How to Transfer Money from Credit Card to Bank Account?

I knew that we can transfer money from debit card to bank account but the method of credit card to bank account transfer was all new to me. My friend asked me about it but I couldn’t answer it. He then asked someone else in front of me and that is when I learnt about the process. The best part I learnt is that it can be done both offline and online. Vinay Ji has mentioned the details quite nicely, still let me frame the answer for you more precisely.

How to add money to bank account from credit card?

Since there are both offline and online methods available to add money from your credit card to your bank account, let me share all the ways here.

Many people find offline methods easier than online methods and it's absolutely okay. If you want to add money from a credit card to a bank account offline, you can

1. Use cheques to transfer money from your credit card to your bank account. Use “Cheque to Self” providing the bank necessary details like bank number, amount and all. Then visit the nearest bank branch and deposit it there. You will get the money within a few working days

2. My friend used an ATM to do it. Use the ATM cash advance facility and withdraw the cash from the ATM. Deposit this money into your bank account and it's done.

3. If all these fail, just use NEFT or RTGS. You will need to collect a transaction form from your bank and fill it up with the necessary details like the amount, account number and more first. Then simply submit it to the bank officials and they will transfer the amount within a few days.

For the online purpose the best way is to use your net banking website. Suppose you have an SBI credit card. Here is what you can do

• Go to the net banking website of SBI or click on

• Login using your credentials

• Click on Benefits on the left-hand side

• Click on balance transfer

• Enter bank details, amount of money and more

• Click on confirm and it will get done.

You can also call on the SBI card helpline number which is

39 02 02 02 / 1860 180 1290 and get to know the process from them.

This process is similar for all banks so just visit your net banking portal and look for the option balance transfer. 

I hope the

ways to transfer money from credit card are clear to you now.

Since both offline and online methods are available, you can opt for any one of them. 

This is all I learnt about credit card to bank account transfer. 

Hi Rawal,

Credit cards tend to be our saviours especially when there is some unanticipated spending which occurs out of nowhere. So using the credit or the money from the credit card in our bank balance seems to be a life-saving tool. I know this because I have transferred the credit or money from my credit card into my bank account previously and I must tell you, it is a very easy task to understand

how to transfer money from credit card to bank account.

Money can be transferred from a credit card to a bank account in two ways. One being the offline way of transferring money and the other being the online way of transferring money. Both are easy ways and can be done quickly.

As we already know, offline transfer requires no internet connection. Although the offline process is longer, it serves the same purpose at the same charge. Offline transfer can be done in the following ways:

• ATM cash advance:

  Through this method, you can take out the credit card cash from the ATM and transfer it to the bank account by depositing it in the bank.

• Phone Call:

  This is the quickest way of transferring money from a credit card to a bank account. All you need to do is follow the steps ahead;

1. Call your credit card provider and raise a request for fund transfer

2. Double-check the amount requested for depositing in the bank account

3. Provide the necessary details like account number

4. Lastly, follow their instructions and finish the transaction.

• Cheques:

  You can send a cheque to yourself by writing ‘self’ as the name of the payee and deposit it  into the bank and transfer the money.

How to Transfer from Credit Card to Bank Account Via Online Mode:

There are many online ways to understand

how to transfer credit card balance to bank account,

like;

• E-wallets:

  Through this you can directly transfer from your credit card to your bank account.

• Internet Banking:

  Through e-banking you can have the details of the credit card’s bank account and use it to transfer money to your bank account.

I hope my take on

how to transfer money from credit card to bank account was helpful to you.