Can I transfer excess money from my credit card?

Yes, the excess money in my credit card can be transferred through the issuing bank’s mobile banking, online banking, branch counters, ATM machines, and customer service Transfers through hotline and other channels generally need to be transferred into a savings account under your name opened at the card-issuing bank.

The temporary limit increase of credit cards does bring a lot of convenience to cardholders, but experts remind cardholders that the credit card limit is sufficient and they should act according to their ability and do not increase the credit card limit arbitrarily. First, beware of excessive consumption, which will cause repayment difficulties and increase the risk of default; second, you should also ask whether there is an interest-free period for your temporary limit to avoid paying unnecessary interest.

Some people mistakenly believe that interest-free credit cards can enjoy great discounts, but in fact they still need to pay a certain handling fee. In addition, late fees will be charged if credit card installment payments are overdue. Therefore, cardholders should repay the loan on time, otherwise not only the interest will not be waived, but also penalty interest will be imposed.

Credit card repayments must be paid in full, and a few dollars must not be underestimated. You must know that sometimes just because a few dollars are not paid off, a large amount of interest may arise. and late fees. At the same time, it will also mark a bad credit record on your personal credit. Therefore, cardholders should make regular monthly repayments in full.

When applying for a credit card, you must understand the usage rules of the credit card in detail. Each bank’s credit card rules are formulated by itself. Cardholders must not rely on words. Before applying for a card, you must carefully understand the usage rules of the credit card. , to avoid unreasonable increases in expenses.

The credit limit refers to the maximum overdraft limit that the bank gives your credit card when it approves your credit card. You can only use the card to make purchases within this limit. If you exceed this limit, you cannot use the card to make purchases.

The credit limit is determined based on a comprehensive evaluation based on the information you filled in when applying for a credit card and the relevant supporting documents provided. The principal card and supplementary card*** share the same limit. Under normal circumstances, the RMB limit and the US dollar limit in a dual-currency credit card can be converted to each other. For example, if your limit is 30,000 RMB, when you use the card overseas, your credit limit is approximately equivalent to 5 ,000 USD.

The credit limit will be adjusted regularly by the bank, but you can proactively provide relevant proof of financial resources to request adjustment of the credit limit. In addition, when you need a higher limit within a certain period of time when traveling abroad, moving to a new home, etc., you can request to increase the temporary credit limit.

Can a credit card be transferred to a bank card?

A credit card can be transferred directly to a bank card. When a user applies for a cash advance business, the credit card limit can be transferred directly to the savings card of a peer. . Cash advances are the same as credit card cash withdrawals, and you need to pay cash withdrawal fees and cash withdrawal interest. Therefore, credit card transfer to bank card is only suitable for short term.

Before transferring funds from a credit card to a bank card, the credit card must have a cash withdrawal limit. When the cash withdrawal limit is insufficient or used up, the user will not be able to make a cash advance.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on the Provisions on Credit Cards of the People's Republic of China and the Criminal Law of the People's Republic of China") refer to credit cards issued by commercial banks or other financial institutions. An electronic payment card with full or partial functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit.

The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Can I save money with a bank card?

1. You can save money, but credit cards are used for consumption, not settlement, so don’t use credit cards as savings cards.

2. Because credit cards are different from debit cards, there is no interest when you deposit money into a credit card, no matter how much or how long you deposit it.

3. Not only that, if you want to withdraw the money stored in it, most banks will also charge a handling fee for overpayment recovery.

4. The so-called overpayment refers to the funds that credit card users overpay when repaying or the funds stored in the credit card account. When withdrawing, a certain fee must be paid.

5. To put it simply, there is a deposit in the credit card that exceeds the amount of the bill that should be repaid, and you will be charged when you withdraw it.

Can I transfer money with a credit card? Can I deposit money with a credit card

Can I transfer money with a credit card? Can I deposit money with a credit card

Can I transfer money with a credit card

< p> Generally speaking, credit cards cannot transfer money directly. When we make bank transfers, we can only use the deposit balance in our debit card to transfer to other bank cards.

The credit limit in your credit card is a pre-loan limit and does not belong to your own funds, so you cannot directly transfer funds to others using your credit card. However, if the user must transfer funds through a credit card, this can also be achieved through the following methods.

Basically all credit cards have a cash advance function. Users can directly advance cash to their own bank cards through the credit card APP.

So if a user wants to transfer funds via credit card, he or she can directly advance cash to his or her debit card, and then use the debit card to transfer funds to other bank accounts to achieve credit card transfers.

When we transfer funds through the cash advance function of credit cards, we also need to pay attention to the following points:

1. When many banks advance cash, they can only withdraw the cash to and Therefore, it is best for users to prepare a debit card that goes with their credit card in advance.

2. There is no interest-free period for credit card cash advances. Starting from the day of the advance, users need to pay interest at a daily interest rate of 0.05%.

3. The maximum credit card cash advance limit is 50% of the total limit. If the remaining usable limit of the credit card is less than 50%, you can only withdraw the remaining limit.

Can I deposit money with a credit card?

Credit cards can deposit money. We can deposit our own funds into the credit card, but I do not recommend that everyone deposit money into the credit card.

Generally, the deposit in a credit card is called overpayment, which is the part that exceeds the credit limit of the credit card. Although this part can be withdrawn like a debit card deposit, there are the following problems compared with debit card deposits: Several differences:

1. The overpayment in a credit card will not be settled with deposit interest like a bank deposit;

2. Nowadays, when many banks withdraw the overpayment, It is processed as a credit card cash withdrawal. Although the user's cash withdrawal interest will not be charged, a cash withdrawal fee will be charged.

Through the above two points, we can also see that it is not cost-effective to deposit money in a credit card. Moreover, after we deposit money in a credit card, when we use the credit card for consumption later, we will also spend our own money first. Overpayment, the credit limit of the credit card will be consumed only after the overpayment is consumed.

In this way, it is no different from using a debit card for swiping purchases, and the consumption scenarios included in debit card consumption will also exceed those of credit card consumption.

Can I transfer money by credit card?

Yes

First of all, according to the latest credit card policy, credit cards can be transferred to bank cards. There are two forms of transfer:

1. Bank credit card transfer . You can transfer funds from your credit card to the bank's debit card.

The handling fee is about 1%, and interest is calculated on the day of transfer. The daily interest rate is 0.05%, and the annualized rate is about 18%. Currently, basically all banks can do this, but the interest rate is relatively high.

2. You can recharge credit card money to the payment account, and then withdraw cash to the debit card. This function can only be done by payment companies. Alipay’s credit card recharge function has been discontinued. Shou, who cooperates with Yijifu, Cailu can also do it, with a handling fee of about 0.5% and no interest. The disadvantage is that the daily limit is only 30,000 ~ Bank of Communications is not supported.

Can Bank of China credit cards be transferred?

Yes, Bank of China credit cards support transfers using the credit balance (overpayment). You can transfer funds through Bank of China mobile banking, online banking, and Bank of China ATMs. Balances can be transferred to other accounts or credit can be withdrawn over the counter.

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

Can the credit balance of Bank of China Personal Online Banking credit card be transferred across banks?

Bank of China personal online banking credit card credit balance transfer supports transfer types:

Intra-Bank transfer, active collection, inter-bank transfer, mobile phone number transfer, credit card repayment, credit card foreign exchange purchase repayment Transfer funds and balances.

The credit balance of the credit card (the funds re-deposited if the credit card is not overdrawn) can be transferred out; the amount deposited in the card for the current period, in addition to the return of the previous period's bill, will also be transferred before the current period's bill date. Can be transferred out. A trial calculation of the handling fee amount is displayed on the transfer confirmation page (for charges and discounts, please contact the Bank of China credit card customer service hotline 4006695566).

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

This concludes the introduction on whether credit card balances can be transferred and whether funds can be transferred to credit cards. Did you find the information you need?