💰 How to Send Money from Credit Card to Bank Account (2025 Guide)

🧭 Overview

Need urgent funds in your bank but only have a credit card balance? You can send money from your credit card to your bank account using official and third-party methods — but you must know the charges, limits, and tricks to save on fees.

This guide breaks it all down for you.

⚙️ 1. Methods to Transfer Money from Credit Card to Bank Account

🔹 A. Through Bank App or Net Banking

Banks like HDFC, SBI, ICICI, Axis, and Kotak allow balance transfers directly to a bank account.

Steps:

1. Log in to your credit card app or internet banking.
2. Choose Balance Transfer or Transfer to Bank Account.
3. Enter account details and amount.
4. Confirm with OTP.

✅ Best for: Large transfers with lower promotional interest rates.

🔹 B. Via Third-Party Apps (Paytm, Mobikwik, Freecharge)

Wallet apps let you add money using your credit card, then send it to your bank.

Steps:

1. Add funds to your wallet using your credit card.
2. Select Transfer to Bank.
3. Pay the small service charge (usually 2–3%).

⚠️ Note: Avoid using this often — it counts as a cash-like transaction and attracts extra interest.

🔹 C. Using UPI with Rupay Credit Cards

Since 2023, Rupay credit cards can be linked to UPI apps like BHIM, Paytm, and PhonePe.

Steps:

1. Open your UPI app → Add Rupay Credit Card.
2. Enter the UPI ID or bank details of the receiver.
3. Authorize and send.

✅ Best for: Small instant transfers, no wallet needed.

💸 2. Charges & Interest Rates

Type	Processing Fee	Monthly Interest	Remarks
Balance Transfer	1–2%	1–2%	Lower via bank offers
Wallet Transfer	2–3%	3–3.5%	Via Paytm/Mobikwik
Cash Advance	2.5–3%	3.5–4%	No interest-free days

💡 Tip: Check if your bank offers 0% balance transfer for 3–6 months — the safest option.

🧮 3. Example Calculation

Let’s say you transfer ₹10,000 using a third-party app (3% fee, 3.5% monthly interest):

₹10,000 + ₹300 (fee) + ₹350 (interest) = ₹10,650 total in one month

Use our Credit Card Interest Calculator to see your real-time cost before you transfer.

💡 4. Pro Tips to Avoid Extra Costs

• ✅ Always prefer official bank balance transfer offers.
• 💳 Pay your full due before the next billing cycle.
• 🚫 Avoid frequent wallet transfers — they can hurt your CIBIL score.
• 🔍 Compare offers across banks before choosing.

📦 5. FAQs

Q1. Can I transfer money to any bank account?

Yes, through official bank or verified apps.

Q2. Is it safe to send via Paytm?

Yes, but service fees apply.

Q3. Can Visa or Mastercard credit cards use UPI?

Currently, only Rupay Credit Cards support UPI-based transfers.

�� Conclusion

Sending money from your credit card to your bank account is simple — but costly if done wrong. Always compare charges, prefer balance transfer offers, and clear dues early to avoid heavy interest.

👉 Try our Credit Card to Bank Transfer Calculator on MiscCalc to check how much your transfer really costs in seconds!