Transfer money from credit card to bank account easily

Bank mehowto.site reveals the procedures to transfer money from credit card to bank account, typically credit card is best for online uses throughout the digital payment on online stores or merchant platform, instead of very likely a type of Loan payment through credit card online,

Credit cardholders have distinct demands and purposes of using their credit card on desired online/offline payment platform, including point of sale transactions; If you are here for how to send money from credit card to bank account then I cordially welcome you for the same concern Credit card balance transfer

Transfer your credit card available balance to your bank account directly from here

Transfer money from credit card to bank account online

Most Bank provide their Net banking facility, mobile banking facility, but very likely, transfer credit card available balance in another bank account facility is not available, even in the same bank account also, what we get the facility with that Bank net banking or mobile banking facility that money can be transferred online to either same bank accounts or non-respective bank account,with the help of either UPI, imps , Neft or RTGS

But direct Credit card balance transfer to a bank account facility is very likely not available therefore credit cardholders have to use mostly 3rd party payment apps which make it possible to transfer money from credit card to bank account,

I have brought you a few digital payment gateway applications which help to transfer money from a credit card to a bank account, here the list of payment gateway applications that make it possible to transfer money from a credit card hassle-free

1. Paytm,
2. MoneyGram
3. Phonepe
4. Payzaap
5. Airtel payment bank app

How to transfer money from credit card to bank account through Paytm

Sending money from a credit card to a bank account through Paytm is an appropriate option if the KYC is already done, Paytm accept adding money to Paytm wallet from a Credit card also, after adding money to the wallet, Paytm permit that wallet balance to transfer in Bank accounts, but for this, beneficiary bank account number,IFSC Code or Mobile number is required

If you do not have a Paytm application then download it from the play store and make your Paytm KYC done, then, Launch the Paytm app and

1. Go to the Paytm wallet option, Type the amount in digits which you want from your credit card to transfer to another Bank accounts, and then click on Proceed,
2. Choose the adding money through Credit card, so then, enter the entire credit card number, enter the credit card expiry date and CVV code,
3. click on proceed, you will get an OTP on your registered mobile number in order to initiate the transaction if contactless payment facility is not required,

Money will be transferred from your credit card to your bank account within an expected time maximum is 24 hours, choosing Paytm is a good option for you because it levies zero payment initiation charges Now you know How to transfer money from a credit card to a bank account through Paytm

What are the charges for transferring money from Credit card to Bank account

In fact, the charges for transferring money from a credit card to a bank account depicts the Payment gateway applications you choose and also which Bank of credit card you have, charges concern subject to a transfer money limit, credit card, and through a 3rd party credit card transfer money processing charges

In fact, most of the Payment gateway applications are available in the market which let your credit card money transfer at zero nominal charges, better to check with that application, if that app may be beneficial for you or not, as they do clearly mention if there have been charges or not

before corona pandemic lockdown arrival ,they would levy 1% of total wallet reload amount charges including GST charges also ,but after lockdown charges were removed as I had noticed ,However I would like you check first with that particular application which you’d use to transfer money from credit card to bank account

Why in keeping with Available credit card Limit amount transfer to a Bank account is necessary?

All credit cardholders get a credit card with a certain pre-approved limit of amount, which is to use for expenses, if you spend all your credit card limit, it may be non-beneficial for you, because, there are higher chances to be your credit card over limit

in case of credit card is over limit then Bank levy over-limit charges plus interest charges and GST charges on interest amount as well, your one mistakes make you bear the higher penalty, in fact, over-limit charges applicable 3.49% of the total OVL amount approximately, so you may consider how worse it is to use credit card limit in improper ways

Use Phonepe to add the amount from a credit card to transfer amount in a bank account

Phonepe app has the facility of transferring credit card balance to a bank account but again the instructions for you is to follow that Phone wallet money transfer to a bank account is not suitable for every credit card holder if they might not be using Phonepe, it is because only Phonepe KYC done users can avail this facility, moreover, without KYC, it provides the bill payment, Payment for shopping on merchant outlets, mobile recharge facilities, etc, so it’d better get your Phonepe KYC done and transfer money from credit card to bank account easily using the below steps

1. Launch Phonepe application and you are logged in Now
2. Click on the option Bank balance
3. Choose the Phonepe wallet Option
4. Enter the amount which you want to debit from your credit card available limit
5. Choose the Debit from the Credit card option
6. Enter the entire number of your credit card
7. Put the expiry date of your credit card
8. Enter the card CVV number
9. Click on Topup wallet to add the money from your credit card

Now you can transfer that Phonepe wallet balance to your primary bank account easily ,

Airtel payment bank app which lets you add money through a Credit card

Airtel payment bank can be availed through the Airtel thanks app to make you transfer money from credit card to bank account, all Airtel users who have a credit card then they can use this app to complete it, regardless of whether you have made KYC or not, after adding money to Airtel payment bank wallet, that wallet balance can be transferred to a bank account, please use the following below process from adding process to transfer money,

Open your Airtel thanks mobile app and then Click on Banking option ,choose the Balance add option ,so that you can use your credit card to add the money to airtel wallet ,

Now enter the credit card details like Credit card number, cardholder name ,expiry date and cvv code to initiate the transaction

Click on Pay Now to add the complete the process successfully, after then Go to the BANK option, Click on the Pay money option,

Now keep the Beneficiary bank account number,ifsc code,and mobile number to transfer money from credit card to bank account

Now click on SEND NOW option, once you do it, your Airtel wallet balance will be transferred to your bank accounts, Similarly, other payment gateways such as PAYZAP, Moneygram, etc you can use for this purpose,

hope you found this article helpful if you have a question related to Credit card balance transfer to a bank account, then, feel free to ask, a comment section is available for you