Credit card has two main functions, one is to spend by swiping the card, and the other is to borrow cash in advance. So, do credit cards have the transfer function of ordinary debit cards? Or, can China Merchants Bank transfer money by credit card?

In fact, credit cards can be used to transfer money, which is equivalent to cash advance (cash withdrawal), and funds can be transferred to UnionPay cards of any bank (not limited to my name) at ATM machines. You can also transfer money to the one-card (debit card) of China Merchants Bank under your own name through online banking, mobile banking and telephone.

Fees and interest shall be charged according to the following standards:

1, handling fee: the handling fee for RMB cash advance in China is 1% of each cash withdrawal amount, and the minimum charge is 10 yuan RMB; The handling fee for overseas cash advance is 3% of each cash withdrawal amount, and the minimum charge is USD 3 or 30 yuan RMB (American Express Card-Centurion Black Gold Card, American Express Card-Centurion Platinum Card is USD 5 or 30 yuan RMB). There is no inter-bank handling fee for cash advance.

2. Interest: advance cash is not entitled to interest-free repayment. From the date of cash withdrawal to the date of settlement, interest will be charged at the daily rate of 0.5 ‰, and compound interest will be charged on a monthly basis.

To sum up, credit cards can transfer money, and transfer is actually the cash advance function of credit cards. And the transfer fee and interest to be paid for credit card transfer are consistent with the cash advance by credit card.