Method 1: Minimum repayment If the full repayment cannot be made, then in order to avoid overdue payment, you can only pay the minimum repayment. The minimum repayment ratio of most banks is 10% of the bill. In other words, a bill of 10,000 yuan will not be recorded as overdue as long as 1,000 yuan is paid. However, if you adopt the minimum repayment, you will not be able to enjoy the interest-free period. All consumption within the billing month will be subject to daily interest of 0.05%. If you only make the minimum payment every month, the interest will be very high in the long run. Therefore, this is a delaying strategy. Once the capital turnover is opened, the repayment must be made in full as soon as possible.
Method 2: Apply for installments. If you feel that the minimum repayment requires interest accrual and it is not cost-effective, you can also try to apply for installments. Divide the monthly bill into 6 or 12 installments for repayment. Although you need to pay a certain handling fee, it is interest-free, there is no risk of interest compounding, and there is no need to worry about overdue payments. The method of applying for installment is also very simple. You can directly call the bank customer service to apply.
Method 3: Find someone to repay it on your behalf. If you are very worried about the handling fees and interest, then the last solution is to find someone to repay it on your behalf. There are many information and advertisements on the Internet about credit card repayments. Cardholders only need to pay part of the handling fee, and the other party can repay the credit card on their behalf. After repayment, the money can be swiped back to the POS machine designated by the other party. However, this method is very risky. First, if you don’t know the other party’s details, you can easily fall into a fraud trap. Second, this approach is suspected of cashing out. Once investigated by the bank, the card will be reduced or suspended, or you may face criminal penalties. Do not try it!
Suggestion: In fact, to put it bluntly, you can ask relatives and friends for help. Pay off the credit card bill first, and then take the initiative to repay the borrower after the capital turnover is opened in the future. This will avoid overdue records and avoid the suspicion of cashing out. It is an emergency measure.