Bank transfers credit cards

Bank transfers credit cards

The use of borrowed funds on consumer buying is very common, but the situation may be different. Often it becomes necessary monetary transaction directly with the credit card. For example:


the amount of the credit limit for the desired purchase enough or debit card lacks quite a bit of funds to pay. In these cases, it may help to transfer money from credit card to debit;

maturity on the "credit card" debt due to expire, and urgently needs to pay the full amount of the loan, and there is no money available. In this situation, there is a transfer from credit card to credit card of another bank;

an urgent need to make a money transfer and money on a debit card is not present. There may earn a credit card, and others.

Is it possible to bank transfers credit cards to another credit card?

Yes, but not all banks engage in the provision of this service to its customers. There is a risk of the customer lending on other banking products. That is, the borrower pays the debt on one credit card with the help of money transfer on the other, and then vice versa, etc. It may be more leverage for borrowers and reduce the rate of timely payments on loans.

Bank transfers of funds from a credit card: how to do?

"Bridge" loan funds from a credit card, you can do one of the following methods:
1. Use an ATM. To do this you will need:
insert the card into the ATM and enter PIN code;
go to the "Services" section and the "Operations", select the "Transfer funds";
enter the recipient's card number or provide additional details (corr. account, BIC, VAT number of the receiving bank), if you transfer money to an account at another bank.
indicate the amount of payment, and its purpose;
confirm sending payment via a PIN code or text messages.

2. Through online banking, if the institution provides this service. To do this:
log in to online banking system and go to "My Account" section;
select the card from which you want to transfer;
go to the section "All services" or "Operation" and select "Transfer funds";
specify the recipient's account number, amount of transfer and, if necessary, other details;
confirm payment provided by your bank way.

3. Use an online service to transfer funds from one card to another. For example, this is a well-known site service Unistream money transactions. To make a transfer by using this service, you must:
click "Online translations" and then select "Send money from card Mastercard without registration" on the home page;
specify the details of the sender and the recipient (name, contact number, etc.);
indicate the transfer amount and the currency of issue of money and press "Continue";
enter card details, which will be made payment (number, owner's name, date of expiry of the credit card, the CVC-code) and click the "Pay";
confirm the payment via SMS.

Bank transfers from credit card on salary: how to do?

The procedure for the transfer of credit on your card for payment not be easy and does not require special client time consuming. Most banks allow the use of online banking, borrowers have round the clock access to their money and can quickly dispose of them.

It should be noted that generally for such financial transaction the bank usually does not charge a commission. So, to make a money transfer to the credit card on the salary card you need:
sign in or, if necessary, enroll in online banking your lender;
go to "My Account" and select "Transfer between my accounts";
specify the amount of the transfer and confirm the payment via SMS confirmation.