In this video I have shown you that how to transfer money From Credit card to Bank Account 100% free No service charges no transaction fee
you have to go to google play store and download two app
OXIGENWALLET & PHONEPE
and then you have to add money into your Oxigen wallet and transfer this money to a prepaid Visa card
and after this you have to load this money of phonepe wallet from
prepaid visa card
And then You able to transfer your money into your bank Account
If you don’t have a money transfer credit card, you might still be able to use your current credit card to put cash in your bank account, but this is something we strongly discourage as it can lead to huge amounts of debt and high penalty fees.
Depending on how you view it, credit card companies generally do not like people using their cards to withdraw cash or to use a credit card as a cash item (they might like it though as they stand to make lots of money out of the customer!).
In order to discourage this credit card providers put up high penalty fees for doing so at the point of transaction and charge you daily interest from the moment it happens until it is fully paid back.
For example, if you were to use a credit card to withdraw cash from a cash machine so you could put that cash into your bank account, you would usually be charged a fee of around £3 to £4 even if the cash machine you were using said it was ‘free’.
The APR on your credit card would then kick in from the moment you took the money out and will be charged daily until you pay it all back in full.
Similarly, this same process of penalties and interests might apply if you decided to use your credit card to pay for things that could later be used as cash. For example, paying off an overdraft bill would count in this way as you could in theory later use that money as cash.
Quite a common mistake people make is using a credit card to pay for gambling chips or any kind of gaming tokens that can later be converted into cash.
So if you do want to transfer money from your credit card to your debit card, do it with a money transfer credit card to avoid paying excess interest and penalty fees.
Money transfer cards are similar to balance transfer credit cards, which allow you to pay off debts from other credit cards at 0% interest – but a money transfer credit card allows you to transfer money to a bank account, whereas a balance transfer card does not.
When comparing money transfer credit cards you will likely come across credit cards that also allow you to carry out a balance transfer. However, when using either of these functions on your credit card you should expect to pay a fee on a percentage of the money you are planning to transfer.
Most balance transfer credit cards have a fee of around 1% to 4% of the money being transferred – the longer the 0% balance transfer deal, the higher the fee will probably be, and vice versa. Meanwhile, money transfer credit cards generally charge higher, with an average fee of around 4% regardless of the length of the 0% deal.
The way these cards work is they will give you a length of time to repay the money at 0% interest in exchange for paying the balance transfer or money transfer fee. It can often work out cheaper than if you are repaying a debt yourself on your current interest rate, especially if your debts are on your bank account.
Similarly, it can be cheaper than taking out a loan to buy something you wouldn’t normally be able to buy with a credit card, like a car for example.
you have to go to google play store and download two app
OXIGENWALLET & PHONEPE
and then you have to add money into your Oxigen wallet and transfer this money to a prepaid Visa card
and after this you have to load this money of phonepe wallet from
prepaid visa card
And then You able to transfer your money into your bank Account
If you don’t have a money transfer credit card, you might still be able to use your current credit card to put cash in your bank account, but this is something we strongly discourage as it can lead to huge amounts of debt and high penalty fees.
Depending on how you view it, credit card companies generally do not like people using their cards to withdraw cash or to use a credit card as a cash item (they might like it though as they stand to make lots of money out of the customer!).
In order to discourage this credit card providers put up high penalty fees for doing so at the point of transaction and charge you daily interest from the moment it happens until it is fully paid back.
For example, if you were to use a credit card to withdraw cash from a cash machine so you could put that cash into your bank account, you would usually be charged a fee of around £3 to £4 even if the cash machine you were using said it was ‘free’.
The APR on your credit card would then kick in from the moment you took the money out and will be charged daily until you pay it all back in full.
Similarly, this same process of penalties and interests might apply if you decided to use your credit card to pay for things that could later be used as cash. For example, paying off an overdraft bill would count in this way as you could in theory later use that money as cash.
Quite a common mistake people make is using a credit card to pay for gambling chips or any kind of gaming tokens that can later be converted into cash.
So if you do want to transfer money from your credit card to your debit card, do it with a money transfer credit card to avoid paying excess interest and penalty fees.
Money transfer cards are similar to balance transfer credit cards, which allow you to pay off debts from other credit cards at 0% interest – but a money transfer credit card allows you to transfer money to a bank account, whereas a balance transfer card does not.
When comparing money transfer credit cards you will likely come across credit cards that also allow you to carry out a balance transfer. However, when using either of these functions on your credit card you should expect to pay a fee on a percentage of the money you are planning to transfer.
Most balance transfer credit cards have a fee of around 1% to 4% of the money being transferred – the longer the 0% balance transfer deal, the higher the fee will probably be, and vice versa. Meanwhile, money transfer credit cards generally charge higher, with an average fee of around 4% regardless of the length of the 0% deal.
The way these cards work is they will give you a length of time to repay the money at 0% interest in exchange for paying the balance transfer or money transfer fee. It can often work out cheaper than if you are repaying a debt yourself on your current interest rate, especially if your debts are on your bank account.
Similarly, it can be cheaper than taking out a loan to buy something you wouldn’t normally be able to buy with a credit card, like a car for example.
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