Among the principal and supplementary credit cards, should the principal card repay the money spent? Or pay the bills separately?

Repay the debt with the main card or the supplementary card; there is no need to pay the debt separately. For the main credit card and the supplementary card, the money consumed will be counted into the main card account. When repaying, both the main card and the supplementary card can be repaid.

All transaction amounts and corresponding interest, fees, etc. of the supplementary card will be credited to the main card account, and the main cardholder shall bear all repayment responsibilities; the main cardholder and the person with full capacity for civil conduct shall Supplementary cardholders are jointly and severally liable for repaying the amounts owed to the bank. Supplementary cardholders with limited capacity for civil conduct are only responsible for repaying debts incurred by the supplementary cards they hold.

Supplementary cards are relative to the main card. Each main cardholder who opens a credit card can apply for an additional card for other natural persons with full capacity for civil conduct, or natural persons with limited capacity for civil conduct who are over 13 years old (applicants for supplementary cards who are under 18 years old must obtain the consent of its legal representative).

Extended information:

Each main credit card can apply for up to two supplementary cards (the bank can stipulate it independently). The main cardholder has the right to request the cancellation of his supplementary cards. The credit limit of the supplementary card is designated by the principal cardholder on the premise that it does not exceed the credit limit of the corresponding principal card; if the principal cardholder does not specify it, the credit limit of the supplementary card is the same as that of the principal card.

All transaction amounts and corresponding interest and fees of the supplementary card will be charged to the main card account, and the main cardholder shall bear all repayment responsibilities. However, the principal cardholder and the supplementary cardholder are jointly and severally liable to each other for repaying the amounts owed.

Reference: Baidu Encyclopedia_Supplementary Cards

The difference in repayment between the primary and secondary cards of a credit card (credit card)

The primary and secondary cards of a credit card (credit card) The difference in repayment is that the primary card can repay the bill amount of the primary card + secondary card, while the secondary card can only repay the bill amount of the secondary card. Even some banks' supplementary cards cannot be repaid separately. On the billing date, the supplementary card's bill will be debited to the main card's bill. This requires the main card to return both the main card and the supplementary card when making repayment. bill.

The secondary card supports separate repayment, so the secondary cardholder can deposit the pending repayment amount of the secondary card into the secondary card for repayment, so that the primary cardholder does not have Huge repayment pressure.

The credit card repayment has been paid to the secondary card. Do I still need to continue to repay the main card?

Different banks have different regulations.

In most cases, you need to check whether the accounts of the primary card and the secondary card belong to the same account.

If it is the same account, you only need to pay back to one of the cards. But if the accounts of the main card and the secondary card are counted separately, then the two cards need to be repaid separately.

Like the main card and supplementary card of China Merchants Bank, the accounts are generally calculated together. However, the accounts of the main card and supplementary card of Bank of China are generally calculated separately. It is recommended to call customer service for consultation.

Extended information:

The consequences of overdue credit card repayment are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is that it has an overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only cause legal consequences, but also bear high penalty interest. The most important thing is A bad credit record will be formed, which will have a negative impact on your future work and life.

Consequences of overdue credit card repayment 1

Bear high penalty interest After a credit card defaults, the penalty interest 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 it will start 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 accounting 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, , calculated based on the daily interest rate of 15/10,000. The longer the arrears are, the higher the penalty interest will be.

For example, assume that Ms. Li’s bill date is the 10th of each month, and the final repayment date is the 28th. She spent 10,000 yuan on June 11, and on July 28, Ms. Li’s funds appeared. I was nervous, so I paid the minimum repayment amount of 1,000 yuan first. Then the recurring interest fee on the bill on August 10 was:

10,000 yuan × 0.5‰ × (July 28 ~ June 11 )+(10,000 yuan~1,000 yuan)×0.5‰×(August 10~July 28)=293.5 yuan.

If the cardholder fails to repay even the minimum repayment amount, in addition to recurring interest charges, there will also be a late payment fee calculated at 5% of the unpaid portion of the minimum repayment amount.

If Ms. Li only repaid 500 yuan, the late payment fee is (1,000 yuan ~ 500 yuan) × 5% = 25 yuan. In this case, the recurring interest fee will rise to 296.75 yuan, and Ms. Li’s penalty interest for that month totaled 321.75 yuan.

Consequences 2 of overdue credit card repayments

Legal + Violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies" , these companies are mixed, and their debt collection methods are relatively rough, causing great trouble to customers.

Not only that, defaulting customers may also face legal ++. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, criminal liability may also be pursued for the crime of ++.

For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which is even worse. .

Three Consequences of Overdue Credit Card Repayment

Leaving "credit stains" in the national credit reporting system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. If you apply for a card or take out a loan at a bank, your own "credit report" will be automatically generated in the system.

The "stains" in this report cannot be ignored. It will affect applications for various loans, insurance, job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years.

In November 2012, the central bank’s new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.

Warm reminder: As an emerging payment method, credit card is also the simplest daily financial management method for consumers. Although overdraft consumption can reduce the financial pressure of daily consumption of cardholders, if the cardholder does not manage it properly or Without good financial management concepts, it is easy to end up with a mountain of bills and become a card slave.

The editor here recommends that consumers be careful when using credit cards to pay off credit cards when the bill pressure is too heavy. They can apply for installment payment from the bank or apply for delayed repayment, extension of installments, etc. pressure, and at the same time, you should promptly reflect on whether your consumption patterns are healthy and reasonable.

In April 2016, the central bank issued the "Notice on Matters Concerning the Credit Card Business", which increased the market pricing attributes of credit cards and made credit card rights more diversified. The most important point is that liquidated damages are no longer compounded.

Reference material: Baidu Encyclopedia-Credit Card Repayment

This is the introduction to the separate repayment of the primary and secondary credit cards.