Credit cards are usually used for non-cash payments – purchasing goods or paying for services. But can you send money from them to yourself or other people? And if so, under what conditions? Let's talk about the specifics of transfers from credit cards, their "pitfalls" and nuances that everyone should know.
What operations can be carried out with a credit card?
Usually, the functionality of credit and debit cards is identical. It's just that in the first case, the cardholder uses the bank's money, and in the second, his own funds.
You can pay from your credit card account:
goods and services – including on the Internet;
fines, taxes, fees;
communication, home Internet, and so on.
You can pay off loans and credits with almost vietnam mobile database any credit card. And sometimes it is profitable - a bank client can save on interest on current payments due to the grace period. Of course, provided that it applies to balance transfer.
The rules for using credit and debit cards may differ even within the same bank. In particular, transferring money to other accounts may be considered a cash withdrawal, which involves high fees. Such transactions may also not be subject to the grace period provided for purchases and payments.
If you need to send money from a credit card to your own or other people's accounts, choose cards with a grace period for transfers. It is also desirable that the bank does not charge a commission for these operations and does not cut limits.
Pay attention to the credit card "DA!" with a grace period for transfers and withdrawals. You will be able to send money to any accounts and not pay interest for up to 56 days!