In today’s digital age, people do not make rounds of their relatives to ask for money, but in such a situation, their helpful credit card is made. The trend of credit card is slowly starting to happen in all the small towns and also in the villages. But it is not compulsory for people to have a credit card today. The more helpful it is for you to get a credit card, the more expensive it becomes. Because instead of using a credit card , you have to pay six types of charges.
Especially when you withdraw cash from a credit card , you have to pay a huge amount. The facility to withdraw cash from your credit card is provided by the bank but it is not for free. 2.5% charge is levied on the amount withdrawn with the help of credit card . In such a situation, people have very little information about how to withdraw money from credit card without paying any charge . That’s why we thought that why not discuss it in this post.
Also Read – Make Money Online
As I mentioned earlier, you have to pay a charge to withdraw money from the credit card. You should know that there is a fixed amount in the credit card which you have to use. If you have not used that much amount then you will have to pay Credit Card Fees. Suppose there is a credit card limit that you have to spend 2 lakh rupees in a month, then if you do a transaction of 2 lakhs per month with the credit card, then you will not have to pay its fees. But our today’s topic is how to withdraw money from credit card? (How to Withdraw Cash Using Credit Card?) . If you also want to know the answer to this question, then read this post completely.
Learn how to withdraw money with credit card
As we told you earlier, you can withdraw money with the help of credit card. But you will have to pay a lot for this. If you want to avoid this charge then you have to adopt some indirect methods instead of direct credit card withdrawal.
There are many such charges of credit card, such as delay in making payment of credit card, then you also have to pay interest on it which is very high. Sometimes we withdraw money more than the credit card limit. In this situation, we also charge overdraft charges. GST has to be paid on all transactions done with credit cards which are fully determined. Apart from all this, when we have to pay the fees to withdraw money from the credit card, then we feel a little bad.
That is why in today’s post we will tell you such ways to withdraw money from credit card in which you do not have to pay money.
How to withdraw cash from credit card ?
As you all know that credit card is for doing online transactions. We can do online shopping anytime and pay it with the help of credit card. If we are in any trouble, then after buying anything online, we can pay it later, this is the biggest advantage of credit card.
If we don’t have money and want to pay someone or send money somewhere? So we can not put money in our account with credit card, but today we will tell you some such tips by which you can pay anyone by transferring money from credit card to your account. Here we are telling some easy ways by which you can transfer money from credit card to bank without paying any charges .
Ways 1: Transfer money from credit card to Paytm wallet and transfer to bank
You all must have known Paytm very well. Paytm is a type of payment bank. In which the facility of wallet is also available. You can send money from your credit card to Paytm Wallet and withdraw those money by transferring it to Paytm Payment Bank.
Ways 2: Withdraw money from credit card by transacting at petrol pump
If you have a credit card and you need some cash i.e. 500 – 100 rupees. So you can go to any petrol pump near you and get cash from there. If the petrol pump does not give you such money, then after putting some oil in your car, you will request to get some extra case deducted from your credit card, then you can get money from there.
We have already told you that withdrawing cash from ATM with credit card is very expensive. 2.5% extra charge is deducted from our bank. That’s why whenever you need to withdraw money from your credit card, you can do it by visiting the pump. By which you will get money without any charge.
Ways 3: Withdraw money even by shopping online with credit card
If you ever need to withdraw money from a credit card, you can ask your friends and relatives over the phone if you want to do any online shopping? If any of your friend wants to shop online, then you can do online transaction with your credit card and you can have your friend get money deposited in your account.
I also keep adopting this trick, whenever I need cash, then I shop online for my friends, pay their bills with my credit card and take cash from my friend.
By doing this we can withdraw money from our credit card that too without any extra charge.
Ways 4: Withdraw money from credit card by transferring money from CRED
You can use the mobile application CRED to transfer money from credit card to your account. For this, you will not have to do any more process and you will be able to transfer money from credit card to your account within a few minutes.
Ways 5: Can You Withdraw Money From Credit Card Through Money Gram ?
With the help of MoneyGram app, you can transfer money from credit card to your account. It may take from 1 day to 5 days to transfer money through this application.
When you add money from credit card to Paytm Wallet, there is no extra charge to be paid. After that when you transfer those money to Paytm Payment Bank, then you will not have to pay extra charge. You can also transfer money from there to any bank account without any charges. In this way you can transfer money from credit card to bank without paying any charges.
Here Step by Step is explained how to transfer money from Credit Card to Paytm Wallet..
- First of all you have to open your Paytm app.
- After the app is opened, click on the Add Money option.
- Now how much money to add in Paytm Wallet. You enter. Now click on Add Money.
- Now from here you will be shown the details of debit card or credit card.
- After that you enter your credit card details and add money to your wallet.
- Once the money sent is added, you are back on the screen of your Paytm app.
- On the top of the screen you will see Money Transfer, select it.
- Now from here you will be asked where do you want to send money? So you have to click on To Bank. By doing this you will be asked for account number. Where you have to fill your account details.
- In this way your money will be transferred to your bank account.
- In this way you can withdraw money from credit card to your bank account through Paytm without paying any charge.
Final opinion on withdrawing money from credit card
Today in this post we told how to withdraw money from credit card without paying any charge . We hope that you have liked the tricks we have mentioned to withdraw money from credit card, and you can also avoid extra charges by adopting them. If you want more information related to this, then do let us know in the comments. If you like the information given by us, then do share it with your friends.