Can I transfer money from my credit card to my bank account using UPI?
Curious about Unified Payments Interface
Direct transfers from a credit card to a bank account using UPI are not supported. UPI transactions primarily involve transferring funds between bank accounts. However, you may be able to use other methods to transfer money from your credit card to your bank account, such as:
Balance Transfer: Some credit card issuers offer balance transfer facilities where you can transfer the outstanding balance of one credit card to another credit card or a bank account. This option may involve certain fees or interest charges.
Cash Advance: You can withdraw cash from your credit card at an ATM and then deposit it into your bank account. However, keep in mind that cash advances usually come with higher interest rates and may attract additional fees.
It is important to note that these options may vary depending on the policies and terms of your credit card issuer. I recommend contacting your credit card issuer directly to inquire about the available options and any associated fees or charges.