8 Easy Steps to Transfer Money from Credit Card to Bank Account via UPI
In today’s digital era, various online mediums facilitate every finance-related activity, including transferring money from your credit card to your bank account. A commonly used method for this transaction is UPI, or Unified Payments Interface, which seamlessly enables instant money transfer through mobile devices. This article will guide you through ‘how to send money from credit card to bank account’ using UPI in 8 easy steps.
1. Download a UPI-Enabled Application:
To begin, start by downloading a reliable UPI-enabled application, such as Google Pay, PhonePe, Paytm, or others. These apps provide a user-friendly interface and are easily available on both the Google Play Store and Apple App Store.
2. Register on the App:
After installation, create an account using mobile verification. If you have already registered an account on the selected app, proceed with the login process. Some apps may ask for necessary permission during this stage for seamless operation.
3. Connect your Credit Card:
The primary step that answers ‘how to send money from credit card to bank account‘ is linking your credit card with the app. Navigate to the ‘Bank Accounts’ or ‘My Money’ section of the application, select ‘Add new debit/credit card,’ and fill in the necessary card details. This process may vary slightly based on the app you are using.
4. Link your Bank Account:
If you haven’t already linked your bank account with the app, do so by going to your accounts or wallet section. Following this, click on “Add Bank Account” and select your bank from the list. Enter your account details to successfully link it to your UPI application.
5. Confirm Details:
At this point, it is vital to repeatedly cross-check both your credit card and bank account details. Any error in this process can lead to a failed transaction or, in the worst-case scenario, unwanted loss of funds.
6. Transfer Money:
After confirming all details, proceed to the ‘Send Money’ or ‘Transfer Money’ option. At this stage, you select ‘Credit Card’ as the source of money and your bank account as the receiver.
7. Enter the Amount:
The next step in the process of ‘how to send money from credit card to bank account’ is specifying the amount you wish to transfer. Be cautious while entering the number and cross-verify before proceeding. If your app allows, add an optional note or reference for your transaction.
8. Final Transaction:
Finally, confirm your details and the amount for one last time. After a final sweep, click on the ‘Proceed’ or ‘Pay Now’ button, and enter your UPI Pin to authorize the transaction. Upon its success, you will receive a confirmation, notifying your successful UPI payment through credit card.
It’s important to note that some banks or UPI apps might charge nominal convenience fees for using credit cards for UPI transactions, even though transactions between bank accounts are generally free.
Furthermore, these applications offer top-tier security features, such as a UPI pin obligatory for every transaction to ensure the safe processing of your personal information and money. Heeding these safety measures, it has become incredibly straightforward to transfer money from credit card to a bank account.
UPI applications have revolutionized the way we handle payments, and the feature of transferring money from credit card to bank account is just one example. It not only provides you with the relief of not carrying fat wallets or waiting for banking hours, but also ensures secure, fast, and easy transactions at your fingertips.
Final Thought
In summary, the process to send money from credit card to bank account involves downloading a UPI-enabled application, registering an account, linking your card and bank account to the app, re-checking these details, sending money from your credit card to bank account, specifying the amount, and authenticating the transaction.
Discover the power at your fingertips today! Replace your worries about ‘how to send money from credit card to bank account?’ with the easy steps outlined above. Enjoy the seamless experience of UPI payment through credit card, and effortlessly manage your finances while on-the-go!