Why not withdraw and transfer money from a credit card

Before you withdraw money from a credit card, read, than it threatens you.

savings bank provided your customers to transfer funds from credit cards to debit. Now it can be done in the web version of the service, "Sberbank Online", and later the function will appear in mobile applications.

Leaders of the Savings Bank believes that this possibility is now very popular among customers. With it, people will be able to transfer money when unexpected situations when a debit card facilities are not available.

Emergency function can, and helpful, but not everyone understands what threatens the possibility of transfers from a credit card Savings Bank. Here's what you need to know about it:

• Transfer fee is the same as for cash withdrawals from ATMs in these cards - this is 3% of the amount, but not less than 390 rubles. It turns out that the 3% you pay only for the amount of transfer of 13 000 rubles.
• Interest free credit (50 days) does not apply to transfers from a credit card. That is additional interest credited to you immediately after sending money. Depending on the card, they will be from 21.9 to 25.9%.
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• The possibility of transferring funds from a credit card opens up great opportunities for fraudsters. If in the case of debit cards, they can only write off your existing amount, a credit card, they have the opportunity to take advantage of all of your limit. We can talk about hundreds of thousands of rubles, although some customers "ceiling" of up to several million.

These figures are relevant to clients of Sberbank, but the opportunity to transfer and withdraw funds from a credit card is available in many other banks. Among them, VTB, Alfa-Bank, "Discovery", Promsvyazbank, Tinkoff Bank and others. Interest they are slightly different, but the essence remains the same - the withdrawal of money you risk to drive yourself to the credit slavery.