How to withdraw money from credit card through paytm?

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4 answer(s)
Answer # 1 #

I tried this once. Process was simple: 1. Open Paytm AppAdd 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.

[12 Day]
Answer # 2 #

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.

[22 Day]
Answer # 3 #

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.

[7 Day]
Answer # 4 #

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.

[Few Hour]