How to Send Money from Credit Card to Bank Account (Easy Guide)

Yes, you can send money from a credit card to a bank account, but it depends on your bank’s policies and the method you choose. Most banks allow credit card to bank transfers through cash advances, online banking, or third-party apps. However, these transfers often come with fees and high interest rates.

If you need to transfer money from your credit card to a bank account instantly, here’s what you should know:

• Best ways to transfer money from credit card to bank account (step-by-step guide).
• How to avoid high fees and extra charges.
• Instant transfer options for SBI, HDFC, ICICI, and Axis Bank.
• Best apps for quick credit card to bank transfers.
• Alternatives if you need emergency cash.

 

Understanding the costs, risks, and fastest methods can help you save money and transfer funds safely. Let’s explore the best options.

Can You Transfer Money from a Credit Card to a Bank Account? (Step-by-Step Guide)

Yes, you can transfer money from your credit card to your bank account, and there are multiple ways to do it. Some of the most common methods include:

1. Bank Transfer (Cash Advance Method) – Directly transfer money using your bank’s online services.
2. Third-Party Apps (Paytm, Google Pay, PayPal, Western Union, etc.) – Use digital wallets or money transfer services.
3. Balance Transfer Option – Transfer your credit card balance to a bank account at lower interest rates.

How to Transfer Money from a Credit Card to a Bank Account (Step-by-Step)

Method 1: Using Your Bank’s Online Services (Cash Advance Method)

Many banks allow direct transfers from a credit card to a bank account through net banking or mobile apps.

Step-by-Step Process:

1. Log in to your bank’s online banking or mobile app.
2. Navigate to the Credit Card Section and select “Transfer to Bank Account”.
3. Enter the amount you want to transfer.
4. Provide your bank account details (if not linked already).
5. Confirm the transaction and authorize the payment.

 

Method 2: Using Third-Party Apps (Paytm, Google Pay, PayPal, Western Union, etc.)

Many digital wallets and payment services allow you to load funds from your credit card and then withdraw them to your bank account.

Step-by-Step Process:

1. Open a third-party app (Paytm, Google Pay, or PayPal).
2. Link your credit card to the app.
3. Add money to the digital wallet using your credit card.
4. Transfer the wallet balance to your bank account.
5. Wait for the processing time (can be instant or take up to 48 hours).

 

Method 3: Balance Transfer Option

Some banks allow you to transfer your credit card balance to a bank account at a lower interest rate. This is useful for repaying high-interest credit card debt.

Step-by-Step Process:

1. Contact your credit card provider and ask about balance transfer options.
2. Apply for a balance transfer to your bank account.
3. Wait for approval and processing (usually takes 3-5 business days).

 

Quick Tip: If you’re looking for instant money transfer from credit card to bank account without high charges, consider using low-fee third-party apps or digital wallets.

How to Avoid High Fees When Transferring Money from a Credit Card

Want to transfer money without losing too much in fees? Here’s how to reduce costs:

• Use a third-party app – Some apps (like Paytm or Google Pay) may charge lower fees than a bank’s cash advance.
• Look for zero-fee wallet transfers – Some digital wallets allow fee-free transfers during promotions.
• Check your bank’s balance transfer options – Some banks offer low-interest balance transfers to bank accounts.
• Transfer small amounts – Some banks charge a percentage-based fee, so transferring a lower amount reduces charges.

Best Way to Transfer Money from a Credit Card to a Bank Account