Leveraging Credit Card To Bank Account Transfers For Greater Control Over Your Finances

credit card

Credit cards can be helpful when you’re in a tight space and need money quickly. They provide convenient access to money during critical times and can also offer perks like rewards and cashback. Credit cards can be quite versatile, whether it’s a financial crisis or pursuing your aspirations. That’s why, nowadays, having a credit card isn’t merely a luxury; it’s essential.

Nevertheless, caution is required if you don’t know how to send money from credit card to bank account, as reckless use can lead to substantial debt. To avoid this scenario, the ideal approach is to use the credit card-to-bank transfer service. Although there may be service charges, it is the best option in emergencies. Here is how credit card-to-bank transfers work.

Ways to Transfer Money from Credit Cards to Bank Accounts?

Credit cards are a convenient means to pay for products and services and a vital resource for emergencies or urgent financial needs. Several methods exist to transfer funds from your credit card to your bank account. These include direct avenues like net banking, money transfer credit cards, and phone requests, or indirect options that involve using an e-wallet linked to your bank account. You can transfer funds from your credit card to your account using these approaches:

Net Banking

Access your credit card’s online banking portal to conduct a direct transfer. The costs of transferring money from a credit card to a bank account can vary based on the bank. The steps for this type of transfer involve the following:

● Visit your bank’s website.

● Log in to your credit card account.

● Select the transfer option.

● Indicate the desired transfer amount.

● Enter the beneficiary’s details as outlined in the form.

● Before moving forward, recheck the details and enter your password to transfer.

Indirect Transfer

Using services like Paytm and other e-wallet options like Free Charge and MobiKwik, this feature was mainly created to prevent keeping too much money in your e-wallet. However, it can also move funds from your credit card to your bank account. Here’s how you can do it:

● Sign up with Paytm.

● Transfer funds from your credit card to your Paytm wallet.

● Open the Paytm App and navigate to the ‘Passbook’ section.

● Choose the option titled ‘Send money to Bank.’

● Select the ‘Transfer’ choice.

● Fill in the necessary details, including the amount, account number, and IFSC code.

● Click the ‘Send’ button to transfer the money to your bank account.

Phone Call

If immediate online access isn’t available or you don’t know how to send money from a credit card to a bank account, you can transfer funds over the phone. The charges for transferring money to your bank account from a credit card via phone are typically consistent with those for net banking.

It’s essential to confirm the daily and monthly transfer limits with your bank to stay up-to-date. The process is rapid when transferring funds to an account within the same bank as your credit card. If you are looking for experienced Chartered Accountant in Delhi contact now. For transfers to accounts at other banks, the processing time might span two to three business days.

Transferring via Money Gram

MoneyGram offers a way to send money globally, including to over 400 banks worldwide. Here’s how you can do it:

● Choose the recipient and the country where the bank account is located. Make sure to provide the recipient’s full name. If you’re transferring to your account, provide your account details and full name.

● Opt for the ‘Account Deposit’ option on the screen and input the amount you want to transfer.

● When selecting the payment method, pick ‘Credit Card.’ You’ll see the exchange rate and associated fees on the screen if the transaction involves multiple currencies.

● You’ll need to provide personal information about yourself as the sender for verification purposes.

● Please enter the recipient’s bank account information, name, and other necessary details.

● Your money will be securely transferred to the recipient’s bank account.

Transferring via Western Union

This is also the best process if you don’t know how to transfer money from a credit card to a bank account. It is similar to Money Gram and involves these steps:

● Sign up for a free account with Western Union.

● Log in to your profile.

● Choose the recipient’s country and the amount you want to transfer and select the delivery method (in this case, bank account).

● Input the receiver’s bank account details.

● Complete the payment using your credit card.

● An email confirmation will be sent, including a tracking number called Money Transfer Control Number (MTCN).

● The money will be sent to the recipient’s account.

The amount, country, currency, local banking regulations, operating hours, and local timing influence direct bank transfers. The transfer duration can range from 1 to 5 business days to move money from your credit card to a bank account through Western Union.

Read: Primary Credit Card Holder Vs A Secondary Credit Card Holder


As you know how to transfer money from a credit card to a bank account, you can use it to pay car and housing, other credit card bill payment, and home loans. This option of transferring money to your bank account is very convenient. Despite the fees and limitations associated with this transfer process, taking out a personal loan or facing steep charges for cash withdrawals from your credit card account is preferable.

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