Are you looking for the best ways to manage financial crunches? Here are some new methods through which you can avail quick cash to manage short-term financial emergencies. One of the best ways is a credit card to bank transfer. Transferring money from a credit card to bank account has become a seamless process thanks to modern fintech solutions. At GoPaisa, we bring you the latest credit card to bank transfer offers, verified coupons, and deals on instant money transfer apps to help you quickly transfer money at the lowest possible convenience fees.

Trending Credit Card to Bank Offers, Coupons & Deals

Explore top credit card to bank offers, coupons, and deals to enjoy convenience fee waivers, cashback, and rewards on your money transfers.

1. GoPaisa Education Payment Coupon Offer

The latest GoPaisa education payment coupon [MONEY100] offers you 100% convenience fee discount on transactions of up to Rs 10,000. Here are the details:

Get 100% Convenience Fee Waiver on 1st Education Payment
Use coupon code [MONEY100]
Valid on transactions of up to Rs 10,000
Coupon code is must to avail the offer

2. GoPaisa App Coupon Offer

You might not know this, but you can easily send money from a credit card to bank account at no extra cost. That’s true! Take advantage of GoPaisa's ‘Instant Money’ feature and get 100% convenience fee discount on your first credit card to bank account transfer. Just create a new account on GoPaisa Cashback and Coupons app, select the ‘Instant Money’ option, and choose ‘Education Fee’. Apply the GoPaisa App coupon code [CASH100] for a 100% discount on the convenience fee. Here are the details:

Get 100% Convenience Fee Off on 1st Credit Card to Bank Transfer
Use coupon code [CASH100]
Valid on transactions of up to Rs 10,000
Coupon code is must to avail the offer

3. GoPaisa New User Coupon Offer

If you’re new to GoPaisa Instant Money, you can receive a 100% convenience fee waiver on your first credit card to bank transfer. All you need to do is sign up to GoPaisa cashback and coupons app, go to ‘Instant Money’, and select ‘Education Fees’. Apply the GoPaisa new user coupon code [NEW100] and enjoy 100% discount on convenience fees on your first credit card to bank transfer transaction. Here are the details:

100% Convenience Fee Waiver on 1st Credit Card to Bank Transfer
Use coupon code [NEW100]
Valid on transactions of up to Rs 10,000
Coupon code is must to avail the offer

What is Credit Card to Bank Transfer?

A credit card to bank transfer refers to a financial transaction where you withdraw your available credit card limit directly into a savings or current account. Unlike an ATM cash withdrawal (which often carries high interest from day one), using an online money transfer app to send from your credit card to your bank account is often a more cost-effective way.

A credit card to bank account transfer app typically charges a one-time transfer fee, usually 1% to 3% of the transferred amount. Furthermore, most bank credit cards may offer an interest-free period of up to 45 days or lower rates, which can help meet urgent cash requirements at a lower convenience fee.

For example, if you transfer an amount of Rs. 60,000 from a credit card to a bank account, and the convenience fee is 1.5%. You'll be charged Rs. 900 + GST for convenience fees or platform fees. However, you'll receive an interest-free period of up to 45 days to repay the borrowed amount, without incurring any additional costs.

What is Credit Card to Wallet Transfer?

Unlike a credit card to bank transfer, a credit card to wallet transfer involves using your credit limit to add money to wallet services like GoPaisa Instant Money, Paytm, Mobikwik, or PhonePe. Once the transferred funds are in your digital wallet, you can use them to pay merchants, settle utility bills, or further move them to a bank account.

A credit card to wallet transfer method is highly popular for those looking to earn reward points or milestones while maintaining a digital cash balance. However, a small convenience fee or platform fee is involved, which is around 1.5% to 3% per transaction.

Ways to Transfer Money from a Credit Card to Bank Account Online

If you're wondering how to add money from a credit card to a bank account online, there are several reliable methods available today. Here are some popular ways to transfer funds from a credit card to a bank account in India.

1. Instant Money Transfer Through Digital Payment Apps

This is the most widely used method, where several digital payment apps such as Paytm, PhonePe, Amazon Pay, Freecharge, etc., offer a feature to send money from a credit card to bank account through e-wallets. Here, you need to add money from your credit card account to the wallet and then transfer the added amount to your bank account. However, adding cash from a credit card to wallet has some disadvantages, such as:

High credit card wallet loading charges. Usually 1.7% to 3% per transaction.
Low monthly transfer limits (usually Rs. 10 to Rs. 15000 per month).

2. Cash Advance Facility (ATM Cash Withdrawal via Credit Card)

Another way, or the traditional way, of withdrawing credit card money is the credit card's cash advance facility. Most credit card issuers allow you to withdraw a certain amount from your credit limit in cash through ATM cash withdrawal. However, this method also has some disadvantages, as listed below:

A hefty fee of 2.5% to 3% per month (minimum Rs. 500) is charged by the bank for withdrawing cash with a credit card at an ATM.
You can withdraw 20% to 40% of your overall credit card limit as cash.
Interest starts from the date of withdrawal.
No interest-free period applies to credit card cash advances.

3. Money Transfer Credit Cards

Money transfer credit cards are slightly different from standard credit cards. They enable you to send a portion of your credit card limit directly to a bank account.

Difference Between Balance Transfer and Money Transfer Credit Card

Balance Transfer credit cards allow you to transfer a portion of your credit card limit to another bank's credit card at a nominal fee. On the other hand, Money Transfer credit cards let you transfer funds from your credit card limit to your bank account. A Money Transfer card could be useful in the following scenarios:

When you need to make payments that are not accepted by credit card.
0% APR credit transfer for a set period.

There are some disadvantages associated with Money Transfer credit cards. Some of the include:

High processing fee of up to 5%.
Credit card to bank account transfer option depends on bank approval
Charges and offers vary depending on user profile
Interest charge may be between 23.9% and 29.9% APR.

In India, Axis Bank provides a money transfer feature on selected credit cards. The best one is the Airtel Axis Bank Credit Card.

4. Rent Payment Through Credit Card

Rent payment through credit card is one of the most common ways to transfer money using a credit card in recent times. This can be easily done by paying Rent through apps like Housing, Cred, or NoBroker, which settle the amount into the landlord's (or your own secondary) bank account. However, currently, house rent payment through credit cards is completely banned on fintech apps following new RBI rules.

Note: From September 15, 2025, the use of credit cards for house rent payments on fintech apps, including PhonePe, Paytm, Cred, Amazon Pay, and Housing, is entirely prohibited due to new regulations issued by the RBI.

5. Education/Tuition Fees via Credit Card

Similar to Rent Payment, Education Fee Payment is the most common and widely used method of transferring money from a credit card to a bank account online. You can find this feature on several new business payment and digital payment apps such as Cred, Spaid, CheQ, BharatNXT, and more. GoPaisa Cashback & Coupons app has also started the education payments via credit card at the lowest convenience fees.

Here are a few things you need to know about Education/Tuition fees via credit card.

A convenience fee of 1% to 2.5% is charged on every transaction.
Most payment apps may offer 1st transaction at 0% convenience fees.
Coupon discounts and cashback offers are also available.

Top Apps for Credit Card to Bank Transfers

Choosing a reliable and trustworthy credit card to bank transfer app can be a financial lifesaver during unexpected cash emergencies. It simplifies urgent cash requirements by sending money from a credit card to a bank account or wallet at a nominal convenience fee. Here's a curated list of the best credit card to bank transfer apps in India that offer money transfer options from a credit card to a bank account or wallet.

1 - GoPaisa Cashback & Coupons App

GoPaisa Cashback and Coupons App stands out as the best app for credit card to bank transfers, thanks to its 'Instant Money' feature. It enables fast, secure, and hassle-free transfers using your credit card, while charging one of the lowest convenience fees in the market. On top of that, you can earn real cashback on every transaction.

Key Features:

Earn cashback on education fee payments through a credit card
Lowest convenience fees on every transaction
Fast, secure & hassle-free transactions
Zero hidden charges
Simple and easy-to-use interface

Money Transfer Services:

Education Payments via credit cards
Transfer money from the online wallet to the bank account (upcoming)
Mobile recharge (upcoming)
Utility bill payments and FASTag recharge(upcoming)
Credit card bill payments (upcoming)

Charges:

GoPaisa charges a minimal convenience fee on education fee payments and credit card to bank account transfers. The various transaction charges are as follows:

Education Fee Payments: 1% to 2% + GST(depending on settlement mode)
GoPaisa Wallet Charges: upcoming

Download GoPaisa App from here!

2 - Cred

Cred is a popular financial app that enables users to withdraw cash from a credit card to a bank account online. It also offers a Cred Cash facility that allows users to avail personal loans at competitive rates. However, a CIBIL score of 750 or higher is required to join the Cred app.

Key Features:

All-in-one credit card bill payment app
Offers cashback and Cred coins for credit card bill payments, recharges, and more
Easy credit card to bank transfer facility
Personal loan facility is also available
Simple and clean interface

Money Transfer Services:

Transfer funds from credit cards to banks with CRED Cash
Transfer money from the online wallet to the bank account with Cred Wallet
Education Payments via credit cards
Merchant payments and funds transfer via QR scans
Utility Bills & Recharge payments
FASTag recharge, motor insurance & online challan payments
Credit card bill payments

Charges:

Education Fee Payments: 1.5% + GST
Cred Cash Charges: 2.5% to 5%. Processing fees, finance charges, and interest are extra
Cred Wallet Charges: 2.5% of the transaction amount

The Cred app charges a 1.5% + GST convenience fee for education fee payments and credit card to bank account transfers. For personal loans through Cred Cash, the Cred app charges range from 2.5% to 5% of the withdrawn amount. Additional processing fees, finance charges, and interest may also apply. Last but not least, the Cred wallet loading charges are 2.5% of the transaction amount.

3 - MobiKwik

MobiKwik, a popular digital payment app, offers a simple and hassle-free way to transfer money from your credit card to a bank account online. Users can make instant transfers using features like MobiKwik’s 'Wallet to Bank', rent payments, or the ZIP credit facility.

Key Features:

Mobikwik Wallet to add money via credit card
Transfer money to any bank account
Reward points on credit card to bank account transfers
Fast, secure, and easy-to-use app interface

Money Transfer Services:

Education Fee Payments via credit cards
Credit card to wallet transfers
Mobile recharge & bill payments
Credit card bill payments
Credit & Loans service
Investment in fixed deposits, mutual funds, stocks, bonds, and more

Charges:

Education Fee Payments: 2.79% + GST
MobikWik Wallet Charges: 2.3% of the transaction amount

MobiKwik's credit card to bank transfer charge is 2.79% (excluding taxes). Moreover, MobikWik charges you 2.3% of the transaction amount for wallet loading via credit card.

4 - CheQ

CheQ is another great fintech app for credit card to bank or wallet transfers in recent times. This app allows you make education payments via credit cards. They even allow you to add money to your digital wallet using a credit card and then transfer that money to a bank account easily.

Key Features:

Seamless wallet to add and transfer money via credit card to bank account
Discounts on education fee payments via credit cards
Instant credit card bill payments
Instant loan facility available for users
Safe and secure transactions

Money Transfer Services:

Education Fee Payments via credit cards
Credit card to wallet transfers
Mobile recharge & bill payments
Credit card bill payments
Loan service
Insurance payments & FASTag recharge

Charges:

Education payment fees: 3.4% (including GST) | Upto 50% OFF With Coupon
CheQ Wallet Charges: 1.7% of the transaction amount
Recharge & Utility Bill Payments Charges: Nil

CheQ's education fee payments via credit cards are are comparately higher than any other app we compared. Currently, they are charging a 3.4% convenience fee (including GST) for a credit card to bank transfer via Education payments. However, up to 50% off discount coupon is available for education fee payments for a limited time. Furthermore, CheQ charges a 1.7% of the transaction amount for wallet loading via credit card.

5 - BharatNXT

BharatNXT is a next-generation business payments app that enables users to transfer funds from credit cards to bank accounts for all their business-related payments. With the BharatNXT app, users can pay for a wide range of expenses, including vendor payments, rent, utilities, education fees, and more, by just using their credit cards.

Key Features:

All-in-one business payments app via credit card
Best for sellers and small vendors
Several business payment options are available
Safe and secure transactions

Money Transfer Services:

Education Fee Payments via credit cards
Credit card to wallet transfers
Mobile recharge & bill payments
Credit card bill payments
Credit & Loans service
Investment in fixed deposits, mutual funds, stocks, bonds, and more

Charges:

Business payment fees: 2.09% - 2.39% + GST
Vendor payment fees: 2.09% - 2.39% + GST
Rent payment fees: 2.3% - 2.49%
Education payment fees: 1.55% - 1.89% + GST
GST payment fees: Nil
Utility payments fees: Nil

BharatNXT offers a wide range of payment options via credit cards, with convenience fee charges ranging from 1.55% to 2.49%. Notably, they offer zero charges on utility and GST payments. Additionally, their education payments via credit cards are more competitive than those of MobikWik, CheQ, and PhonePe.

6 - Spaid

Spaid is another fintech app that offers a fast, secure, and hassle-free way to pay rent, education fees, and professional services through a credit card. It is also a competitive app to pay rent via credit card, pay education fees using your credit card, or use your credit card to bank transfer at a nominal convenience fee. Spaid also offers up to 50 days of interest-free credit and rewards on every rent or education payment transaction via credit card.

Key Features:

Offers credit cards to bank transfers
Milestone rewards
Easy-to-use app. Quick onboarding process
Safe and secure transactions
Transparent charges

Money Transfer Services:

Education Fee Payments via credit cards
Mobile recharge & utility bill payments
Credit card bill payments
Transport payments
Financial services

Charges:

Education Fee Payments: 1.69% + GST

Spaid charges a 1.69 % + GST as a convenience fee or platform fee for education payments through credit card and credit card to bank account transfers.

7 - Paytm

Paytm, a well-known name in digital payments and UPI transfers, is a reliable and widely used app for transferring credit card funds to a bank account. It's handy for withdrawing small cash amounts from a credit card using its Paytm Postpaid or Wallet services.

Key Features:

Enable credit card to bank transfers using the Paytm Wallet
Add funds to your Paytm Wallet using a linked credit card
Instantly transfer funds from your Paytm Wallet to your bank account

Note: Paytm has currently closed its wallet services and wallet to bank account transfers.

Money Transfer Services:

Education Fee Payments via credit cards
Paytm Postpaid service
Merchant payment and fund transfers via QR & UPI
Mobile recharge & bill payments
Credit card bill payments
Loan and insurance service
Movie and travel ticket booking
Financial investment options in mutual funds, stocks, and gold

Note: Paytm currently offers education payments for schools, colleges, and institutes. Their credit card payments for self-transfer are currently inactive.

Factors to Consider When Transferring Funds From a Credit Card to Bank Account

Whenever you decide to transfer money from credit card to bank account, we suggest you check the given factors that could affect cost and long-term finances. These credit card to bank or wallet transfer considerations help maintain credit history, reduce risks, and control your finances easily.

Some of the top factors one should consider when transferring money from a credit card to bank account online are:

1. Convenience Fee Charges

The most crucial factor to check when initiating an education fee transaction via a credit card or adding cash to a wallet using a credit card is convenience fees or platform charges. Most apps charge a convenience fee for these payments, typically ranging from 1.5% to 3% (excluding taxes) of the amount being transferred. Therefore, you should keep this cost in mind before transferring money from your credit card to your bank account.

2. Credit Limit Utilization

Whenever you want to transfer money from your credit card, make sure you have sufficient available credit on your credit card. Exceeding your sanctioned credit limit may lead to credit card over-limit charges, which typically 2.5% to 5% of the over-limit amount (minimum Rs.500).

Moreover, a good credit card utilization score is considered below 30% of the total available credit limit. Spending heavily using a credit card can decrease your CIBIL score and may affect your long-term finances.

3. Credit Card Type

Credit cards come in various types, such as Visa credit cards, Rupay credit cards, commercial credit cards, and Co-branded credit cards. Each bank card is designed to fulfill specific needs and preferences. Moreover, charges associated with each credit card type are different, depending on their offerings and rewards. Therefore, reviewing the interest rates charged by bank credit cards is crucial.

We recommend avoiding money transfers from AMEX and Corporate/Business credit cards to bank account, as the bank interest rates are way too high on these cards.

4. Long-term Effects

Maintaining a good credit history is crucial for long-term financial needs. Therefore, whenever you withdraw money from credit card to bank account, repay it back to your credit card before the due date. Late payments increase penalties and can impact your CIBIL score negatively. Moreover, do not overuse credit card to bank transfer facility as it might affect your credit limit utilization as well.

Do's & Don'ts When Transferring Money from Credit Card to Bank or Wallet

Managing your credit card to bank account transfers requires discipline to avoid debt traps. Here are some Do's and Don'ts that you should consider when transferring money from your credit card to your account:

Do's:

1. Compare Convenience Fees: Always compare the convenience fees of different credit card to bank transfer app. Most apps typically charge a convenience fee of 1% to 3% for each transaction.

2. Check for Offers: Find coupon discounts and cashback offers on transfer fees. GoPaisa is currently offering 100% convenience fee discount coupon [MONEY100] for first education fee payment transaction.

3. Pay Credit Card Bill in Full: Ensure you pay your credit card bill by the due date. Not doing so may lead to high-interest charges and may affect your CIBIL score.

4. Verify Receiver's Bank Details: Double-check the account number and IFSC code before transferring money from a credit card to a bank account.

5. Credit Limit Usage: Use the credit card to bank transfer feature only in cash emergencies. Over-utilizing your credit card limit may trap you in debt.

6. Available Credit Card Limit: Ensure your credit card has a sufficient limit to avoid credit card overlimit penalties. Banks usually charged 2% of the overlimit transaction amount (minimum Rs. 500).

Don'ts:

1. Avoid Over-transferring: Don't use your entire credit card limit, as it can also negatively affect your credit score due to high credit utilization.

2. Avoid ATM Withdrawals: Never use your credit card to cash via an ATM. The interest rates and withdrawal fees are significantly higher than those of online apps.

3. Don't Ignore Interest & Charges: Be aware of the GST applicable on the processing fees of credit card to bank transfers. Also, check the credit card type because some bank cards charge you a higher interest rate on these transactions.

Conclusion

Now that you know how to get funded for unplanned expenses or need to pay off short-term debts, you can use your credit card balance by transferring them to your bank account. A credit card to bank transfer is the most convenient method and highly effective solution for short-term cash requirements.

And with the GoPaisa app, you can seamlessly transfer money directly from your credit card to your bank account online. Additionally, GoPaisa offers discount coupons and cashback offers on your credit card to bank transfer, making it an excellent choice for paying education fees at lower interest rates with your credit card.

Overall, transferring money from a credit card to a bank account is an effective way to fulfil your short-term cash needs while also saving on convenience fee charges with GoPaisa cashback and coupons.

Credit Card to Bank Transfer FAQs

Q: Can I transfer money from credit cards to bank accounts online?

Yes, there are several ways like education payment, rent payment, credit card to wallet apps, and money transfer credit cards through which you can transfer money from a credit card to bank account online. The easiest and most affordable one are education payments via credit card and credit card to wallet transfers.

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

You can transfer money from credit cards to bank account online through credit card transfer to digital payments app wallet, education payment transactions, or by taking a cash advance from an ATM. Some apps like GoPaisa, Cred, Spaid and more also let you transfer money from credit card to bank either through wallet or education payment. Remember that these transfers often come with platform fees and interest charges.

Q: Can I transfer money from a credit card to a bank account without charges?

Usually no. There are always platform charges and taxes applied when transferring money from a credit card to bank account. However, with some promotional offers from GoPaisa, you can get 100% convenience fee waiver on your 1st money transfer transaction of up to Rs 10,000.

Q: What are the best apps for credit card to bank transfers?

The best app for using credit card to bank transfer is GoPaisa Cashback and Coupons. It enables secure credit card money transfers while also offering 100% convenience fee waiver on 1st transaction.

Q: Are there any charges for using a credit card to bank transfer app?

Yes, almost all credit card to bank transfer apps charge a small convenience fee, typically ranging from 1% to 3.5% per transaction. Therefore, it is essential that you check each app's fees and charges before initiating a payment.

Q: Is it safe to use an instant money transfer app for credit card transfers?

Yes, apps like GoPaisa, CRED, Spaid and BharatNXT use encrypted gateways and are regulated by the RBI, making them safe for transferring funds to your credit card to bank account.

Q: How long does a credit card to bank transfer take?

Most credit card to bank transfers take 24 hours to 48 hours, depending on the mode you select. Some online money transfer apps offer same-day or instant transfers, but their fees are usually very high.

Q: What are the best ways to send money from credit card to bank account instantly?

The best ways include credit cards to bank transfer apps, which allow you to transfer money from your credit card to bank account at a lower charge.

Q: How to transfer money from a credit card to a bank account for free?

You can make your 1st credit card to bank account transfer free of convenience fee charge using the promotional offer from GoPaisa. Use the GoPaisa app coupon [CASH100] and enjoy 100% convenience fee waiver on 1st transaction of up to Rs. 10,000. You can find more credit card to bank coupons, offers on GoPaisa.

Q: Does adding money from a credit card to bank or wallet earn reward points?

This mostly depends on your credit card issuer. Some cards offer rewards for wallet loads, while others may exclude Rent', 'Education'. or 'Wallet' transactions from their rewards program.

Q: How much money can I transfer from a credit card to bank?

The amount you can transfer depends on your credit card provider and instant money transfer apps daily transaction limit. Most bank credit cards allow a transfer of up to 75% of the credit card limit. Moreover, most instant money transfer apps like GoPaisa allow you to send up to Rs. 75,000 on a single transaction.

Q: Can I transfer money from my credit card to self bank account?

No, you cannot send money from your credit card to self bank account.

Q: What should I do if I face any problem while transferring money from my credit card to bank account?

If you face any problem while sending money from a credit card to bank, you should contact the apps customer service for assistance.

Q: Does credit card to bank transfer transactions affect my credit score?

Yes. Credit card to bank transfers are for short-term emergencies. Repetitive transactions may raise credit limit utilization, signal risks, and missed credit card payments, which affect the CIBIL score. Timely repayment of credit card dues and keeping credit limit utilization below 30% saves your profile.