Usually, credit cards come with a lot of features that you can use in need. Most of these benefits are related to cash withdrawals, purchases, and transactions. To help you save from the shortage of money or cash-related problems features like a cash advance and transfer of balance from your credit card to your bank account.
Transfer of balance is something that allows the credit card holder to send or transact money from the credit card to an account. Most credit cards are accepted globally, which makes it easier to make international transactions as well.
A credit card is a tool specially designed for payments or transactions and is a very convenient way at that. Credit cards have many ways through which they can satisfy your needs to make transactions such as merchant transactions, balance transfers from card to the account, wallet refills, EMIs, etc.
However, even if you can use a credit card in lots of places, there are certain areas where credit card payments are not accepted. Areas, where credit cards are not accepted, are payment of car loans, payment of home loans, paying credit cards bill, etc.
So yes you can transfer money from an ICICI Credit Card to a bank account however, you cannot make certain payments. Credit cards have given people a lot of freedom in using money however they want to use it. The credit card industry is getting very diversified when it comes to places credit cards can be beneficial. Credit cards just do not allow transactions, they help you get some complimentary benefits as well.
Various categories of credit cards such as travel, shopping, fuel, beginners, premium, super- premium have given people from every category to fulfill their needs. This financial tool comes with a lot of outstanding benefits, shaping every card differently from the others.
