You can convert credit card limit directly into cash through an application. Actually, you can transfer money directly from credit card to account through mobile application CRED.
Often a credit card comes in handy when you have to buy something for which your budget is less or you do not have money to buy it at that time. If you also use a credit card, then you must have seen that sometimes it proves to be the most useful thing in times of need. However, sometimes it seems that it would have been better if the money was transferred directly from the credit card. But, in some ways you can also transfer money directly from credit card to your account and use the credit card as cash in difficult times. In such a situation, let us know how money can be transferred from credit card to account…
When you have to transfer money from credit card, you first transfer the money to the wallet and then transfer it to the account, which incurs huge fees. Besides, it takes a lot of time and also involves many hassles. But you can convert the credit card limit directly into cash through an application. Actually, you can transfer money directly from credit card to account through mobile application CRED. For this, you will not have to follow much process and you will transfer money from credit card to your account in a few seconds.
What is its process…
- First of all download the CRED application on your phone.
- After logging into CRED, you will be able to transfer money easily.
- Actually, there is an option of Pay Rent in CRED, through which you can pay your rent through credit card.
- For this, you just have to write an account detail in this option, in which you have to transfer money.
- After doing this, this payment will be completed through an OTP.
- If you want, you can also enter your account number in it, due to which the credit card limit in your account will be converted into money.
How much are the fees?
Earlier you could do this without any fees through CRED, but now CRED has started charging fees for this. Although this fee is not much, if you transfer Rs 10,000 then you have to pay Rs 100-125. You can easily estimate the fees from this. However, CRED also gives cashback on this, which reduces your fees a bit.
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