Many people think that since credit cards can be used to overdraw consumption, they can also withdraw cash for emergencies, and of course, they can also transfer the money inside to savings cards. In fact, the credit card itself does not have the transfer function, but it can be indirectly transferred by handling cash loan related business. Let's have a look.

Many banks' credit cards can provide cash loans. After successful processing, the money in the credit card is directly transferred to the savings card, including cash advance and cash installment. The nature of different businesses is different:

1. Cash in advance:

This is actually the same as cash withdrawal, but it is handled through mobile banking APP or credit card online banking. Anyone who meets the requirements can apply. After the bank checks, the money in the credit card will be transferred to the savings card without the cardholder's own operation. Transfer money.

It should be noted that after the cash advance is successfully processed, the transfer fee will be charged, which is generally 65438+ 0% of the transfer amount, and the interest will be calculated at the rate of five ten thousandths per day from the date of transfer. The total amount of transfer and the interest generated will be included in the minimum repayment amount of the first bill, which needs to be repaid in full.

2. Cash installment:

It can be divided into two situations, one is the installment within the credit line, and the other is the installment of the exclusive line. The difference is that the installment amount is different and you need to apply to the bank. After the approval, you can transfer the money to the savings card. Unlike cash in advance, you can enjoy the interest-free period, but you need to pay the installment fee, and the rate is around.

After successfully handling the bills, it is necessary to repay part of the principal and handling fee in each period. In addition to timely repayment, you can also repay in advance, but it is not necessary, because the remaining handling fee for prepayment also needs to be paid off at one time, which is very uneconomical.

Summary: The above is "Can credit card money be transferred to savings card?" . In short, the cardholder can't manually transfer the credit card money to the savings card, but the bank can transfer the credit card money to the personal savings card provided by the cardholder by handling credit card lending business such as cash advance and cash installment.

How to transfer the credit card money to the bank card?

Credit card money can be transferred to the bank card in the following ways:

1. Users log in to online banking or credit card APP, select credit card for cash withdrawal, then select the cash advance option, fill in the receiving bank, and transfer the credit card amount to the bank card;

2. Users can insert credit cards and savings cards into ATM machines, take out money and deposit it in the savings card;

3. Users can also go to bank outlets to find staff to handle withdrawal and transfer business.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.

Can I transfer a credit card to a savings card?

can

First of all, in the latest credit card policy, credit cards can be transferred to bank cards, and there are two forms of card transfer:

1. Bank credit card transfer. You can transfer the credit card funds to the bank's savings card. The handling fee is about 1%, and the interest is calculated on the transfer day, with a daily interest rate of 0.05% and an annualized interest rate of about 18%. At present, basically all banks can do this, but the interest rate is relatively high.

2. You can recharge the credit card to the payment account and then withdraw it to the savings card. This function can only be completed by the payment company. Alipay's credit card recharge function has stopped, and Lu Shoucai, who cooperates with Yi Bei pay, can still do it. The handling fee is about 0.5%, and there is no interest. The disadvantage is that the daily quota is only 30,000 ~ Bank of Communications is not supported.

Can I transfer a credit card to a savings card?

Credit cards can be transferred to savings cards, and funds can be transferred to UnionPay cards of any bank at designated bank ATMs in designated cities, or directly to bank counters. At present, most banks also support online transfer. If you want to withdraw more cash from your credit card, you can only transfer it to a peer savings card in my name, and it's not free. You need to charge a certain handling fee, usually 0.5%-3%.

At present, the daily limit of credit card overdraft withdrawal is 2000 yuan, and the handling fee is charged at 1% of the withdrawal amount, with the minimum charge of 10 yuan. In addition to the formalities, you have to charge interest of 0.5% of the cash withdrawal amount every day, which is also a big expense.

Although you can transfer money by credit card, I want to remind you that there are many disadvantages in transferring money by credit card, such as:

1, the withdrawal cost is high: credit card withdrawal not only requires a handling fee, but also does not enjoy the interest-free period of normal consumption. Interest shall be calculated at 0.5 ‰ per day from the date of cash withdrawal, until the arrears are paid off.

2. Require full repayment when repaying: Cash withdrawal is different from overdraft consumption, and full repayment is required on the repayment date, and repayment cannot be made in installments or at a low price. If the user's repayment ability is limited and a large amount of cash is withdrawn by credit card, it is bound to be difficult to repay.

The essence of credit card is different from debit card. Credit cards are paid first, and debit cards are paid first. The order of deposit and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, debit cards are used for deposit, transfer and cash withdrawal, but credit cards can also be used for transfer when there are special needs.

There are two types of credit card transfers. One is overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to your own peer savings card, and it is not free, and you need to charge a certain handling fee, usually 0.5%-3%.

If the user has no disposable funds, but must transfer money, he can withdraw cash through a credit card, then deposit the cash in a debit card and transfer money. That's another kind of credit card direct transfer, which is equivalent to cash advance. Although this method is convenient, it is not a long-term solution for users. Because the premise of using this method to transfer money is that you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. Moreover, this kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, the daily transfer amount of five ten thousandths of interest. Moreover, the general transferable amount is 50% of the credit line, and there is an upper limit every day. Most banks pay 2000 yuan a day.

Can I transfer a credit card to a bank card?

The essence of credit card is different from debit card. Credit cards are paid first, and debit cards are paid first. The order of deposit and consumption directly determines the nature of credit cards and debit cards. Therefore, credit cards are mainly used for consumption, debit cards are used for deposit, transfer and cash withdrawal, but credit cards can also be used for transfer when there are special needs.

There are two types of credit card transfers. One is overpayment transfer, that is, if you want to withdraw more money from your credit card, you can only transfer it to your own peer savings card, and it is not free, and you need to charge a certain handling fee, usually 0.5%-3%.

If the user has no disposable funds, but must transfer money, he can withdraw cash through a credit card, then deposit the cash in a debit card and transfer money. That's another kind of credit card direct transfer, which is equivalent to cash advance. Although this method is convenient, it is not a long-term solution for users. Because the premise of using this method to transfer money is that you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. Moreover, this kind of transfer, in addition to the handling fee, also charges interest, from the date of transfer, the daily transfer amount of five ten thousandths of interest. Moreover, the general transferable amount is 50% of the credit line, and there is an upper limit every day. Most banks pay 2000 yuan a day.

Take the current situation as an example. At present, the daily cash withdrawal limit is 2000 yuan, and the handling fee is charged at 1% of the cash withdrawal amount, with a minimum charge of 10 yuan. In addition to the formalities, you have to charge interest of 0.5% of the cash withdrawal amount every day, which is also a big expense.

Can the money in the credit card be transferred to the savings card?

Credit card money can't be withdrawn by debit card, and then it can be used flexibly. If you want to withdraw cash, you can only handle the cash installment business of credit card, so you can transfer the money to your own savings card, but the cash installment can only be used for consumption, and you need to provide the same amount of consumption vouchers.

Credit card cash installment is a installment method in which the cardholder applies, or the issuing bank invites the cardholder to apply, to convert the credit limit in the cardholder's credit card into cash, or to misappropriate it again if there is no credit limit, and then transfer the money to the debit card (bank or other bank) account designated by the cardholder, and the cardholder will return it according to the specified installment times.

At present, not all banks only have cash installment business. Banks such as ICBC, China Construction Bank, Shanghai Pudong Development Bank and China Everbright Bank support cash installment business. Before using this function, you should consult your card issuing bank in advance whether this service is available.

There is an installment fee for cash installment. Usually, the number of periods you can choose is 3, 6, 9, 12, 18, 24, etc. The credit card cash installment fee shall be charged by not less than 50% of the benchmark interest rate of loans of the same grade in the same period of the People's Bank of China.

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References:

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The introduction of credit card transfer and savings card ends here.