Credit card (debit card) repayment policy changes, and cash advances need to be paid off in one lump sum.
Recently, official website, the Bank of China, issued the Announcement on Adjusting the Repayment Grace Period of Platinum and Above Credit Cards (Debit Cards) and Official Cards, saying that the repayment grace period of Platinum and Above Credit Cards (Debit Cards) was adjusted from the current 9 days to 8 days, and that of Official Cards was adjusted from the current 3 days to 2 days. Titanium and ordinary credit cards (debit cards) will not be adjusted, and the grace period is still 3 days. It is understood that as long as the cardholder pays off the arrears within the stipulated grace period, the bank will regard the cardholder as paying back on time, which will not affect personal credit and will not cause overdue fees.
In addition, the repayment policies of CITIC Bank and Industrial Bank have also changed. Not long ago, two banks successively announced that the cash advanced by credit cards (debit cards) would be settled in full at the end of August, while many banks, such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications, have announced and adjusted the repayment rules of 20 17 and 20 18 cash advanced. A financial manager in Jiangsu said that customers are not advised to pay only the minimum repayment amount, because it is not cost-effective to pay an extra day of interest every night. Customers are advised to live within their means.
Recently, the big four credit cards (debit cards) have also adjusted their charging standards. Wechat charges 0. 1% for each repayment of WeChat credit card (debit card). Alipay provides a free quota of 2,000 yuan per person per month, and the service fee is charged at 0. 1% for the excess. For the reason of charging service fee, the payment institution boils down to the rising cost. According to industry insiders, with the centralized deposit and management of reserve funds, a large number of reserve funds will disappear, and payment service charges will become an inevitable trend.
You can't play "raising cards by cards"
Beware of the stains left by credit records.
In the past, some banks stipulated that only 10% of the cash withdrawal amount of credit card (debit card) was included in the minimum repayment amount. Therefore, the cash withdrawal business of credit card (debit card) once became a good way for many cardholders to solve their urgent needs. Now many banks have shortened the grace period of repayment and adjusted the repayment rules of cash advance. It is generally believed in the industry that the risk of overdue default of credit cards (debit cards) will be reduced to some extent.
According to the annual report data of various banks, the non-performing rate of credit cards (debit cards) in many banks has increased. Therefore, industry insiders said that credit cards (debit cards) are easy for people to over-consume in advance to some extent. In addition, in the process of using credit cards (debit cards), bad behaviors such as cashing out and "keeping cards with cards" are also common. The insiders believe that the adjustment of the prepayment rules of credit cards (debit cards) is mainly from the perspective of risk. In recent years, the overdue balance of credit cards (debit cards) has risen rapidly, so it is urgent to guard against the debt risk of credit cards (debit cards). The measure of canceling the minimum repayment amount of credit card (debit card) in advance is one of the ways for commercial banks to deal with the overdue risk of credit card (debit card).
The account manager of a state-owned bank told me that credit card (debit card) holders must understand the repayment rules clearly to avoid affecting their credit records. In addition to external factors such as policies and banks, credit card (debit card) holders must pay attention to the rational use of credit cards and moderate consumption. Credit card (debit card) overdrafts must be repaid in time to avoid a negative impact on credit records, which will affect subsequent applications for loans such as mortgages and car loans.