Hi all... I am new to credit card world, is it all type of credit cards can transfer money to bank account? Or only Money Transfer Credit Card?

How do we check whether our credit card is Money Transfer Credit Card? I would like to transfer some money to BigPay card.

Thanks.

Don't really understand what u mean by credit card transfer money to bank account. Can explain what you want to do?

U can use credit card for transactions or payment so yes u can use it to top up bigpay card or ewallet. But these are not bank accounts

Yes I just want to topup my BigPay account and withdraw cash using the BigPay card.

As I am newbie to credit card world, do I need to activate something else or apply some sort of installment plans before I can use the money transferring feature on the credit card? Or the credit card will came together with the money transferring feature?

All kind of credit cards have money transferring feature? Or how to determine whether my credit card has this money transferring feature?

This post has been edited by adam_lew85: Sep 25 2019, 10:43 PM

Maybank ezcash, depends on ur credit limit

I didn't have maybank cc

Trf money from credit card is considered a cash advance or not?

Count as cash advance

yes u can topup bigpay and withdraw cash using bigpay. no problem.

i think the term u should be using is not 'money transferring feature' but 'cash advance'. u can use this feature anytime by withdrawing money from ATM. similar to how some people recently got scammed by other ppl using their credit card and pin to withdraw from ATM.

but beware, cash advance incurs very high interest rate. pay back fast or be ready to face the consequences.
getting from bigpay instead, it's not considered cash advanced coz ur bank considered it as a normal credit card transaction to bigpay instead.

on a side note, if you're actually looking to get cash, i'd advice getting personal loan instead. credit card debt is always much higher interest rate and risky compared to personal loans.

If require cash from credit card, depends on the amount, better get a personal loan which has less interest & better terms

If you get cash from credit card is consider cash advance & the interest will start from the day they credit the money. Interest is very high...

Ya I knew it that's y I need to use it with BigPay and withdraw from bigpay, lower fees.

are you planning to not pay back your credit card anytime soon? coz thats what it seems like it.

you want to transfer credit from your credit card to your debit bigpay card and withdraw cash.

you will actually pay a lot of interests/fees.

have you done the math?

No... Actually I am asking how to top up the bigpay with credit cards, i still need to pay back within certain period.

Sry lead to misunderstanding coz I am new to credit card world.

go ahead to top up your bigpay with your credit card then. it shouldn't be that difficult. check the bigpay thread under finance if u want to get more info.

all da best in your finances and hopefully u'll be able to clear your card outstanding later dude

topping up bigpay with cc max is capped to 10k per month.

topping up bigpay with casa account is unlimited. so far this month i've topup 30k into big pay

This looks like the beginning of a huge financial blunder. TS better make sure to know the stakes before proceeding.

2 x the fee for simple cash withdrawal/advance


This post has been edited by lahart: Sep 27 2019, 03:24 PM

Why is that so?

maybank offer 0% interest but 1% one time service charge.

6 months or 12 months installment，but if you unable to pay on time the installment，prepare for 18% interest....

Actually can use boost to withdraw rm1498 (+rm2 processing fee) from credit card to your savings account

Ez, just hoot rm100 go buy that big pay. If kena burn, then learn lesson.

Sekian.