New Delhi, April 14 -- With proper handling, paying with a credit card and moving the money into a bank account can be a valuable financial aid. One must understand procedures and consequences of such transactions, whether to pay for unexpected expenses or to balance debt.

In order to guarantee that sound financial choices are being made, this article examines the different options available, associated expenses, and essential factors.

By their mobile banking application or internet banking service, some banks permit transfer of money from the credit card to your bank account. The service operates for particular customer groups while requiring approval in advance.

You are able to withdraw cash from your credit card and then credit it t...