Transfer Money From Credit Card to Bank Account For Free!!
Yes! it's true! Here I will share a method by which you can transfer money from credit card to bank account without incurring any high transaction fee for free! Read the article to find out how!
We all have seen banner ads saying "Now transfer money from your Credit Card and enjoy 45 days interest free" from popular payments apps like Paytm, Freecharge , Mobikwik and Cred etc.
When we click on it, at the bottom corner the condition stating *2 to 4% fee is applicable! But you read in the title and brief that we can avoid fee right?? Yes its true for that you need some basic setup and more over you need patience!
REQUIREMENTS:
1) Paytm account
2) Credit Card (Obviously!!)
3) Credit Card Balance
The Setup:
1) Download the Paytm app if you haven't already. (Skip to step 3 )
2) Now sign up or login to your Paytm account
3) Now Download Paytm For Business
4) You need to setup Paytm business account to proceed
5) Now switch to Paytm Business app, once on the home screen, Scroll down until you find Payments links
6) Click on Payments Links
7)You will be prompted to request the amount and description of it.
8)NOTE THAT YOU CAN ONLY SEND UPTO 5000RS UNLESS YOUR PAYTM BUSINESS ACCOUNT IS VERIFIED!
9) Put the desired amount (Max 5000rs) and description and click on Create Payments Link.
11) In next step, you will asked to confirm the payment, enter your mobile number and OTP and click on Verify.
12) Now you will get the available options to pay (If you have already linked your Credit Card to Paytm) select credit card and provide CVV and proceed with payment.
13) Now open your Paytm Business app and click on Settlements and now you can see the amount credited, but you cannot manually withdraw and you have to wait till 7am of the next day.
That's all! I know its a bit a thing to do all this, but at the end of the day you will be saving 2 to 4% charges. Please leave a comment and share if you find it useful!!
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