1. Avoid overdue payments by paying the minimum repayment

After each issue of a bank credit card statement comes out, there will be a full repayment amount and a minimum repayment amount, so this minimum repayment amount What exactly is the payment amount? The minimum repayment amount means that if the cardholder has difficulty repaying all the amount due before the due payment date (inclusive), he can repay according to the minimum repayment amount specified by the card issuer, but he cannot enjoy the interest-free repayment period. , the minimum repayment amount is 10% of the consumption amount plus other various payables.

The minimum repayment amount is generally 10% of the bill amount. To put it bluntly, you don’t need to repay the full amount of the bill, you only need to repay 10%. The bank will consider you to have repaid the bill on time, it will not be overdue, and it will not be included in the People’s Bank of China credit system.

2. Make bill installments to delay repayment pressure

If your credit card cannot be repaid, there is a better way, which is to make bill installments. When each issue of the bill comes out, the bank will usually send a text message with the bill installment. The standard interest rate for the bill installment is 0.75%, and the handling fee is 75 yuan per month for 10,000 yuan. Moreover, banks often launch promotions that offer discounts on bill installment fees. However, it is worth noting that the bill installment must be processed after the bill comes out and before the repayment date. It cannot be processed after the time.

An additional benefit of bill installment is that it helps to increase the credit limit of credit cards, because bill installment is one of the important sources of bank profits. Bill installment contributes a certain amount of handling fees to the bank. Generally, banks Extra attention will also be paid to credit card limits.

Main Features of Credit Cards

Pre-deposit of cash is not encouraged. Spend first and repay later. Enjoy an interest-free repayment period. You can repay in installments (with a minimum repayment amount). Join VISA , Master Card, JCB and other international credit card organizations so that it can be used globally.

It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.

Has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards.

It is a high-tech product integrating financial business and computer technology.

Can reduce the use of cash currency.

It can provide settlement services to facilitate shopping and consumption and enhance a sense of security.

It can simplify the collection procedures and save social labor.

It can promote product sales and stimulate social demand.

Credit card repayment methods

The methods within the card issuing bank include: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

WeiBank POS mobile phone and WeiBank Tong POS mobile phone are a mobile financial system personal payment terminals that can be used to directly repay by swiping cards, as well as perform transfers and other services. Instant payment!

Transfer/remittance repayment is mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

The more common domestic online platforms for online repayment include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

This method of convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. Generally, the payment time takes 2 to 3 working days. At the same time, using this There is no handling fee for repayment.

Counter repayment counter refers to bank cards issued by various networked financial institutions, which can be used to conduct RMB current deposit and withdrawal transactions through the counters of other bank branches registered in the UnionPay exchange center host system.

The "Xinpaytong" smart credit card phone for repayment is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center, and supported by financial services provided by China UnionPay's inter-bank information exchange network.

Use "Repayment Tong" to make repayments, and the fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

Other methods In addition to the methods mentioned above, card issuers have also opened their own unique repayment methods in order to facilitate cardholders' repayment.