Can others transfer money to my credit card?

Yes, as long as the other party’s account can be transferred, there will be no problem. Just tell the other party their credit card and let them transfer the credit card account number.

Credit cards can be used to transfer funds, but there are limit limits and the handling fees are not low.

Credit card transfers are divided into two categories, as follows:

1. Overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to your name. The peer savings card is not free and requires a certain handling fee, usually 0.5%-3%.

2. Direct credit card transfer is equivalent to a cash advance. If the user does not have funds at his disposal but needs to transfer money, he can withdraw cash through a credit card and then deposit the cash into a debit card before transferring money. In addition to handling fees, this type of transfer will also charge interest. From the date of transfer, interest will be calculated at a rate of 50,000% of the transfer amount every day. Moreover, the amount that can generally be transferred is 50% of the credit limit, and there is a daily upper limit. Most banks have a daily limit of 2,000 yuan.

Credit cards include broad and narrow definitions. In a broad sense, any specially designed card that can provide the cardholder with a credit certificate and allow the cardholder to shop, consume or enjoy specific services can be called a credit card. In a broad sense, credit cards include credit cards, quasi-credit cards, debit cards, savings cards, cash cards (ATM cards), check cards and charge cards;

In a narrow sense, credit cards are divided into credit cards. Debit and quasi-credit cards. Under normal circumstances, a credit card mainly refers to a "credit card", that is, a credit card that allows deposits first and consumption later, and allows small and good-faith overdrafts. It is also a credit certificate issued by commercial banks or credit card companies to consumers with qualified credit.

Main features

①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;

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②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and meet social needs.

Can I transfer money to a credit card through Bank of China online banking?

Yes. Please fill in the payee's name and payee's account correctly. However, Bank of China online banking does not currently support transfer transactions between passbook accounts and BOC series credit cards and Great Wall series credit cards.

The above content is for your reference, please refer to actual business regulations.

How to transfer money to your own credit card and how to deposit money with a credit card

1. ATM transfer steps: 1. Insert the bank card into the ATM machine and 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.

2. Steps for 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, and fill in the payee correctly. Information, click Submit and follow the prompts to complete the operation.

3. Counter transfer steps: Bring your bank card and ID card to the bank counter to deposit money.

Can I transfer money to a credit card?

Yes. However, there is no interest for depositing money into a credit card, and existing fees and interest will be charged. _So it is very uneconomical and not recommended to do this.

1. Ordinary bank cards can transfer money to credit cards

The main methods of transfer include: online banking, ATM machines, bank counters and third-party payment platforms. Although it is possible to transfer money to a credit card, there are restrictions. For credit card transfers, you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking.

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, just 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.

2. The use of depositing money in credit cards

Some cardholders think that by depositing more money in their credit card account, they can at least offset the minimum payment amount next month. In fact, due to the system settings, the excess deposit has already been deducted when the new bill amount is generated. What the cardholder needs to repay is the final bill amount, and the minimum repayment amount is made up of the final repayment amount. The amount is calculated, and this amount will not be deducted due to previous deposits.

For example, if the amount you owe last period was 2,300 yuan, and you deposited 3,000 yuan at one time, it would be a full 700 yuan more. If the new account amount in this period is 1,500 yuan, the bank system will first deduct 700 yuan, and the final bill amount will be 800 yuan, and the minimum repayment amount will be 80 yuan. Note that the extra 700 yuan you deposited in the previous period is not used to offset the minimum repayment amount of 80 yuan, but is directly deducted when you make a payment. If you want to maintain a good credit record, you must deposit 800 yuan again.

In this way, there is no need to pre-deposit on a credit card. It is better to link the savings card with automatic repayment. Moreover, credit card deposits do not accrue interest, and there is a handling fee for retrieving overpayments, so try not to transfer funds to your credit card.

3. It is not recommended to transfer money to a credit card

If it is a credit card repayment, just click on the credit card repayment and then link the savings card account. If it is not for repayment, If so, then there is no point in transferring the money to a credit card. It is recommended not to transfer money to a credit card unless it is for repayment, because there is no interest on overpayments. When you transfer money to a debit card, the money carries current or regular interest.

: The steps for online banking transfer to credit card are as follows:

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 Complete the login;

3. Select Transfer - Peer/Inter-bank Transfer, fill in the payee information correctly, click Submit and follow the prompts to complete the operation.

Can I transfer money to a credit card?

Transfers can be made to a credit card. Transferring money to a credit card is equivalent to paying off the credit card. If the current bill has been paid off, the money transferred to the card will become an overpayment. When using a credit card to make purchases, the system will deduct the overpayment first. After the overpayment is deducted, the available credit limit of the credit card will be deducted.

Transfer (transferaccounts) refers to a bank currency settlement method that does not use cash directly, but transfers money from the payment account to the receiving account through the bank to complete currency collection and payment. It gradually developed with the development of the banking industry. When the settlement amount is large and the distance is long, using transfer settlement can make it safer and faster. In modern society, the vast majority of commodity transactions and currency payments are conducted through transfer settlement.

On March 28, 2019, the requirement for transfers to arrive after 24 hours will be cancelled, and real-time arrival will be implemented.

There are many methods for transfer settlement, which can be mainly divided into two categories: intra-city settlement and long-distance settlement. Intra-city settlement includes check settlement, payment power of attorney settlement, intra-city collection and commitment settlement, collection without commitment settlement and limit check settlement, etc.; out-of-city settlement includes remote collection and commitment settlement, off-site entrusted collection settlement, exchange settlement, and credit settlement. Warranty settlement and limit settlement, etc.

Domestic commercial banks have successively opened their own mobile banking. For example, China Merchants Bank has launched a three-year free mobile banking transfer and remittance activity. Mobile banking contract customers who use the iPhone version, Android version, HTML web version of mobile banking or iPad banking to handle transfers and remittances between China Merchants Bank in the same city, different places between China Merchants Bank, inter-bank same city, and inter-bank long-distance transfers can enjoy the benefit of free transfer and remittance fees.

On February 25, 2016, the five banks, ICBC, ICBC, ICBC, China Construction Bank and Communications Bank, held a joint press conference on “Strengthening Account Management and Promoting Inclusive Finance”.

Handling fees are waived for domestic RMB transfers and remittances handled by customers through mobile banking, and handling fees are waived for domestic RMB online bank transfers and remittances of less than 5,000 yuan to reduce customer expenses.

Banks handling transfer settlements and units handling transfer settlements at banks should abide by the principles of clearing both money and goods, safeguarding the legitimate rights and interests of both payers and recipients, and not allowing banks to advance funds. In addition, transfer settlement should also comply with relevant national regulations.

This is the end of the introduction about transferring money to credit cards and whether there are risks in transferring money to credit cards. Did you find the information you need?