Credit card transfers can be made to bank cards, but not the same as debit card transfers. The essential difference between a credit card and a debit card is the order in which deposits and purchases are made. Credit cards are spent first and then repaid, while debit cards are deposited first and then consumed.
There are two main types of credit card transfers.
The first case is an overpayment transfer, which means that there is more money in the credit card and needs to be withdrawn. In this case, the overpayment can only be transferred to the peer savings card in my name, and a certain fee will be charged during the transfer process, which is generally 05%-3%.
Another scenario is a direct credit card transfer, which is similar to a cash advance. If you have a special need to transfer money but don't have the funds at your disposal, you can withdraw cash by credit card and deposit the cash into a debit card before making the transfer. However, this approach is only a stopgap measure and a very long-term solution. To transfer money using this method, you need to meet the following conditions: you must have a debit card from the same bank and open one of the **banking, online banking or mobile banking. In addition, direct credit card transfers charge interest in addition to a processing fee. From the date of transfer, interest will be calculated on 5/10,000 of the daily transfer amount. Generally speaking, the amount that can be transferred is 50% of the credit limit, and there is a daily limit, which is 2,000 yuan in most banks.
Although credit cards can be used to transfer money, there are some drawbacks to using a credit card to transfer money. First of all, the cost of cash withdrawal is high, in addition to paying the handling fee, you cannot enjoy the interest-free period of normal consumption, and the interest will be calculated daily from the day the cash withdrawal is credited. Secondly, you need to repay the loan in full at the time of repayment, and you cannot choose to repay it in installments or in parts. If the user has limited repayment ability and uses a credit card to withdraw a large amount of cash, it may lead to difficulty in repayment.
Therefore, all things considered, if a debit card is available, it is recommended to use a debit card to transfer money as much as possible, as the cost of using a credit card to transfer money is relatively high. Credit cards