Credit card bank transfer?

nrishiraj

Hi

I want to transfer a fee from my credit card to a business bank account. I pay off my credit card balance of full each month, so I want to benefit from the cash back and protection.

Is this possible?

Thanks for any replies

Paully232000

You want to transfer a balance from your CC to the bank account of a business that you owe money to, and not pay for the good with your CC in the traditional way.

I only ask as I am unsure by what you have written if that is what you mean?

nrishiraj

Paully232000 wrote: »

You want to transfer a balance from your CC to the bank account of a business that you owe money to, and not pay for the good with your CC in the traditional way.

I only ask as I am unsure by what you have written if that is what you mean?

Yes, I have agreed for a service and now have the invoice with the bank account details. Rather than doing a instant transfer from my current account, I would like to pay from my credit card.

Thanks for the prompt reply!

Paully232000

I guess you could (depending on the credit card provider) transfer a balance from your CC to the business, however I wouldn't.
You would have a fee of something like 4% to pay, and, as far as I am aware, you wont have the s75 protection you want, and I don't think you would get cashback either.

If you have to use a CC for this purchase, do it in the normal way, as a purchase.

nrishiraj

Paully232000 wrote: »

I guess you could (depending on the credit card provider) transfer a balance from your CC to the business, however I wouldn't.
You would have a fee of something like 4% to pay, and, as far as I am aware, you wont have the s75 protection you want, and I don't think you would get cashback either.

If you have to use a CC for this purchase, do it in the normal way, as a purchase.

How would the vendor send me an invoice as a purchase? all I have is an document with the amount and bank account details.

Paully232000

nrishiraj wrote: »

How would the vendor send me an invoice as a purchase? all I have is an document with the amount and bank account details.

You would have to phone them and ask do they accept credit card payments.

grumbler

nrishiraj wrote: »

...I want to benefit from the cash back and protection.

If you mean s75 protection and if it's a business transaction, then s75 doesn't apply.