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Transfer money from credit card to bank account

Last post Sun, Sep 23 2012, 3:19 AM by maxsteam. 1 replies.
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  •  Sun, Sep 23 2012, 3:19 AM

    Re: Transfer money from credit card to bank account

    There will be charges.

    Credit cards are not for transfering money but they are for borrowing money. You can borrow cash on your credit card simply by walking into a bank, handing your card to a cashier and asking for a cash advance. The charges might be a 3% fee plus interest until you repay the debt. Unless there is a suitable promotion on your card, any "transfer" will count as a cash advance but you could probably do it over the phone if you didn't want to visit a branch.

    It is very easy to spend or get cash with a credit card. The hard task and the task that you need to plan for is paying off the debt that comes with choosing to use credit cards.

    • Post Points: 5
  •  Sun, Sep 23 2012, 12:32 AM

    Transfer money from credit card to bank account

    I have halifax AIO credit card and I need urgent money in my bank account. I am wondering how can I transfer money to my bank account without/little charges?

    • Post Points: 20