Credit cards are not transferable. Why?

You can't transfer money directly by credit card.

1. A credit card is a debit card. The overdraft limit in a credit card is a sum of money granted by the bank to encourage cardholders to spend by credit card. Transfer is not consumption, so it is not the basic function of credit card.

It is understood that the credit cards of ICBC, China Construction Bank, Agricultural Bank, China CITIC Bank and other banks can be transferred to their peers' savings cards, but they cannot be transferred across banks. Banks such as Bank of China, Bank of Communications, China Guangfa Bank, China Merchants Bank and Ping An Bank can transfer credit card overdrafts to peer savings cards, and support inter-bank transfer of credit card overdrafts. However, the inter-bank transfer fee for credit card overdraft is relatively high, and there are many restrictions when handling it.

2. Credit card transfer, like cash withdrawal, has a certain limit, and it also charges fees and interest; In addition, the overdraft transfer of credit cards needs to be handled through online banking or telephone banking, and cannot be completed at the bank counter or self-service equipment. Limit, handling fee and interest standard are the same as credit card withdrawal.

If the cardholder transfers money by credit card, the bank will charge five ten thousandths of interest every day, and a one-time handling fee of 1% will be charged according to the transfer amount. If the cardholder forgets to repay the loan, he will have to pay the overdue fine. The standard is 3% of the total overdue amount, and it is not lower than 30 yuan; If the cardholder prepays, he/she needs to pay the prepayment fee. The amount is 2% of the transfer principal, and the new functions enjoyed by credit card transfer are expensive.

Swiping a card on a POS machine is the most common way to use a credit card, and it is also a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's surname. Then, according to the issuing bank and the currency to be paid, select the corresponding POS machine, draw the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank, and input the corresponding amount.

After receiving the information of remote payment, POS will print a credit card payment receipt (at least two copies), and the cardholder will sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the complete name matching and the basic handwriting matching), the operator sends the credit card copy and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed.

Credit card transfer is possible, but there will be restrictions. According to the regulations of a bank, under normal circumstances, the daily cash withdrawal limit is 2,000 yuan, and the handling fee is charged at 1% of the cash withdrawal amount, with a minimum charge of 10 yuan. In addition to the formalities, interest of five ten thousandths of the cash withdrawal amount is charged every day.

For credit card transfer, you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. Cardholders must pay the bill and related expenses after transferring cash in advance. Charge five ten thousandths of interest every day, plus related handling fees.

Therefore, credit cards can transfer money, but there is a limit on the amount and the handling fee is not low. If you really need to transfer money, you can open online banking for credit cards. After the registration is successful, you can log in to the online bank of the credit card with your ID number, login password entered at the time of registration and the additional code prompted, so that the credit card transfer can be realized.

It is recommended not to transfer money by credit card, because it will generate many other expenses.

Disadvantages of using credit card to transfer money:

High cash withdrawal cost: credit card withdrawal not only requires handling fees, but also can not enjoy the interest-free period of normal consumption. Interest shall be calculated at 0.5 ‰ per day from the date of cash withdrawal, until the arrears are paid off.

Repayment requires full repayment: cash withdrawal is different from overdraft consumption, and it needs to be repaid in full on the repayment date, and cannot be repaid in installments or at a low price. If the user's repayment ability is limited and a large amount of cash is withdrawn by credit card, it is bound to be difficult to repay. .

There are two ways to transfer money from credit card to bank card:

1. If there is more money in the credit card, you can transfer the overpayment exceeding the credit card limit to the debit card of the same bank in your own name. A handling fee of 0.5%-3% is charged when transferring money, mostly 1%.

2. When the credit card has the cash withdrawal function and one of online banking, mobile banking and telephone banking is opened, you can transfer money to your debit card, but the maximum amount is only half of the credit card amount, and the daily amount is often only about 2,000 yuan. (If you can't find the transfer entrance in the above three ways, you can transfer money directly through ATM. )

Generally speaking, credit card transfer is not cost-effective.

First of all, there will be a handling fee of about 1% for credit card transfer, which usually starts from 10 yuan; Secondly, unlike direct consumption, which has an interest-free period, transfer is regarded as cash withdrawal, and interest is directly calculated at the daily interest rate of five ten thousandths from the date of transfer, with an annual interest rate of 18%.

The most important thing is that cash withdrawal and transfer cannot be made in installments, and they must all be paid off after the repayment date. Once overdue, in addition to the penalty interest, it will also affect personal credit information. In an era when credit is becoming more and more important, credit cards should be used reasonably. It can be used for consumption properly, but don't overdraw. Try not to use the cash withdrawal function, avoid dependence and pay more interest.

Can't I transfer money by credit card?

Credit cards cannot be transferred, even if they are bound to third-party payment. Credit cards can only be used for credit card consumption and online shopping; However, using credit card online shopping, many banks' credit cards will not generate points, but they will count the number of swipes.

Credit cards have no transfer function, but general savings cards do. In normal times, credit cards can be withdrawn, but this kind of withdrawal requires a certain cost, generally there are withdrawal fees and interest, and the cost paid by this kind of withdrawal cardholder is relatively high.

At present, many banks' credit cards have the function of withdrawing cash online. Users can withdraw money from their credit card to a savings card and then transfer money through the savings card. Withdrawing cash through the internet, like withdrawing cash, requires users to pay a certain cost.

The money in the credit card cannot be withdrawn to a third-party payment platform, such as Alipay; Even if the credit card is bound to Alipay, it cannot be withdrawn into Alipay. After the credit card is bound to Alipay, it can only be used for online shopping or code scanning payment. This is what everyone needs to pay attention to.

Why can't credit cards be transferred?

1, credit card can transfer money, but there will be restrictions. According to the regulations of a bank, at present, under normal circumstances, the daily withdrawal limit is 2,000 yuan, the handling fee is charged at 1% of the withdrawal amount, and the minimum income is 10 yuan. In addition to the formalities, interest of five ten thousandths of the withdrawal amount is charged every day.

2. For credit card transfer, you must have a debit card of the bank and open one of telephone banking, online banking and mobile banking. Cardholders must pay the bill and related expenses after transferring cash in advance. Charge five ten thousandths of interest every day, plus related handling fees.

Can I transfer money by credit card?

Credit card can't transfer money directly, because the main function of credit card is to overdraw consumption in advance. But if you want to transfer money by credit card, you can use the following methods: one is to overpay the transfer, and the other is to withdraw cash by credit card.

1, overpaid transfer.

Overpayment refers to the extra money you pay when you pay back your credit card. This money can be used to transfer money, but it can only be transferred to a peer's savings card, and there will be a certain handling fee.

2. Withdraw cash by credit card.

This is equivalent to borrowing cash in advance, and you can transfer the funds to the UnionPay card of any bank (not limited to your name) at the designated bank ATM in the designated city. This kind of transfer, not only charges a handling fee, but also charges interest, and from the date of transfer, the daily transfer amount bears interest. Moreover, the general transferable amount is 50% of the credit line, and there is an upper limit every day. Most banks pay 2000 yuan a day.

Extended data.

1. Overpayment transfer process.

1. First download the China Construction Bank APP on the mobile phone, and then select to open the China Construction Bank APP on the mobile phone;

2. Apply for the homepage of CCB and choose to open a credit card;

3. On the credit card page, select Open Cash Transfer;

4. On the cash transfer-out page, select the overpaid credit card;

5. In the interface of selecting overpayment credit card. Select Transfer-out to Savings Card, enter the transfer-out amount, and click Next;

5. After verifying that the SMS verification code is correct, you can complete the operation process of transferring the overpaid part to the savings card.

Operating environment:

Brand model: iPhone 13

System version: iOS 15.0

Application version: 5.6.3.00 1

2. Withdraw cash at the bank counter.

Users can take a credit card to the bank counter, make a clear withdrawal application to the bank staff, and then enter the login password with the help of the bank staff to withdraw cash.

Third, ATM cash withdrawal.

Put the credit card ATM into the ATM, enter the transaction password of the credit card, select cash withdrawal, then enter the cash withdrawal amount, and finally press OK.

Can I transfer money by credit card?

Credit cards cannot be directly transferred. The main function of credit card is overdraft, and it cannot be transferred directly. If you need to use a credit card to transfer money to a bank account, you can do so in the following ways:

1. Overpayment transfer: the cardholder pays more when paying off the credit card, and then this part of the money can be used for transfer, but it can only be transferred to the debit card of the same cardholder, and there will be a certain handling fee.

2. Cash withdrawal by credit card: Cardholders can take their ID cards, credit cards and debit cards to the bank outlets for cash withdrawal by credit card overdraft, but generally they have to charge a certain fee and interest for cash withdrawal.

Credit cards cannot be directly transferred. The main function of credit card is overdraft consumption. Although the credit card also has the function of withdrawing cash, the cardholder cannot directly use the credit card for overdraft transfer. If you want to transfer money by credit card, you can only transfer the extra money or withdraw it from the credit card, or apply to the bank for cash advance. Those who borrow cash in advance apply to the bank.

Please click to enter the picture description (maximum 18 words).

Credit cards can't be transferred, so tell me why.