Being a middle-class office goer even if you earn a lakh per month you will suffer at the month end if your spending habit is not good.
Including veteran warren buffet and many intelligent investors, advice us to stay away from credit card sellers, spending from the money which you don’t own will always urge you to buy unwanted things which you won’t buy from your hard earned money.
But only middle-class people with brain full of commitments know the importance of having a credit card and cannot say no to credit cards because sometimes it will be really useful and protect you from crisis specifically during month end.
Again it depends on how disciplined you are in spending.
I am also using credit cards to buy important things and believe me I have never paid one rupee interest so far, I pay the bills periodically before the due date because the first rule to become wealthy is not to lose your money.
Though credit card is a boon. The only limitation is you can swipe the card at outlets which is an interest-free but on the other hand, if you withdraw cash from the credit card interest rate is higher and cash is withdrawn charges also applicable, it varies from bank to bank and from card to card.
Recently I was in a situation of fund crunch, I have decided to transfer money from credit card to bank account without charges. I have googled the possible ways and landed on many blog links and watched many videos but nothing found working, later I have come across this amazing app to transfer money from credit card to bank account.
Snapay, the fantastic app for transferring money from credit card to bank account all you have to do is to simply download the app from play store.
Create an account using your mobile number and email address, auto verifies your mobile number by the OTP.
The next step is you can enter the bank details of the recipient and start sending the money. Simple isn’t.
There are three options based on the processing time.
1.You can send the money on the same day but it will cost you 2.9% cut from the total you are sending.
I have used this method twice and its really working.
Steps are simple once you have entered the recipient details and sent, it will be under processing by snapay team, once it is approved by snapay it has to be approved by your credit card distributor (bank) after that it will hit the destined bank account.
Read: How to get instant payday loans with no credit check?
You can send your own credit card money to the same bank account also. Amazing isn’t?
The same day transaction works only during bank working days (5days in a week) and not during Government holidays. So if you send on Friday evening it may hit the account on Monday morning.
Note: For the same day transaction there is a limit of Rs.10,000/- , you cannot send more than 10k.
- Transaction +1 day transaction
For T+1 day, the transaction fee is 2.95% of the total amount and there is no limit you can transfer.
Other than one day of delay all the process remains the same.
- Transaction + 2days transaction
For T+2 days, the transaction fee is 2.5% of the total and here also there is no limit in the amount of transaction.
Another best part of snapay is you can transfer money through email and mobile number of the recipient also.
Before using snapay I tried Paytm business, payzapp and few other apps they are either complicated or requires KYC verification but snapay is hassle-free.
The one and the only drawback in Snapay is , you cannot cancel it once the process started.
Try it you will love it. Please note I am not paid for publishing this article just for information sharing.