actually, credit cards can be used to transfer money, which is equivalent to cash advance (cash withdrawal), and funds can be transferred to the UnionPay card of any bank (not limited to my name) at the ATM. You can also transfer money to the one-card (debit card) of China Merchants Bank under your own name through online banking, mobile banking and telephone.
The handling fee and interest shall be charged according to the following standards:
1. Handling fee: the handling fee for cash advance in RMB in China is 1% of each cash withdrawal amount, and the minimum fee is RMB in 1 yuan; The handling fee for overseas cash advance is 3% of each cash withdrawal amount, and the minimum charge is USD 3 or 3 yuan RMB (American Express Card-Centurion Black Gold Card, American Express Card-Centurion Platinum Card is USD 5 or 3 yuan RMB). There is no inter-bank handling fee for cash advance.
2. Interest: advance cash is not entitled to interest-free repayment. From the date of cash withdrawal to the date of settlement, interest will be charged at the daily rate of .5 ‰, with compound interest on a monthly basis.
to sum up, credit cards can transfer money, and transfer is actually the cash advance function of credit cards. And the transfer fee and interest to be paid for credit card transfer are consistent with the cash borrowed in advance by credit card.
if you have any questions, please add enterprise QQ customer service 4825555 or WeChat to add public account "China Merchants Bank Credit Card Center" for detailed consultation.