How to transfer money from HDFC credit card to other credit card?

Transferring Funds from HDFC Credit Card to Another Credit Card: A Step-by-Step Guide

In today’s digital era, the need for convenient and efficient money transfer has become more important than ever. Transferring funds from an HDFC credit card to another credit card may seem like a daunting task, but it’s actually quite simple when you understand the process.

Understanding the Limitations

Before we dive into the steps, it’s essential to understand that direct credit card-to-credit card transfers are not supported by most financial institutions. This is a security measure to prevent fraudulent activities. However, there’s a workaround that we’ll discuss in this guide.

The E-Wallet Bridge

To transfer funds from an HDFC credit card to another credit card, we’ll use an e-wallet platform as an intermediary. An e-wallet is a digital payment service that allows you to store and transfer funds securely.

Step 1: Choose an E-Wallet

There are several reputable e-wallet platforms available in India. Some of the most popular options include Paytm, PhonePe, and Google Pay. Choose a platform that you trust and that offers the features you need.

Step 2: Load Funds from HDFC Card

Once you’ve created an e-wallet account, link your HDFC credit card to it. You can then transfer the desired amount from your credit card to your e-wallet balance. Most e-wallets charge a small fee for this transaction.

Step 3: Transfer to Recipient Card

Now, you can transfer the funds from your e-wallet to the recipient’s credit card. Enter the recipient’s credit card number and the amount you wish to transfer. E-wallets typically impose a limit on the maximum amount that can be transferred.

Step 4: Verify and Complete

Before completing the transfer, carefully verify the details to ensure you’re sending the funds to the correct recipient. Once you’re satisfied, authorize the transaction and the funds will be credited to the recipient’s credit card.

Conclusion

Transferring funds from an HDFC credit card to another credit card through an e-wallet is a convenient and straightforward process. By following the steps outlined above, you can transfer funds securely and efficiently. Remember to check the e-wallet fees and limits before making any transfers.