Is it possible to transfer money from a credit card: transfer features, all available methods

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Bank cards have long entered our lives, proving the convenience of cashless payments by their existence.

Along with debit cards, on which it is convenient to place your own funds so as not to carry large amounts of cash, and with salary cards, thanks to which you do not have to wait for the issuance of earned money through the cashier, as in the old days, credit cards are especially popular. cards.

Can I transfer money from a credit card to a payroll or debit card and vice versa? More on that later.

Ease of using a credit card

When issuing a new credit card at the bank, the teller informs the client that for his own convenience and saving money, it is better to pay for purchases in regular and online stores with such a card. It's simple, convenient and completely free (no additional interest or commission).

Ifa credit card belongs to popular systems such as Visa or MasterCard, its use is no different from a regular debit card.

Cash withdrawal is a paid procedure, at any ATM you will have to pay a certain percentage for the service, even if this terminal belongs to the bank that issued your card.

What if you need to use credit funds, but none of these options suits you?

Can I transfer money from a credit card?

There are situations when it is simply necessary to do this. For example, if you need to pay for someone's services, but there is no way to pay with a card. It would seem that everything is simple - Internet banking comes to the rescue, but not everything is as simple as with debit cards, credit cards do not always allow this possibility.

Your actions

To find out if you can transfer money from a credit card, you should first read the terms of the contract. Many banks allow this procedure.

As a rule, a transfer from a credit card is a paid service. Banks offer individual conditions, which must be indicated in the documentation. Often such a transfer is possible only after confirming the operation in the contact center by phone. Be sure to familiarize yourself with the cost of such a procedure, because the transfer may not be appropriate due to the high commission rate.

How to transfer money from a credit card

If your credit card represents the possibility of transferring from card to card, and the conditionssuch an operation seems acceptable to you, then it will not be difficult to perform such actions.

To do this, use the Internet bank, a special application on your smartphone or an ATM. Just log in to your personal account and complete the transaction, as is the case with a regular debit card. Select the menu item "Transfer to card", "Transfer to account" or another similar one (it all depends on the specific menu) and enter the card details of the payee.

Not easy, doesn't mean impossible

Representatives of some banks on the question of whether it is possible to transfer money from a credit card, answer in the negative. These include the most popular in Russia Sberbank. He owns the lion's share of credit and other cards in our country, he is the main creditor for the population of Russia. Is it really impossible to transfer from a Sberbank credit card to a regular one? Unfortunately, this is so. But there is a way out.

If you really need money, and the methods of using credit funds prescribed in the agreement do not provide for cash withdrawal from a credit card, you can do the following: use an electronic wallet or withdraw funds using a mobile phone.

Electronic wallets

Let's consider how to transfer money from a Sberbank credit card to another. For example, using any electronic wallet convenient for you as an intermediate transfer link. Of course, it will not be as convenient and fast as with a normal operation, but still it is possible.

• In Sberbank-online, on the "Payments and transfers" tab, in the transfer field there is an item "Transfer to a Yandex. Money account". By selecting it, you can easily perform the necessary operation.
• On the same tab, in the "Pay for purchases and services" field, the "Electronic money" item opens a page where you can also select "Yandex. Money" or, for example, Webmoney.
• You can also replenish an account of any electronic wallet from a credit card in the interface of the selected system. The same "Yandex. Money" or, let's say, "Qiwi Wallet" allows you to replenish your wallet by selecting the menu item with the appropriate inscription.

After the required amount has been transferred from the credit card to the electronic wallet, you can act on your own. If this money needs to be transferred to another bank card, then by selecting the "Withdraw" item in the menu, indicate the card number or full details of the bank account and withdraw. Just don't forget to check the withdrawal fees in advance.

Mobile phone

You can also use a mobile phone in the same way. Replenish it with a credit card for the required amount, and then withdraw the funds by making a money transfer to any bank card using the appropriate service on the website of the telecom operator. Everything is quite simple, the receipt of funds most oftenhappens instantly or within a few minutes.

The operator's commission can be a decent amount, for example, 10% of the payment. In order to avoid unpleasant surprises in the form of a significant reduction in your funds during the transfer process, check the details of payments in advance! After all, after the transaction, no one will return the amount of the commission to you.

And, of course, each of these methods also works in the opposite direction. Can I transfer money to a credit card from e-wallets, from a mobile phone or from another bank card? Definitely yes. There is no problem with this.

If you need to top up your credit card, just enter its number and make a transfer. Do not forget that credit card transactions are much slower than with other cards. Normal instant balance changes, whether replenishment or payment for a product or service, can occur within a few hours in the case of a credit card. This fact must be taken into account when making transactions.