Can the money in the bank card be transferred to a credit card?
It can be transferred, but it is not recommended because a handling fee will be charged when withdrawing it.
Take the overpayment fee of China Merchants Bank as an example:
When the amount deposited into the credit card exceeds all the outstanding balances in the account, the excess amount is called "overpayment" , will be automatically deducted from subsequent credit card purchases.
Cardholders can also call our credit card service hotline to claim back the overpayment by transferring funds to their debit card. The account name and ID number of the debit card used must be consistent with that of the credit card. Overpayments in US dollars can only be claimed with the China Merchants Bank All-in-One Card.
How to get it back: Call the credit card service hotline, verify your identity, and press 9 to be transferred to a customer service specialist.
Overpayment recovery handling fee: 0.5 of the amount recovered, with a minimum of RMB 5 or US$1 and a maximum of RMB 50 or US$10.
Extended information:
Introduction to overpayment
Overpayment refers to the funds overpaid by credit card customers when repaying or the funds deposited in the credit card account , a certain amount of fees will be charged for withdrawing the excess payment. This amount can increase the available limit of your credit card or be used directly for consumption repayment.
If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft. No interest is accrued on overpayment.
Reference materials:
China Merchants Bank - Overpayment Refund
Baidu Encyclopedia - Overpayment
Can the money be transferred to a credit card?
Transfers can be made to credit cards. Transferring money to a credit card is equivalent to repaying 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.
Bank transfer settlement and units handling transfer settlement 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.
How to transfer money from bank card to credit card
WeChat, Alipay, and mobile banking can all be operated.
There are handling fees across banks and provinces.
Can I transfer money from a bank card to a credit card for repayment?
Can I use a bank card to transfer money to a credit card for repayment? If there is an unpaid balance on the credit card, transfer it to the credit card account. The money is equivalent to paying off a credit card.
In addition, you can also automatically repay credit cards by binding credit cards and bank cards, which can prevent users from overdue repayments. However, it should be noted that although automatic repayment is convenient, you must ensure that there are sufficient funds in the debit card associated with the credit card. Otherwise, the credit card will face full penalty interest.
Extended information
Free credit card repayment methods:
1. Cloud QuickPass
Use the "Cloud QuickPass" APP to make credit card payments Repayments and transfers are free.
In terms of credit card statement inquiry, 66 banks including Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank, China Everbright, CITIC, Shanghai Pudong Development Bank, Minsheng, Huaxia, Ping An, Guangfa, Industrial Bank, Bank of Beijing and Bank of Shanghai have been online. , together with functions such as credit card repayment, preferential entitlement inquiry, card application service, mobile QuickPass activation and other functions, it creates a convenient, fast, labor-saving and worry-free full-process credit card service for users.
2. Most card-issuing bank APPs
Repaying through China Merchants Bank APP and Palm Life APP also has three major advantages. First of all, compared with third-party platforms, repaying a credit card requires a process, and different banks have different arrival times. Using the China Merchants Bank APP or Palm Life APP to repay not only has zero handling fees, but can also be credited in 1 second. Secondly, these two major APPs not only support CMB credit card repayment, but also support credit card repayment from other banks with zero handling fee.
Finally, if you are worried about forgetting to repay and causing your credit card to become overdue, you can also use the scheduled repayment function, as long as you ensure that the debit card you debit has a corresponding balance before the repayment date.
People's Daily Online - Don't forget to sort out the "variety" of credit card bill repayment methods after the holidays
People's Daily Online - What other channels are free for credit card repayments
That’s it for the introduction of whether bank cards can be transferred to credit cards.