Send Money from Credit Card to Bank account Free: Have you know you can able to transfer money from credit card to your bank account. The credit card is the most powerful tool, which can give money whenever we are in a serious debt.so we have written few tips for using which you can able to transfer funds from credit card to bank account.
What we covered?
How to transfer money from credit card to bank account:
Terms You Must Know About
Credit Amount: The real liquid cash in the bank account when someone sends money to us just like salary credit, reward point credit etc.
Debit Amount: The normal transactions which we do regularly which eats away our earnings is the debit amount. We just hate it, isn’t it?
Billing Date: It is the date on which all the credits and debits on your credit card get onto paper and you will be liable to pay the debts in credit card bill.
Due Date: The worst part of using the Credit card is paying Credit Card Bill. How worst it can be, we must pay on or before this date to exempt from interest being laid on Bill. The banks will charge huge interest on it as well as penalty also based on the amount you are liable to pay.
How to transfer Money from Credit card to Bank Account using Paytm
- Sign up on Official Website of Paytm.com
- Click on Paytm Wallet
- Enter the amount to be added to the wallet
- Add money to your wallet by clicking on “Add Money to Wallet” and then complete the transaction. The amount gets added to your Paytm wallet
- Now again click on Paytm Wallet and check the options below. You will see “Send Money” tab. Click on it
- Click on “Try it now”(Install The App)
- Find the “Pay or Send” tab
- On this, you can have a lot of options like Scan QR to pay, Send Money to Mobile Number, Show Code to make payment, Send to bank and Payment Request like this
- All you need to do is find the “Send to the bank” tab
- Enter the requested details like Account Holder’s Name, Account Number, IFSC Code, Amount which is mandatory for sending money to the bank.
- Sit back, relax and check your account balance. Paytm will transfer the funds through IMPS. Hence you can see the credited balance instantly.
How to use Phone Pe App to Transfer Money from Credit Card to Bank Account with little to no charge:
Before you begin the actual process, you need to take few steps to do the Task in a Very secured way. Add that Specific Bank account to the Phone Pe and Verify it with for UPI Money Transfer. Only then you could receive money on your bank account without breaking any rules. So do perform this task and Start the Below Task:
- Open the Phone Pe App on your Mobile and Navigate to My Account Section from the dashboard
- Click on wallet option , then it will open a New Screen on the Mobile
- Here add the Money you want to receive on your bank Account
- In the below section, add your Credit Card Details and submit it
- Confirm the OTP to reflect the amount on the Phone Pe Wallet
- Now Once, the amount is added to the wallet, navigate to Withdrawal section in My Wallet Page
- You could check the Withdrawal amount at the Top of the Page and now Swipe the Wallet icon near to Bank icon
That’s it you need to do to Transfer the Amount from Credit card to Bank Account in a short instant of time
