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.

Usually 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 After the repayment is made, it can be withdrawn directly.

But third-party platforms, such as Alipay/ Lakala, etc., the arrival time varies according to different banks. For example, with CCB credit card, it usually takes 1-2 days. The available limit will only increase after the payment is received. The arrival time of inter-bank repayment may be longer, up to 3 days. -5 days (the account transfer time varies depending on the bank).

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Notes on credit card repayment:

1. When swiping a credit card online, you must clearly see the arrival time and the credit card used by the user to pay after online shopping. , but after receiving the goods, they have to return the goods. When the return money is received, they take it for granted that they can pledge the repayment of the current month, which leads to overdue repayment. In fact, credit card refunds will be calculated into next month's bill, so cardholders must see it clearly.

2. The minimum repayment interest is high, so it is better to repay in installments. After swiping a card for consumption, many people will choose the minimum repayment in the current bill. However, the minimum repayment does not enjoy interest-free repayment, and an interest of 0.05% is charged. Although it is not much, the fees will be very high after a long time. Compared with the cost, installment is more cost-effective.

3. For automatic repayment, you must be clear about the card issuer’s deduction time. If wages are not received in time or the deduction period has exceeded, it will cause overdue payment, so cardholders must ensure that the card’s balance is overdue. of sufficient funds.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered, which is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. Moreover, many people do not set passwords on their credit cards, and carelessly discarding the credit card credentials may lead to credit card theft.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

3. Reduce cash withdrawals

Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use a credit card to withdraw cash or use it as a passbook.

4. Choose the right credit card

The choice of credit card is very important. Nowadays, many commercial institutions have bundled cooperation services with banks. For example, you can apply for a joint name between a department store and the corresponding bank. With a credit card, you can spend points here as a member and get discounts; or some cards can provide discounts at designated merchants, including dining, movies, towing services, etc. There are various categories, and you can choose freely according to your needs. Credit cards should be used wisely and chosen wisely.

5. Use your credit card as much as possible within the maximum limit for credit card consumption

Every credit card has a limit. If you use your card within this maximum limit, you are safe. So, within this controllable range, please swipe as many cards as possible. Because a credit card is like when you buy something, the bank will pay you first, so why not? Just pay it back to the bank on time on the repayment date. On the one hand, it is more convenient to consume, on the other hand, it can also accumulate credit, and the bank can also charge merchants fees from your card swiping amount, which is a win-win situation.

6. Don’t repay until the repayment date

Use the last repayment date to earn more interest. After all, the money is placed in your own account, and the interest generated is also yours, so Make full use of the opportunity of money in your hands to make it generate more money. In addition, if you are unable to repay due to some special reasons on the repayment date, please call the bank's credit card customer service hotline to explain the situation and request a delay in repayment. 1 to 2 days, usually this situation will be allowed.