How to transfer money from a credit card to a bank account?

[sherlock]

Hi

I ordered an item using my Axis Bank Neo Branded Visa Credit Card. I had paid my credit card bill and later on I had to return the defective item. However, the return of money got credited into my credit card account. Now, I wish to transfer that excessive amount in my credit card balance to my bank account. What is the best and easiest way of doing it without incurring any charges?

 

[NShah]

Hi

I ordered an item using my Axis Bank Neo Branded Visa Credit Card. I had paid my credit card bill and later on I had to return the defective item. However, the return of money got credited into my credit card account. Now, I wish to transfer that excessive amount in my credit card balance to my bank account. What is the best and easiest way of doing it without incurring any charges?

You can ask to Refund that excessive amount

 

[abhi23]

Will they return the money to the bank account without any deductions?

 

[HimachaliJeeper404]

Yes that's how the excess amount works in credit cards. If you have overpaid, the excess amount will reflect as a negative balance in your card account and later it gets adjusted with your next month statement.
If you need that money urgently, 2 options:
1. You can pay/shop for your friend/family from your card and get the cash from them.
2. there are few 3rd party apps which allows doing these card to account transactions but the catch is : you cannot transfer to your own account. Second, there would be charges associated with the transaction.

 

[AZ7]

Yes that's how the excess amount works in credit cards. If you have overpaid, the excess amount will reflect as a negative balance in your card account and later it gets adjusted with your next month statement.
If you need that money urgently, 2 options:
1. You can pay/shop for your friend/family from your card and get the cash from them.
2. there are few 3rd party apps which allows doing these card to account transactions but the catch is : you cannot transfer to your own account. Second, there would be charges associated with the transaction.

Can you share which 3rd parties are safe for transferring from credit card to bank account (not my own account)

 

[SSV]

Hi

I ordered an item using my Axis Bank Neo Branded Visa Credit Card. I had paid my credit card bill and later on I had to return the defective item. However, the return of money got credited into my credit card account. Now, I wish to transfer that excessive amount in my credit card balance to my bank account. What is the best and easiest way of doing it without incurring any charges?

Simple answer .. just follow the Hyderabad DON …

 

[#aniket]

Can you share which 3rd parties are safe for transferring from credit card to bank account (not my own account)

Bro just contact your card issuer and tell to credit into your bank account.

Why to go through 3rd parties?

 

[AZ7]

Bro just contact your card issuer and tell to credit into your bank account.

Why to go through 3rd parties?

I dont want money in my account, I want to make a payment to someone else's account but they are not sharing a payment link and have given bank account details.

Want to use my credit card to make that payment so that I can earn rewards as it is a high value transaction (~3.5lakh).

 

[Deleted member 30446]

I dont want money in my account, I want to make a payment to someone else's account but they are not sharing a payment link and have given bank account details.

Want to use my credit card to make that payment so that I can earn rewards as it is a high value transaction (~3.5lakh).

It will be a rent payment which will incur extra charges and no reward poking will be obtained (in most cases). What cards do you have?