How to withdraw money from credit card through paytm?
Yes, you can withdraw money from your credit card to your Paytm wallet, but it comes with a cash advance charge and high interest. In Paytm, add your credit card as a payment option and load money into your wallet. Later, transfer that wallet balance to your bank account. Be careful, as banks usually charge 2.5–3% as a fee for this transaction.
I have used it a couple of times during emergencies. What you need to do: - Use Paytm to load credit card money into wallet. - Then move it to your bank. But do note: If your credit card has blocked wallet loads (some banks like SBI restrict it), it won’t work. You may check the official Paytm help page here: https://paytm.com/help.
Honestly, it’s not worth it. I had withdrawn ₹10,000 from my HDFC credit card via Paytm and finally ended up paying around ₹11,200 after all charges. Unless it’s a genuine emergency, don’t try this method.
I tried this once. Process was simple: 1. Open Paytm App → Add Money. 2. Select Credit Card as payment method. 3. Enter amount. 4. Money will reflect in wallet. 5. Then use Send Money to Bank feature. Remember, your bank will treat this as a cash withdrawal, so interest starts immediately, unlike normal purchases.
While technically possible, I would strongly discourage using Paytm to withdraw credit card money. The effective interest rates can cross 40% annually, which is very expensive. If you are short on funds, better to ask your bank for a formal credit card loan or EMI conversion. They cost less in the long run.
I always use Paytm for this, especially when cash crunch hits. The trick is to do it before billing cycle so you get maximum interest-free days. Pay off the card on due date, and you won’t feel much burden.
I use Paytm Business account for vendor payments, and sometimes I load money from my credit card. After that, I send it to my savings account. Works fine for me. Charges are around 2% per transaction.
It depends on your credit card provider. For example, ICICI allows Paytm wallet loads, but Axis has restrictions. Try a small amount first, like ₹500, and see if it works. If yes, then transfer to your bank. Just don’t overuse it.
Yes, but please remember — this is not free cash. Using credit card in such a way is considered cash withdrawal and banks penalize heavily. My suggestion: If you want money from credit card, go for card loan or EMI on call. Much safer.