Usually, credit cards are seen as a mode of payment for all types of transactions, against which you earn reward points and cashback. However, you can also transfer money from credit card to bank account.
You need to use a mobile wallet to transfer funds from a credit card to your bank account. For such transfers, you can either use the mobile wallet app or their official website.
Do note, direct transfer of funds from credit cards to bank accounts is not possible. First, you need to add money to your wallet using your credit card and then transfer the funds from your digital wallet to your bank account.
Remember the following points before you transfer money from credit card to bank account:
Money transfer credit cards, which are specifically for such purposes, are also available. With these, you can transfer the funds directly to your bank account. Some cards even charge a low or zero rate of interest for a specific period.
You may also seek other options than a direct credit card to bank transfer. Some credit cards offer you an interest-free ATM cash withdrawal facility. With Bajaj Finserv RBL Bank SuperCard, you don’t incur any interest if you repay the amount within 50 days.
Now that your query Can I transfer money from credit card to bank account has been solved, you can choose the facility that best suits your requirements and avail of funds in case of emergencies.
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