A credit card just like an ATM in appearance but the functions are different. You will learn how to transfer money from any credit card to your bank account online.
An ATM is issued by your bank on the basis of your bank account, but to get a credit card, it is not necessary to have a bank account.
You can spend or withdraw money by ATM which is parked in your bank account and it is the limit of your ATM.
Credit cards are preset with a limit according to your income and this limit is allotted to your credit card as a loan.
Unless you do not use this limit you will not be charged with any interest on your credit card.
Now, you have learnt what the credit card is?
Let us talk about how to transfer money from any credit card to your bank account online.
There may be many reasons to transfer money from credit cards to your bank account.
Some of them are listed below:
I would like to mention here that you should use your credit card in only emergency.
When no other source of funds is available, in that situation credit card are beneficial to use.
Do not make habit to transfer the funds from regularly from your credit card.
It may be dangerous for you and you can fall prey to debt.
Come to the point and learn how to transfer money from any credit card to your bank account online.
As most of you are aware about these available methods.
Let us learn how to transfer money from any credit card to your bank account online.
Credit cards are basically use to pay online and at POS for goods and services.
To meet some extreme funds requirements you can transfer money also.
Following ways are used to transfer money from credit cards to bank accounts:
It is another way to transfer the money from credit card to your bank account.
It is little costly and charge a fees between 3.5 tp 4.5%.
Daliy limit of transfer is ₹5000 in most cases and monthly limit is around ₹45000.
Daily limit can be enhanced up to ₹100000/.
Register on the app and fill necessary details to complete the transfer.
This is also an option to transfer the money from credit card to bank account.
It also has the same procedure as PayTm and PayZapp.
Download the app and register.
Fill in required details and complete your procedure of transferring the money.
There are other apps which provide this facility.
Other than these apps, there are couple of websites which allows you to transfer money.
Nobroker.in, paymatrix.in, razopay.com, and card expert.in etc. are the website where you can pay rent.
You can use these websites to transfer the money from credit cards to bank account.
I use nobroker.in and this website charges are very less around 1.5% including GST.
The money is transferred instantly to your bank account.
Paymatrix.in takes more than 48 hours to complete the transaction.
If you want detailed article how to transfer money, please let me know by comments.
I will definitely write a detailed article on this subject.
Transferring money from credit card to bank account must exercise with care.
There may be chances of link failure and your funds transferring process may be long.
You can fulfill your emergency or urgent need of money by this means.
Do not be habitual of this way of transferring money.
Prevent yourself from overspending.
Fees or fund transferring charges involved in it.
Use your credit card only in emergency to transfer the funds.
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