Credit Card to Bank Transfer

iamPrince

KF Expert
Hi guys,
I want to transfer around 50k from my CC to my Bank Account, what is the cheapest way to do that ?
I have checked with Mobikwik, Slice, Payzapp and Amazon pay, I am getting fees around 1k+ with Payzapp and Mobikwik being the highest and Amazon pay the lowest.
Any tips and tricks to do this ??
 

GURUWALKE

KF Expert
Hi guys,
I want to transfer around 50k from my CC to my Bank Account, what is the cheapest way to do that ?
I have checked with Mobikwik, Slice, Payzapp and Amazon pay, I am getting fees around 1k+ with Payzapp and Mobikwik being the highest and Amazon pay the lowest.
Any tips and tricks to do this ??
Which Credit Card do u Have
 
Hi guys,
I want to transfer around 50k from my CC to my Bank Account, what is the cheapest way to do that ?
I have checked with Mobikwik, Slice, Payzapp and Amazon pay, I am getting fees around 1k+ with Payzapp and Mobikwik being the highest and Amazon pay the lowest.
Any tips and tricks to do this ??
By using CBDC

To transfer Credit card money to a bank account through Central Bank Digital Currency (CBDC), follow these steps:

Prerequisites
CBDC-enabled bank account: Ensure your bank account is CBDC-enabled and linked to your Credit card.
CBDC wallet or app: Download and install the CBDC wallet or app provided by your bank or a third-party provider.

Transfer Process
1. Login to CBDC wallet or app: Access your CBDC wallet or app using your credentials.
2. Select transfer option: Choose the option to transfer funds from your Credit card to your bank account.
3. Enter transfer details: Provide the required details, including:
- Credit card number
- Bank account number
- Transfer amount
4. Confirm transaction: Review and confirm the transaction details.
5. Authorize transaction: Authenticate the transaction using a one-time password (OTP) or other authorized means.
6. Transfer processing: The transfer will be processed, and the funds will be credited to your bank account.

Important Considerations
- CBDC availability: Check with your bank or financial institution to confirm CBDC availability and compatibility with your Credit card.
- Transfer limits: Verify transfer limits and any applicable fees associated with the transaction.
- Security: Ensure the CBDC wallet or app is secure and trustworthy to protect your financial information.

Please note that the specific steps and requirements may vary depending on your bank, CBDC provider, and Credit card issuer. It's recommended to consult with your bank or financial institution for detailed instructions and guidance.

Thanks
 
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