How can I transfer money from credit card to a bank account?

can I transfer money from my credit card into my bank account

  • Answer:

    Yes. It is much easier if you have the credit card with the same bank as your checking or savings account. You can go online and select transfer. You will see your credit card balance and your savings or checking account balance. You just select the credit card, enter the amount you want and the transfer the funds. If you don't have an online account you can call the bank and do the transfer over the phone or physically go into the branch. If the card and the checking account are at two different institutions, check with you credit card company to see if they can do the transaction over the phone.

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Other answers

you can - but it is not necessarily a good idea. that would be classified as a cash advance; and those are in the high rent district.

TheLightWorks

Thanks! that was very helpful

agnetha

Thanks!

agnetha

Thanks!

agnetha

thankyou very much

agnetha

You may be able to, but I can guarantee you do not want to. The cash advance interest rate on credits cards are almost as bad as the defualt rates. If you need to, see if you can get one of those "check" offers from your account, but read the terms very carefully.

Schelli

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