rates range from 0.5% to 1%. However, there is a risk that funds will be frozen and the amount will be reduced, so it is not recommended.
Credit card is a tool for overdraft consumption, spending money first, and then paying back the money, but there are always some people who like to do the opposite and put their money in credit cards. Some people like to save before spending, while others just pay more to prevent themselves from paying less.
Putting money into a credit card is a credit card overpayment. No matter how much you deposit, there is no interest on overpayment by credit card. The so-called "interest-free overdraft and interest-free deposit" is a major feature of credit cards. Then, since there is no benefit in putting money in a credit card, it is better to take it out and deposit it in a savings card to earn interest, or invest in Yu 'ebao to earn income. But, wait! It's easy to save money by credit card, but difficult to withdraw money!
Withdrawing credit card deposits is called overpayment recovery. At present, most banks will charge a handling fee for credit card overpayment recovery transactions, which is generally 0.5%-3% of the recovery amount. Look, when my little hands shake, I save more money. Not only is there no income, but it will also be skinned by the bank. So, is there any way to get it back for free?
Brother Ka suggested that if you put more money into your credit card, you might as well do this:
1, spending by credit card skillfully
Not only do you brush yourself, but you can also help others brush until you run out of these quotas. You can also accumulate good personal credit and points for yourself, which can kill two birds with one stone.
2. Clever use of the card-free policy
Not all banks have to charge fees, and more and more banks have joined the camp to get back part of the free handling fee.
At present, some banks have cancelled the handling fee for recovering the overpaid part. After discovering overpayment, card friends can first check the charging standard for their own withdrawal and overpayment. Six banks, including Huaxia, Beijing and Ningbo, do not charge fees, while banks such as Bank of China, China Construction Bank, ICBC, Agricultural Bank of China, Bank of Communications, Minsheng and China Everbright are free locally.
The standards of all banks are not updated regularly. It is suggested that card friends call the bank customer service at any time to confirm whether the overpayment is free, which is convenient and quick.
Even if the bank charges, it can withdraw cash skillfully without spending money according to the special regulations of some cards. For example, the YOUNG card of China Merchants Bank is free to withdraw cash for the first time every month.
How to transfer money by credit card? That's enough introduction.