How to transfer credit card money to bank card

If you want to transfer credit card money to a bank card under your name, customers can withdraw cash through the online banking/mobile banking client / In the credit card APP, select the credit card to which the limit is to be withdrawn, select the cash advance option, provide the receiving bank, and then transfer the credit card limit to the bank card.

Of course, customers can also bring their credit cards or debit cards directly to the branch to withdraw cash, insert the card into the ATM machine, withdraw the money and then deposit it into the bank card; or go directly to the counter to find a job Personnel handles cash withdrawal and transfer procedures. However, everyone needs to note that credit cards generally cannot transfer the entire credit limit to a bank card, because the credit card cash withdrawal limit is usually only 50% of the credit limit. In other words, customers can transfer up to half of their credit limit.

After withdrawing cash from a credit card, customers must remember to repay the money on time. If you fail to repay on time within the stipulated time and become overdue, your personal credit will be damaged and the credit limit may not be restored, which will also affect the subsequent use of the credit card.

How to transfer funds from a credit card to a bank card

1. Overpayment transfer

Overpayment transfer means that you have to withdraw excess money from your credit card. You can transfer money to a peer savings card under your name, and it is not free. A certain handling fee is required, usually 0.5%-3%.

2. Cash advance

Direct credit card transfer is equivalent to a cash advance. Funds can be transferred to any bank’s UnionPay card at designated bank ATMs in designated cities (not Only in my own name). The prerequisite for direct transfer using a credit card is that you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking. In addition to handling fees, this type of transfer will also charge interest. From the date of transfer, interest will be calculated at 50,000% of the daily transfer amount. Moreover, the amount that can generally be transferred is 50% of the credit card limit.

3. Cash installment transfer.

According to the credit limit and card usage record of the cardholder, 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. In terms of fees, there is no interest for cash installment, but there is a handling fee.

Notes on credit card transfers:

Usually credit cards have a fixed limit and a cash withdrawal limit, and the cash withdrawal limit is configured according to 50% of the credit card limit.

For credit card overdraft withdrawals, in addition to the cash withdrawal handling fee (0.5% of the cash withdrawal amount, at least 2 yuan), starting from the day of withdrawal, an interest of 0.05% of the cash amount will be charged every day. The maximum withdrawal limit for each card is 2,000 yuan, and the cumulative cash withdrawals shall not exceed half of the credit card limit.

When many banks provide cash advances, they can only withdraw the cash to the bank card that goes with the credit card, so it is best for users to prepare a debit card that goes with the user's credit card in advance.

There is no interest-free period for credit card cash advances. Users need to pay interest at a daily interest rate of 0.05% from the day of the advance. The maximum credit card cash advance amount is 50% of the total amount. If If the remaining usable limit of your credit card is less than 50%, you can only withdraw the remaining limit.

How to transfer money from a credit card to a bank card

To transfer money from a credit card to a bank card, you need to consider the following two situations. The situations are as follows:

< p>1. When the user's money is stored in the credit card and the amount exceeds all the outstanding balances in the account, this money is called overpayment, which can be used to offset subsequent credit card consumption, or can 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. There is no money deposited in the 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 other bank cards, but the cash advance Handling fees and interest will be charged. For example, Agricultural Bank of China charges 1% of the transaction amount as a handling fee for cash withdrawals at the bank. Interest is calculated on a daily basis, and the daily interest rate is 0.05%.

Notes on credit card transfers:

Usually credit cards have a fixed limit and a cash withdrawal limit, and the cash withdrawal limit is configured according to 50% of the credit card limit.

For credit card overdraft withdrawals, in addition to the cash withdrawal handling fee (0.5% of the cash withdrawal amount, at least 2 yuan), starting from the day of withdrawal, an interest of 0.05% of the cash amount will be charged every day. The maximum withdrawal limit for each card is 2,000 yuan, and the cumulative cash withdrawals shall not exceed half of the credit card limit.

When many banks provide cash advances, they can only withdraw the cash to the bank card that goes with the credit card, so it is best for users to prepare a debit card that goes with the user's credit card in advance.

There is no interest-free period for credit card cash advances. Users need to pay interest at a daily interest rate of 0.05% from the day of the advance. The maximum credit card cash advance amount is 50% of the total amount. If If the remaining usable limit of your credit card is less than 50%, you can only withdraw the remaining limit.

This ends the introduction on how to transfer credit card to bank card and how to transfer credit money to bank card. Have you found the information you need?