Can credit cards be transferred to debit cards?

Credit cards can be transferred to debit cards. Funds can be transferred to any bank’s UnionPay card at designated bank ATMs in designated cities. , or go directly to the bank counter to operate. Currently, most banks also support online transfers. If you want to withdraw excess money from your credit card, you can only transfer it to a bank savings card under your own name, and it is not free. A certain handling fee is required, usually 0.5-3.

Currently, when using a credit card to withdraw cash overdraft, the daily limit is 2,000 yuan, and the handling fee is 1% of the cash withdrawal amount, with a minimum charge of 10 yuan. In addition to the procedures, interest of 0.5% of the cash withdrawal amount will be charged every day, which is also a considerable fee.

Although you can transfer money by credit card, we would like to remind you that there are many disadvantages to using credit card transfer, such as:

1. High cost of cash withdrawal: Not only do you have to pay handling fees for cash withdrawal by credit card , and cannot enjoy the interest-free period for normal consumption. Interest will be calculated at 50,000 per day from the day the cash is withdrawn into your account until the balance is paid off.

2. Full repayment is required at the time of repayment: cash withdrawal is different from overdraft consumption. Full repayment is required on the repayment date, and cannot be paid in installments or lower. If the user's own repayment ability is limited and he uses a credit card to withdraw large amounts of cash, it will inevitably cause difficulty in repayment.

The nature of credit cards and debit cards is different. Credit cards consume first and then repay, while debit cards deposit first and then consume. The sequence of deposits and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, while debit cards are used for deposits, transfers, and cash withdrawals. However, credit cards can also be used to transfer funds when necessary.

Credit card transfers are divided into two categories. One is overpayment transfer, that is, if you have extra money in your credit card and want to withdraw it, you can only transfer it to a bank savings card under your name, and it is not free and requires A certain handling fee is charged, usually 0.5-3.

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. This is another type of direct credit card transfer, which is equivalent to a cash advance. Although this method is convenient, it is not a long-term solution for users. Because the prerequisite for using this method to transfer money is that you must have a debit card from the bank and open one of telephone banking, online banking, and mobile banking. Moreover, in addition to handling fees, this type of transfer also charges interest. From the date of transfer, interest is calculated on 50,000% of the daily transfer amount. 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.

How to transfer credit card money to a debit card

Credit card money cannot be transferred directly to a debit card, it can only be withdrawn. You can withdraw the overpayment in your credit card to a savings card of the same name issued by the credit card issuer, or you can withdraw the available limit in your credit card to your own savings card. It should be noted that withdrawing the available limit in your credit card is equivalent to a cash advance. , need to pay interest and handling fees (optional).

There are two situations when you can withdraw money from a credit card to a debit card:

1. Cash advance withdrawal

Cash advance is one of the basic functions of a credit card. Cardholders do not need to apply to the bank in advance. They can directly insert the card at the ATM machine to withdraw cash, or choose to borrow cash in advance through the APP of the bank where the credit card is located, select your installment number, enter the cash withdrawal amount, and withdraw the amount to your bound account. For debit cards, the cash withdrawal limit is generally 50% of the credit card's available limit.

2. Withdrawal of overpayment

Overpayment is the money stored in the credit card by the cardholder. It can be withdrawn directly from the ATM machine, or transferred through online banking, mobile banking, etc. into your debit card. Please note that there will be a certain handling fee during the withdrawal process.

Extended information

1. How is interest calculated on gold?

1. From the day when cash is withdrawn, interest will be calculated at an interest rate of 0.05% every day until the cardholder pays off all the money, and compound interest will be calculated on a monthly basis.

2. The calculation formula is: cash withdrawal interest = total cash withdrawal × daily interest rate (0.05) × number of days for cash withdrawal. Suppose someone withdraws 1,000 yuan from his credit card and then returns it to the card 10 days later, the interest generated is: 1,000 × 0.05 × 10 = 5 yuan. After depositing money, the earlier you pay it off, the less interest you will pay.

3. Everyone needs to note that in addition to charging interest on a daily basis, a certain amount of handling fees are generally charged. However, different card-issuing banks have different withdrawal channels, and the withdrawal handling fee standards may also be different. different.

4. For example, China Construction Bank stipulates that domestic withdrawals through the bank or UnionPay network will be charged a handling fee of 1% of the withdrawal amount, with a minimum of 2 yuan and a maximum of 100 yuan (excess payment for local withdrawals by credit card is exempted) payment processing fee).

5. When withdrawing local currency overseas at bank acceptance outlets with the VISA or MasterCard logo, or at ATMs marked with the "PLUS" or "CIRRUS" logo, the handling fee will be charged at 3% of the cash withdrawal amount. The minimum fee is 3 US dollars (European travel card is 3 euros, and global payment cards are 18 yuan); if you withdraw cash from an ATM with the UnionPay logo, the handling fee is 1 of the cash withdrawal amount of 12 yuan, with a minimum of 14 yuan.

Can credit card money be transferred to a debit card? You can try these two methods

Many people think that since credit cards can be used for overdraft consumption and cash withdrawals for emergencies, they can definitely transfer the money to a debit card. In fact, the credit card itself does not have the transfer function, but it can be used to transfer funds indirectly by handling cash loan-related businesses. Let’s take a look below.

Many banks' credit cards can provide cash loan services. After successful application, the money in the credit card will be directly transferred to the debit card, including cash advance, cash installment, etc. The nature of different businesses is different. :

1. Cash advance:

This is actually the same as cash withdrawal, but it is handled through mobile banking APP or credit card online banking. As long as you meet the conditions, you can apply. After the bank approves the transfer, the money from the credit card will be transferred to the debit card, without the cardholder needing to make the transfer themselves.

It should be noted that after the cash advance is successfully processed, a transfer fee will be charged, which is generally 1% of the transfer amount, and interest will be calculated at a daily interest rate of 0.05% from the date of transfer. The amount and interest generated will be included in the minimum payment amount of the first bill, and full repayment is required.

2. Cash installment:

It can be divided into two situations, one is the installment within the credit limit, and the other is the installment with an exclusive quota. The difference is that the installment amount is different, and it needs to be paid to the customer. The bank submits an application and will transfer the money to the savings card only after it is approved. Unlike cash advances, you can enjoy the interest-free period, but you need to pay an installment fee, and the rate is around.

After successful application, it will be included in the bill of one period. Each period needs to repay a part of the principal and handling fee. In addition to repaying on time, you can also repay in advance, but there is no need, because the remaining balance of early repayment is The handling fee also needs to be paid off in one go, which is not cost-effective.

Summary: The above is the relevant introduction to "Can credit card money be transferred to a debit card?" In short, cardholders cannot manually transfer credit card money to a savings card, but they can apply for cash advance, cash installment and other credit card lending services, and the bank will transfer the credit card money to the personal savings card provided by the cardholder. of.

How to transfer credit card money to a debit card

Log in to the China Construction Bank APP (version 5.6.3.001) on the iPhone 13 i0S15.0 version, and bind the credit card and debit card You can directly transfer the money from your credit card to a debit card, but this transfer is equivalent to a credit card withdrawal, and the bank will charge a certain fee and interest. The credit card cash withdrawal fee is generally 1% of the cash withdrawal amount, and may vary from bank to bank. After withdrawal, interest will be charged on a daily basis, calculated as a daily interest rate of 0.5%.

A savings card is a financial transaction card issued by a bank to provide financial services to depositors. It is a type of debit card.

There are two types: magnetic stripe and chip. Its main function is to make deposits and withdrawals at networked ATM machines and bank counters, and to make purchases at networked POS.

Main functions:

The main function of the savings card is savings deposits. The cardholder can deposit money through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card. Functions such as card consumption, ATM cash withdrawals, transfers, and various types of payments are realized. Expenses paid through the card are equal to the reduction in the balance of the savings account. The account balance is zero and the card's payment function is reduced to zero. Applying for a debit card is very simple and does not require bank approval. Generally, it can be applied and withdrawn immediately.

Application conditions:

Go to any bank branch with your valid identity document. A current account must be opened first. The account balance must not be less than 10 yuan. Accounts that do not draw money based on seals. Accounts that are not reported lost or frozen, and the account status is normal.

Business scope:

Withdraw money, make inquiries, change passwords, etc. at nationwide networked savings ATMs. Make transfers and purchases on our city’s POS terminals. Deposit and withdraw funds at nationwide networked savings banks and make deposits at ATMs (specific time will be notified later).

Savings ATM business:

Savings ATM (AUTOMATICTELLERMACHINE) is a service method and tool provided by savings for depositors. It is also a self-service bank for depositors to achieve self-service; it is a modern The culmination of communication technology, computer technology and banking services, it can provide depositors with functions such as deposits, withdrawals, account inquiries and personal password changes.

Savings POS business: It is a consumer service tool provided by savings to promote the realization of electronic money, reduce cash circulation, and reduce the labor intensity of merchants. In shopping malls, hotels, entertainment venues, public service venues, etc. that already have POS terminals on the bank card network, debit card users can use their accounts to make purchases without using cash. There are no restrictions on user consumption and payment amounts, and they are exempt from fees. Handling fee. But the account cannot be overdrawn. In addition, Savings has also launched a mobile phone bill payment service and a phone wallet payment service. Payment is easy and flexible. It is more convenient to pay bills anytime and anywhere 24 hours a day.

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 full amount 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.

This ends the introduction on how to transfer funds from a credit card to a debit card and how to transfer funds to a bank card using a credit card. Have you found the information you need?