How to Transfer Money From Credit Card to Bank Account Without Any Charges? Transferring money from a credit card to a bank account can be a convenient way to access funds, but it can also come with significant fees. However, there are ways to make the transfer without incurring any charges.
- Using a mobile wallet app: Many mobile wallets apps like Paytm, PhonePe, and Google Pay allow users to transfer money from their credit card to their linked bank account without charges.
- Using a net banking facility: Many banks provide net banking facilities that allow customers to transfer money from their credit card to their bank account without any charges.
- Using a mobile banking app: Some banks have mobile banking apps that allow customers to transfer money from their credit card to their bank account without any charges.
- Using a credit card cheque: Some credit card companies allow customers to withdraw cash from their credit card account by issuing a cheque. This can be deposited in the customer’s bank account without any charges.
- Using a balance transfer facility: Some credit card companies allow customers to transfer the outstanding balance from one credit card to another without charges. This can be done from a credit card to a bank account.
- Using a virtual credit card: Some online wallets like Paytm and Freecharge offer a virtual credit card service, which can be linked to a bank account and used to make payments without incurring charges.
- Using a prepaid card: Some banks offer prepaid cards linked to a credit card, which can be used to withdraw cash and make payments without incurring any charges.
It is important to note that these methods may vary depending on the bank or credit card company, and some may have specific terms and conditions. It is advisable to check with the bank or credit card company for more information.
Finally, if none of these options work for you, you can always contact your credit card company to inquire about other ways to transfer money without incurring any charges. Many credit card companies may offer this service, and the representative can provide you with the proper steps to do so.
In conclusion, while some fees may be associated with transferring money from a credit card to a bank account, there are ways to do so without incurring any charges. Using a balance transfer credit card, taking out a cash advance, using an online money transfer service, using a peer-to-peer lending platform, or contacting your credit card company, you can access your funds without paying additional fees. Remember to research, compare the rates and fees, and choose the best option.