How to Transfer Money from a Credit Card to a Bank Account?

Credit card-to-bank account transfers can be a lifesaver for small and micro-sized businesses facing cash flow issues, urgent expenses, or supplier payments. Whether you’re looking to fund working capital or cover short-term liabilities, being able to access your credit limit in cash can offer much-needed flexibility.

But what’s the best way to do this without heavy fees or complications?

Let’s explore the most practical and cost-effective methods, including GimBooks Pay, a smart tool designed especially for Indian businesses.

Can We Transfer Money from a Credit Card to a Bank Account?

Yes, you can. While credit cards are mainly meant for direct purchases, several methods allow you to send money from your credit card to your bank account. This transfer of funds from a credit card to a bank account is called a cash advance. However, not all of them are cost-effective or recommended for regular use.

Why Transfer Money from a Credit Card to a Bank Account?

Here are a few common scenarios where this might come in handy:

• Managing emergency expenses like bulk purchases or supplier payments
• Paying utility bills or rent where only bank transfers are accepted
• Keeping your business afloat during slow periods
• Topping up working capital temporarily

Understanding the process and associated charges is key to making the right decision for your business.

GimBooks Pay: Your Best Option for Credit Card to Bank Transfers

GimBooks Pay is a powerful solution created specifically for small and micro businesses. With this service, you can directly transfer money from your credit card to your bank account securely and with minimal fees.

Why Choose GimBooks Pay?

• Fast and secure transfer.
• Lower service charges compared to traditional methods.
• Ideal for vendor payments, rent, salaries, and more.
• Integrated with your GimBooks invoicing and accounting system.
• Supports Indian and Middle Eastern bank accounts.
  

How to Use GimBooks Pay:

1. Download the GimBooks Pay App from the Google Play Store.
2. Log in to your GimBooks Pay account.
3. Link your credit card.
4. Enter the transfer amount and your bank account details.
5. Authorize and complete the transfer.

Whether you're managing a growing Kirana store or a regional service business, GimBooks Pay helps you tap into your credit card limit in real cash instantly and affordably.

Other Methods to Transfer Amounts from a Credit Card to a Bank Account

While GimBooks Pay is one of the most convenient ways, here are a few traditional alternatives:

Table: Methods to Transfer Amount from Credit Card to Bank Account

Tips to Save on Credit Card to Cash Transfers

If you often need to send money from a credit card to a bank, here are some smart ways to reduce costs:

• Choose trusted RBI-approved apps like GimBooks Pay with lower rates.
• Avoid ATM cash withdrawals unless necessary.
• Use wallet apps only if you understand the fees.
• Pay off the amount transferred as soon as possible.
• Compare offers from different banks or credit cards.

Risks & Charges Involved in Credit Card to Bank Transfers

While tools like GimBooks Pay offer cost-effective transfers, other methods may involve:

• High interest rates from day one (cash advances).
• No interest-free period.
• Cash advance or convenience fees.
• Negative impact on your credit score if not repaid on time.

Always review the terms of any credit-to-cash transaction before proceeding.

Is It Legal to Transfer Money from a Credit Card to a Bank Account?

Yes, it is legal in India and in most countries, provided you use genuine and RBI-compliant apps and services. However, make sure you're not using this route to fund speculative activities or default on payments, as that can affect your creditworthiness and raise red flags.

For Small Businesses: Is It a Good Move?

Absolutely, if done right. Small and micro-business owners can use a credit card to make bank account transfers to:

• Pay urgent bills.
• Fund daily operations.
• Manage working capital.
• Fill short-term cash flow gaps.

However, it’s best to use GimBooks Pay over traditional cash advance options to keep fees and interest low.

GimBooks: Simplifying Financial Management for Small Businesses

GimBooks has been a trusted partner for small and micro-sized businesses since its inception in 2017. Built with a vision to empower entrepreneurs across India and the Middle East, GimBooks offers an easy-to-use, cloud-based platform that streamlines every aspect of business finance, from invoicing to banking, accounting, and now even payments.

Designed specifically for business owners with limited accounting knowledge, GimBooks enables you to manage your entire financial ecosystem in one place. Whether you're a retailer, service provider, freelancer, or MSME, the platform helps you focus more on business growth and less on complex paperwork.

Key Features of GimBooks

The key features of GimBooks include

• GST-Compliant Invoicing:
  Generate professional and tax-compliant invoices in just a few clicks. GimBooks supports multiple invoice formats and keeps you ready for audits and GST filings at all times.
• Integrated Banking & Expense Tracking:
  Easily connect your business bank account to automate expense tracking and monitor every financial transaction in real-time, which ensures better cash flow visibility and control.
• Automated Business Reports & Tax Documents:
  Stay on top of your business performance with insightful reports, balance sheets, profit-loss statements, and tax-ready summaries, all auto-generated and downloadable.
• GimBooks Pay: Credit Card to Bank Transfers Made Easy:
  With the launch of GimBooks Pay, the platform now allows you to securely transfer money from your credit card to your bank account. This new feature is a game-changer for businesses needing quick access to funds for salaries, vendor payments, or operational needs without depending on high-interest cash advance options.

Final Thoughts

Transferring from a credit card to a bank account is now easier, smarter, and more business-friendly, especially with the launch of GimBooks Pay. Whether you're facing short-term cash flow challenges or need a smoother way to manage business payments, this tool puts control back in your hands.

Use GimBooks Pay to unlock the power of your credit limit, manage your expenses efficiently, and keep your business running without financial hiccups.

Related - Pay Vendors with Credit Cards in 2025

FAQs about Credit Cards to a Bank Account

1. How can I transfer money from a credit card to a bank account instantly?

You can use trusted apps like GimBooks Pay to move money from a credit card to a bank account instantly.

2. Is it safe to transfer money from a credit card to a bank account?

Yes, transferring from a credit card to a bank account is safe if you use verified apps or your bank’s official platform. Always check the charges before proceeding.

3. What is the fee for a credit card to bank account transfer?

The fee for a credit card to bank account transfer ranges from 1.5-3.5% depending on the method used. Additional interest may apply if it’s treated as a cash advance.

4. Can I do a credit card to bank account transfer without interest?

Some banks offer balance transfer offers with 0% interest for a limited period. Otherwise, most credit card-to-bank account transfers involve interest charges.

5. Does a credit card to bank account transfer affect credit score?

If you repay on time, it won’t harm your credit score. However, frequent or high credit card-to-bank account transfers may affect your credit utilization ratio.