We see a lot of credit cards in our daily life, and most people use Alipay. Alipay can bind credit card consumption, but can credit cards be used to transfer money to Alipay? Binding consumption is possible, but transfer is not! Why is this? Let’s go down and see the answer.

Can credit cards be used to transfer money to Alipay?

Credit cards cannot be used to transfer money directly to Alipay accounts. This should be clear to everyone. The credit cards used now only have two functions: consumption and cash withdrawal, but no other functions. Alipay stopped credit card recharge in February 2012 at the request of the China Banking Regulatory Commission. Money in the credit card cannot be transferred to Alipay. Currently, it only supports balance, debit card express, debit card express (cartoon), and debit card online banking (not supported by wallets). , Yu’E Bao transfer.

Transferring funds from a credit card to Alipay is a credit card cash-out. This behavior is prohibited by banks. Cash-out refers to the act of the cardholder withdrawing funds from the credit limit of the credit card through abnormal procedures without paying the bank's cash withdrawal fee. In this way is not allowed and withdrawals can only be made through ATM or over the counter.

If a credit card is bound to Alipay, you can directly use the credit card to make purchases, which is equivalent to credit card swiping (multiple card swipes can waive the annual fee), and it is also for the convenience of paying back the credit card on Alipay. But cashing out is illegal, because the cost of withdrawing cash with a credit card is a bit high, so many people want to take advantage of the opportunity to cash out, but it is found that cashing out requires a credit report and is also illegal. This is an approach that is not worth the gain.