How to Transfer Money from Credit Card to Bank in India (5 Legit Free Methods)

How to Transfer Money from Credit Card to Bank in India isn’t as tricky as it sounds—especially if you know where to look. Whether you’re trying to avoid high fees or just need quick cash in your account, I’ve tested several methods. From Amazon Pay to CRED to a Digital Rupee trick that’s surprisingly slick, here are five free (or nearly free) ways to make it happen.

Call Your Bank (Simple, But Not Always Cheap)

The simplest move is ringing up your credit card provider and asking them to shift some funds. Most banks can sort this over the phone or through their app. Check your balance, tell them where it’s going, and you’re set. In the app, look for “Add Money” or “Transfer to Bank,” then pick “Credit Card.”
Downside? The fees. SBI’s at 2% or ₹199 (whichever’s steeper), and HDFC might nab up to 4%. Not my favorite surprise.

Amazon Pay (Best for Cashback & Zero Fees)

Personally, I stick with Amazon Pay since I’ve got the Amazon Pay ICICI credit card, and it’s been smooth sailing. Here’s how it rolls: link the card to your Amazon Pay wallet, load it up with cash from the card, then send it to your bank account. No transfer fees, and I snag 2% cashback on what I add. It’s been a lifesaver for me—free moves and a little reward on top. If you’ve got that card, it’s a no-brainer.

CRED RentPay (Quick, But Charges Apply)

CRED’s another option I’ve tried. You sign up, link your card, and use their “RentPay” feature. It’s meant for rent, but some folks—including me once—sent it to a landlord (or themselves) to get cash into a bank account. It’s quick, but CRED takes 1.5% to 3%, depending on your card. Plus, with the RBI cracking down on rent-via-credit-card tricks, I wouldn’t bank on this lasting long.

PayTM, Mobikwik & More (Convenient Yet Costly)

Apps like PayTM, Mobikwik, or Bajaj Finserv can move funds too, but they’ve got their hands out. PayTM’s at 2.65%, Mobikwik’s 3%, Bajaj’s 2%. I’ve dabbled here, but unless there’s a promo, the fees kill it. The RBI’s tightening up on these too, so they’re iffy long-term.

Side Hustles: Rent or Investments

For a detour, I’ve looked at rent apps like RedGiraffe—pay with a card, fees apply—or even NPS contributions, though the RBI’s nixed that lately. Not my usual go-to, but they’ve crossed my radar.

The Digital Rupee Trick (Zero Cost UPI Method)

Here’s a wild one I found—shifting money for free with CBDC (Central Bank Digital Currency). Get your bank’s Digital Rupee wallet app—it’s like UPI with a twist. Link a RuPay credit card through a UPI app, load the wallet, then send it to your bank account, no cost. The government’s all in on this, so it feels safe. I haven’t tried it yet, but it’s tempting—free’s hard to beat, though who knows how long it’ll stick around.

Final Thoughts: What’s the Smartest Transfer Method?

For me, Amazon Pay’s the champ—works fine every time, no fees, and that cashback’s a perk. CRED’s handy in a pinch but costs too much for regular use. The CBDC trick’s free if you’re up for the setup. I’d say Amazon Pay or the digital currency route are tops—easy and wallet-friendly. Got questions or want more credit card tips? Hit up CardReview.in or drop me a line below!