If you use HDFC Bank’s credit card, then in emergency you can transfer funds to your savings account with the help of PayZapp mobile app. This is a much better method than withdrawing cash from a credit card, which charges only 2.5% interest.
HDFC Bank Credit Card: The trend of credit cards is increasing rapidly. Nowadays most of the youth have a credit card. As we know every credit card has a fixed limit. You can make purchases up to the limit amount. Later it can be paid in installments every month or one time payment can also be made without fine before the due date. There is also a facility to withdraw cash from the credit card in case of emergency. However, its interest rate is very high. Financial planners advise not to withdraw cash from credit cards unless there is a major emergency. If you withdraw cash from credit card then its interest rate is very high. It is possible up to 2-4 percent annually.
Transfer funds to savings account using PayZapp
If you use HDFC Bank credit card then there is good news for you. The bank has brought great news for its credit card users. HDFC Bank credit card holders can transfer money from credit card to savings account at an interest rate of 2.5%. According to the mail sent by HDFC Bank to the customer, all this is possible with the help of PayZapp mobile app. Earlier, with the help of PayZap app, there was an interest of 3.5 percent for transferring money to the savings account, which has been reduced to 2.5 percent.
All types of transactions are possible with the help of PayZapp
PayZapp is HDFC Bank’s own mobile application, with the help of which funds can be transferred to a savings account in one click. Apart from this, you can pay for shopping. With the help of this app, many types of financial transactions including online shopping, flight ticket booking, utility bills, mobile recharge can be done.
Can use it in emergency
If you need funds in an emergency now that HDFC Bank credit card holders can transfer money to a savings account with the help of PayZapp. First download this app, then transfer funds from credit card to PayZapp wallet with no charges. If you transfer funds from wallet to savings account, then one time interest of 2.5% will be charged.
All the work will be done with the help of PayZap Wallet
To transfer funds to the wallet, go to Add money. Enter the amount you want to transfer, select the card and with the help of one click the funds will be credited to your wallet. Now if you want to transfer money to savings account, then click on send money. Then click on Bank Details. Here you have to enter the account details and transfer amount. Then money will be transferred to the account with the help of one click.
