The credit limit will be restored immediately after the credit card is repaid, so the credit card can continue to be used after the repayment is received.

Generally, repayment is done through the counter/self-service equipment of the credit card issuing bank, which increases the available limit of the credit card in real time. After the repayment is made, it can be directly swiped out. However, third-party platforms, such as Alipay/Lakala, etc., the payment time is It varies according to different banks. For example, for CCB credit cards, it usually takes 1-2 days. The available limit will be increased after the payment is received. Inter-bank repayment may take longer, 3-5 days (depending on the bank). , the account transfer time is also different).

1. Repay online through the banking system (online banking, mobile banking, self-service deposit equipment, counters, etc.). After depositing, the available limit will be restored in real time, and you can swipe your card for consumption immediately, but the deposit has not actually arrived yet. , it usually takes 1-2 days to arrive in your account. If you need to withdraw cash, you must wait until the money arrives in your account.

2. If you repay through an inter-bank or third-party platform, the credit limit may not be restored immediately after the repayment. It may take about 2 days for the repayment to arrive, and then you can use your card to spend or withdraw cash. .

Extended information

The consequences of overdue credit card repayments are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only cause legal disputes, but also bear high penalty interest, and most importantly, Forming a bad credit record will have a negative impact on future work and life.

After defaulting on a credit card with high penalty interest, the penalty fees usually involved are recurring interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.

Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%. In addition, some banks stipulate that within 15 days from the bookkeeping date, the daily interest rate will be calculated at 0.5%, and if it exceeds 15 days, the daily interest rate will be calculated at 10%. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest rate shall be calculated at 0.01%. Fifteen calculations, the longer the arrears are, the higher the penalty interest will be.

Baidu Encyclopedia: Credit Card Repayment