Credit cards are mostly used to make direct payments, either online or by swiping the card at a store. However, there may be times when you need to pay in cash, which may result in higher fees if you use your credit card. As a result, in such cases, you have the option of transferring funds from your credit card to your bank account and then making the payment.
You can transfer money from your credit card to your bank account in a variety of ways. In most situations, you need to download a mobile banking application to transfer funds from your credit card to your bank account, which costs fees.
List of Top 5 Apps for Transferring Money from Credit Card to Bank Savings Account at The Lowest charges |
1. BharatNXT
BharatNXT is an Indian credit card payment app that handles your business payments by making B2B payments with your credit card easier. You can use your credit card to pay vendors, rent, salary, GST, utilities, and other business expenditures using the BharatNXT app.
The BharatNXT app allows you to transfer money from your credit card to your bank account for a very cheap charge. After completing your KYC, you can also use your new user rewards to waive the expenses.
2. Snapay
With one of the best of Digital Payments Services, Snapay provides Smart, Simple, and Secure payments, allowing you to break free from the constraints of cash or credit cards.
It offers you a variety of payment options for your utility, rent, and education bills.
To pay into your bank account, you will have the option of using credit cards, wallets, debit cards, netbanking, or UPI. Each option has its own set of fees and charges.
3. Cred
Every payment, including your house rent, is rewarded with CRED. You can now pay your rent with a credit card and enjoy fantastic offers and savings using the CRED app. Making rent payments using a credit card provides two benefits: you get an interest-free credit term on the rent and you earn CRED reward coins.
You can use your credit card to pay rent, college fees, utilities, and much more using the CRED app.
4. MobiKwik
MobiKwik app is the safest platform for transferring money from credit card to bank account with the least amount of fees. The fees range between 1% and 2.5%. To qualify for larger transfer limits, you must complete the KYC process.
Keep in mind to use your referral code to receive additional rewards on your first wallet-to-bank transfer.
5. Paytm
Paytm Wallet is a popular feature of the Paytm payments app. While Paytm UPI can be used for direct inter-bank money transfers, Paytm e-wallet improves consumers' digital payment experience. You can also transfer money from your Paytm wallet to another bank account for free. You can transfer money from the Paytm wallet to your own account or to a recipient's bank account, even if the receiver is not a Paytm customer.
Paytm also provides cashback on wallet loads made with a credit card. For all add money deals, go to the Cashback & Wallet area, then Wallet deals. You may then transfer funds from your paytm wallet to any bank account for free.
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