Can I transfer excess money from my credit card?
Yes, the excess money in my credit card can be transferred through the issuing bank’s mobile banking, online banking, branch counters, ATM machines, and customer service Transfers through hotline and other channels generally need to be transferred into a savings account under your name opened at the card-issuing bank.
The temporary limit increase of credit cards does bring a lot of convenience to cardholders, but experts remind cardholders that the credit card limit is sufficient and they should act according to their ability and do not increase the credit card limit arbitrarily. First, beware of excessive consumption, which will cause repayment difficulties and increase the risk of default; second, you should also ask whether there is an interest-free period for your temporary limit to avoid paying unnecessary interest.
Some people mistakenly believe that interest-free credit cards can enjoy great discounts, but in fact they still need to pay a certain handling fee. In addition, late fees will be charged if credit card installment payments are overdue. Therefore, cardholders should repay the loan on time, otherwise not only the interest will not be waived, but also penalty interest will be imposed.
Credit card repayments must be paid in full, and you must not underestimate a few dollars. You must know that sometimes just because a few dollars are not paid off, a large amount of interest may arise. and late fees. At the same time, it will also mark a bad credit record on your personal credit. Therefore, cardholders should make regular monthly repayments in full.
When applying for a credit card, you must understand the usage rules of the credit card in detail. Each bank’s credit card rules are formulated by itself. Cardholders must not rely on words. Before applying for a card, you must carefully understand the usage rules of the credit card. , to avoid unreasonable increases in expenses.
The credit limit refers to the maximum overdraft limit that the bank gives your credit card when it approves your credit card. You can only use the card to make purchases within this limit. If you exceed this limit, you cannot use the card to make purchases.
The credit limit is determined based on a comprehensive evaluation based on the information you filled in when applying for a credit card and the relevant supporting documents provided. The principal card and supplementary card*** share the same limit. Under normal circumstances, the RMB limit and the USD limit in a dual-currency credit card can be converted to each other. For example, if your limit is 30,000 RMB, when you use the card overseas, your credit limit is approximately equivalent to 5 ,000 USD.
The credit limit will be adjusted regularly by the bank, but you can proactively provide relevant proof of financial resources to request adjustment of the credit limit. In addition, when you need a higher limit within a certain period of time when traveling abroad, moving to a new home, etc., you can request to increase the temporary credit limit.
How to withdraw the pre-deposited amount from Bank of China credit card
You can withdraw the credit through our bank's ATM or counter, or transfer the balance out through our bank's mobile banking, ATM, and online banking to other accounts. For specific charging standards, you can call customer service 4006695566 for detailed inquiries.
The above content is for your reference, please refer to actual business regulations.
How to withdraw the balance from the credit card?
It can be withdrawn in the following ways:
1. Cash transfer
Overpayments can be transferred directly to the person's name at the counter or at the prescribed self-service equipment. Download a bank card;
2. Consumption
Excess payment can be used directly for consumption;
3. Cash withdrawal
Most The card-issuing bank will treat cardholders' withdrawals from their own deposits as overdraft withdrawals and charge a certain fee.
Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. .
Interest is required for overdraft withdrawals, and interest is calculated from the day you withdraw cash. However, interest is not required for overdraft withdrawals, and you only need to pay part of the handling fee, which depends on the regulations of each bank. .
If there is a UnionPay logo on a credit card, it means that the card has joined the China UnionPay organization. Cardholders can withdraw cash at any ATM with the UnionPay logo.
Except for Hong Kong, Macao and Taiwan, there are many countries where the UnionPay system is not popular, so most overseas cash withdrawals need to go through the channels of international card organizations. This depends on whether the card you hold is an international card. It is easy to identify international cards by looking at whether there are logos of credit card organizations such as Visa or Master in addition to UnionPay.
The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit shall not exceed 50% of the cardholder's credit limit. The daily limit for ATM cash withdrawal per person and card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment.
Overpayment cash withdrawal is when the cardholder withdraws the funds stored in the card or the funds overpaid during repayment. Overpayment can automatically increase the available limit of the main card, but does not increase the available limit of the supplementary card. If there is a need to increase the available limit of an additional card, the cardholder should call the bank's telephone service hotline to apply.
Credit card cash withdrawals mainly include overdraft cash withdrawals and overdraft cash withdrawals. Overdraft cash withdrawals are small cash loans provided by banks to cardholders, which help cardholders flexibly allocate funds when they are in urgent need. .
Cash withdrawal of overpayment refers to the funds that credit card customers overpaid when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of the cardholder's credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
Can I withdraw the excess cash from my credit card?
Yes, there are two ways to transfer the overpayment on your credit card. One is to bring your card and ID card. Transfer the extra money from the card to your savings account at the bank at the business outlet counter or ATM machine; second, log in to the card-issuing bank's online banking or mobile banking, enter the "Credit Card" page, and find the "Cash Transfer" option to operate .
Application method
Application
In most cases, those who have full capacity for civil conduct (citizens over 18 years old in mainland China) have certain direct Citizens with limited financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.
Review
After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .
Card Issuance
After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.
Card opening
Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched.
The card opening process is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.
After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.
How to transfer the balance of a credit card?
To transfer money from a credit card to a bank card, you need to look at the following two situations to transfer the money, the situations are as follows:
1. When you have your own money in your credit card and the amount exceeds all the outstanding balances in the account, this money is called "overpayment" and can be used to offset subsequent credit card purchases or be transferred to other bank cards. However, a handling fee will be charged when transferring out. Taking the Agricultural Bank of China as an example, the handling fee is 1% of the amount withdrawn, with a minimum of 1 yuan per transaction;
2. You do not have any money deposited in your credit card. Now there is only a limit. At this time, the limit can only be converted into cash by applying for a "cash advance" and then withdrawn to your other bank cards. However, cash advance fees and interest will be charged. For example, Agricultural Bank of China, in this country For cash withdrawals, 1% of the transaction amount is charged as a handling fee, and interest is calculated on a daily basis, with a daily interest rate of 0.05%.
How to transfer credit card money to a debit card
Credit cards do not have a transfer function, but a debit card with the same name applied for at the credit card issuing bank can directly transfer the credit card money to the debit card. , but be aware that transferring money from a credit card to a debit card is equivalent to withdrawing cash from a credit card.
You can transfer money from your credit card to your debit card through the following three methods: 1. Online banking transfer. 1. Log in to the bank's official website and click Online Banking to log in; 2. Fill in the correct user name and password to complete the login; 3. Select Transfer - Peer/Inter-bank Transfer, fill in the payee information correctly, click Submit and enter the mobile phone verification code and dynamic password correctly. The operation can be completed.
2. Transfer via ATM machine. 1. Insert the bank card into the ATM machine, enter the password to log in; 2. Select transfer, enter the payee’s account number, and click OK; 3. Confirm the payee’s account number, enter the transfer amount, and click OK to complete.
3. Transfer over the counter. Just bring your ID card and bank card to the counter to transfer money.
Credit cards can only be transferred to debit cards of peers. Transfers to debit cards of peers are regarded as credit card cash advances. The bank will charge a handling fee of 1% of the transfer amount (minimum 10 yuan), and the transfer will be from From that day on, the bank will calculate compound interest at 50,000 per day. You can transfer funds to your counterpart's debit card through our bank's ATM machines or log in to credit card online banking. Log in to online banking and select the transfer function to transfer funds.