How to transfer the credit card money to the savings card
The credit card money cannot be directly transferred to the savings card, but can only be withdrawn. You can withdraw the overpayment from the credit card to the savings card of the same name handled by the credit card issuing bank, or withdraw the available credit card to your own savings card. It should be noted that the withdrawal of the available credit card is equivalent to the advance cash, which requires interest and handling fee (contingent).
There are two situations in which credit card cash is withdrawn to a savings card:
1. Withdrawing cash in advance
Cash in advance is one of the basic functions of a credit card. Cardholders can directly insert a card into an ATM machine to withdraw cash, or select cash in advance through the APP of the bank where the credit card is located, select your installment number, enter the withdrawal amount, and withdraw the amount to your bound savings card. The withdrawal amount is generally a credit card.
2. Overpayment cash withdrawal
Overpayment refers to the money in the cardholder's credit card, which can be directly withdrawn from the ATM or transferred to your savings card through online banking or mobile banking. Please note that there will be a certain handling fee in the withdrawal process.
extended information
1. How does the interest accrue on the gold?
1. From the day when the cash is withdrawn, interest will be charged at the rate of .5 ‰ every day until the cardholder pays it off in full, and the interest will be compounded monthly.
2. The formula is: withdrawal interest = total withdrawal cash × daily interest rate (.5%)× withdrawal days. Suppose someone withdraws 1 yuan from his credit card and then returns it to the card 1 days later, the interest generated is: 1×.5%×1=5 yuan. Therefore, the sooner you pay off the gold, the less interest you have to pay.
3. It should be noted that apart from collecting interest on a daily basis, gold generally charges a certain amount of handling fees, but the standard of handling fees for cash withdrawal may be different with different card issuing banks and different channels.
4. For example, China Construction Bank stipulates that a handling fee of 1% of the withdrawal amount will be charged for domestic withdrawals through the Bank or UnionPay network, with the lowest in 2 yuan and the highest in 1 yuan (the withdrawal fee will be exempted for local withdrawals of credit cards).
5. The handling fee will be charged at 3% of the cash withdrawal amount, with a minimum of $3 (Euro3 for European tourist cards and 18 yuan RMB for global payment cards), when withdrawing local currency at overseas banking outlets marked with VISA or MasterCard, and at ATMs marked with "PLUS" or "CIRRUS"; However, if you withdraw cash from an ATM with UnionPay logo, the handling fee will be charged at 1% of the cash withdrawal amount in 12 yuan, with the lowest 14 yuan.
Can the money in a credit card be transferred to a savings card?
The money in a credit card cannot be withdrawn by transferring it to a savings card and then used flexibly. If you want to withdraw cash, you can only apply for the cash installment business of credit card, so that you can transfer the money to the savings card under your name, but the cash installment can only be used for consumption, and you need to provide the same amount of consumption vouchers.
Cash installment of credit card is a method of installment in which the cardholder applies, or the issuing bank invites the cardholder to apply, to convert the credit limit in the cardholder's credit card into cash, or to make a separate appropriation without the credit limit, and then transfer it to the cardholder's designated debit card (the bank or another bank) account, and the cardholder will return it according to the specified number of installments.
At present, not all banks only have cash installment business. Banks such as ICBC, China Construction Bank, Shanghai Pudong Development Bank and China Everbright Bank support cash installment business. Before using this function, you should consult your own card-issuing bank about whether it has this business.
installment fees are charged for cash installment. Usually, the number of installments can be selected as 3, 6, 9, 12, 18, 24, etc. The cash installment fees for credit cards are charged at a rate not lower than 5% higher than the benchmark interest rate of loans of the same grade at the same period of the People's Bank of China.
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