There are times when you urgently need money in your bank account, but your available limit is only on your credit card. While credit cards aren’t designed for direct transfers, there are still a few practical ways to make it happen.
Let’s go through each method step-by-step, so you can choose what works best for you.
Method 1: Using Wallet Apps
Apps like Paytm, Mobikwik, and Freecharge are the easiest way for most people.
Steps:
- Open the wallet app
- Go to “Add Money”
- Select Credit Card as payment method
- Enter the amount and complete payment
- Once money is added, go to “Transfer to Bank”
- Enter your bank account details (Account No. + IFSC)
- Confirm and transfer
Charges:
- Around 2%–3% fee on adding money
- Small transfer fee may apply
This method is Best for quick and smaller transactions.
Method 2: Net Banking
Banks like HDFC Bank, ICICI Bank, and Axis Bank offer this facility.
Steps:
- Login to your net banking account
- Go to Credit Card section
- Select “Cash Advance” or “Fund Transfer”
- Choose your linked bank account
- Enter the amount
- Confirm transaction using OTP
Charges:
- 2.5%–3.5% fee
- Interest starts immediately
Method 3: ATM Cash Withdrawal
This is the traditional way, but also the costliest.
Steps:
- Insert your credit card into ATM
- Enter your PIN
- Select Cash Withdrawal
- Enter amount and withdraw
- Deposit the cash into your bank account
Charges:
- Cash advance fee
- High interest from day one
Method 4: Payment App Workaround
Apps like PhonePe and Google Pay don’t directly allow this.
Steps (workaround):
- Use your credit card to pay a trusted person (if card option available)
- Ask them to transfer the same amount to your bank account via UPI or bank transfer
Important:
- Only do this with trusted people
- Not a secure method otherwise
Method 5: Third-Party Financial Services
Some platforms like Bajaj Finserv may offer options depending on eligibility.
Steps:
- Download or open the app
- Login and check credit-related services
- Choose fund transfer / loan against credit
- Enter your bank details
- Complete KYC and confirm transfer
Important:
- Check all charges before proceeding
- Use only trusted and RBI-approved apps
Things You Should Not Ignore
No matter which method you choose:
- There is no interest-free period
- Fees can increase your total repayment quickly
- Your credit score may be affected if misused
- Transfer limits are usually restricted
Final Thoughts
Transferring money from a credit card to a bank account is definitely possible—but it’s not cheap. Think of it as a backup option, not a regular habit.
If you do it:
- Pick the lowest-cost method
- Transfer only what you need
- Repay as early as possible
That’s the smart way to use your credit card without falling into a debt trap.