Is it legal to deposit wages into a credit card?

Legal. If it is a China Merchants Bank credit card, the cash advance limit is set according to your card usage. It is included in the credit limit of the credit card. The total amount of cash withdrawals generally does not exceed 50% of your credit limit (youth) YOUNG card can pre-borrow 100%), please call the credit card 24-hour customer service hotline to inquire about the specific limit. In addition, according to the relevant regulations of the People's Bank of China, the cumulative daily cash advance amount of each domestic card shall not exceed ￥

2,000 yuan;

The cumulative daily cash advance amount of each overseas household No more than the equivalent of US$1,000. The cumulative value within 1 month does not exceed the equivalent value of US$5,000. The cumulative value within 6 months does not exceed the equivalent value of US$1.

< p>10,000 USD. Cash advances will incur corresponding fees and interest. Handling fee: The handling fee for domestic RMB cash advances is 1% of the amount of each cash advance. The minimum charge is RMB 10 per transaction. The handling fee for overseas (including Hong Kong, Macao and Taiwan) cash advances is 3% of the amount of each cash advance. To calculate the handling fee, the minimum charge is ￥30 yuan or US$3 per transaction; interest: cash advance transactions do not enjoy interest-free repayment treatment, and interest will be charged at a daily interest rate of 5/10,000 from the transaction date until the repayment date. Compound interest is calculated monthly.

Can I use a credit card for my salary card?

It can be a credit card, but there is no way to withdraw the salary to the credit card. There will be a handling fee if you withdraw it. It is best not to set it as a credit card.

The difference between credit card and debit card:

1. Consumption method: Credit card can consume first and then repay, while debit card deposits first and then consumes. The order of deposit and consumption is directly determined. In addition to the nature of credit cards and debit cards, this is also the biggest difference between credit cards and debit cards.

2. Application method: The threshold for applying for a credit card is relatively high, and the requirements for the cardholder’s credit record, income level, repayment ability, personal situation, etc. are relatively high. It takes more than ten days after the application is submitted to get the application. result. There is almost no threshold for applying for a debit card. As long as you provide your identity document, you can complete the application and get the card in real time.

3. Annual fee standard: The annual fee for credit cards is relatively high, and the annual fee gap between different types of cards is also large. Annual fees for most savings cards are cancelled.

4. Impact on personal credit: Since the debit card does not have an overdraft function, every expenditure and consumption incurred through the debit card is your own money and has nothing to do with the bank. Credit cards are different. Each credit card has a billing date and a final payment date every month. If the cardholder repays overdue, a bad credit record will be generated, which will affect the cardholder's future mortgage, car loan, study abroad loan, etc. Apply.

5. Security: In order to ensure the security of credit cards, banks have taken many measures, including 24-hour monitoring of cardholders’ card transactions, consumption patterns with passwords + signatures, etc., and the security of debit cards Sexuality is relatively weak.

What are debit cards and credit cards?

1. Savings card: its main function is savings deposits. Cardholders can realize card consumption, ATM cash withdrawals, etc. through the electronic payment network established by the bank and the magnetic stripe reading and manual password input of the card. For functions such as transfers and various types of payments, expenses incurred through the card are equal to the reduction in the balance of the savings account. The account balance is zero and the card's payment function is reduced to zero.

2. Credit card: Credit card has all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Can a credit card be used as a salary card?

Yes, but it is best not to use it as a salary card, because salary cards are generally savings cards, not credit cards. Because depositing wages into a credit card will result in overpayment, and withdrawal and transfer of overpayment generally require a handling fee. This is not necessary for a savings card, because the savings card itself is mainly used for savings deposits. Moreover, the annual fee of a credit card is relatively high, while the annual fee of a debit card is very low, usually only 10 yuan. Therefore, savings cards are more suitable as salary cards.

Credit card

Credit card refers to an electronic payment card issued by a commercial bank or other financial institution that has all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. .

Credit card is a non-cash transaction payment method and a simple credit service; consumers with credit cards can go to a special commercial service department to shop or consume, and then the bank will settle the payment with the merchant and cardholder. The cardholder can Overdraft within the prescribed limit.

Credit cards refer to credit payment instruments issued by the People's Republic of China and various commercial banks within the country (including foreign-funded banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and entities.

Article 3 of the "Credit Card Business Management Measures" The term "credit card" as mentioned in these Measures refers to all commercial banks (including foreign-funded banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) within the territory of the People's Republic of China and the People's Republic of China. Credit payment instruments issued by individuals and entities. Credit cards have functions such as transfer settlement, cash deposits and withdrawals, and consumer credit.

Disadvantages of mutual repayment between credit cards:

1. Loss of money. Several credit cards repay each other, which is actually done with the help of credit card repayments. You also need to pay through a third party. If this third party is unreliable and runs away with the money, the money that was swiped away will not be returned.

2. Information leakage. There is also the problem of unreliable third-party payment, which may cause the leakage of credit card information and personal information, creating the risk of being stolen. If it is stolen, you will have to admit that you are unlucky and the bank will not be held responsible.

3. Loss of credit. Credit card agency is still an act of cashing out. If the bank thinks there is a risk of cashing out, it is a trivial matter to reduce the credit card limit. If the card is blocked or recorded in the credit record, it will be troublesome. When you want to apply for a credit card or loan in the future, it will not be easy to get approved.

4. Bear legal responsibility. Cashing out on a credit card is illegal and you will be held legally responsible and may even go to jail. This situation actually happens, so it's best not to take any chances.

Can a credit card be used to pay wages?

You can, but no one will do it. When your salary is credited, the balance on the card will be automatically deducted. There will be no interest on the extra money placed on the credit card. There may also be a handling fee if you want to withdraw it.

If the salary is paid to a credit card, will it be paid to the credit card?

If you provide a credit card for salary payment, the salary will naturally be transferred to your credit card, which is equivalent to paying off the bill. Once deposited, it cannot be withdrawn for use. It is best not to use a credit card for salary payment. Some companies generally issue The salary is transferred to the Ping An Bank debit card.

Warm reminder: The above explanation is for reference only. You can consult your company's financial department for details. Ping An Bank will review the user's name and account bank information before receiving the payment. If there is no matching information, it will be processed as a remittance. Route back the way it came.

Response time: 2021-12-24. For the latest business changes, please refer to the official website of Ping An Bank.

Can wages be transferred to a credit card?

Because the credit card has the function of depositing and withdrawing cash, it can be transferred to the credit card.

Salary refers to the remuneration paid by the employer or statutory employer in the form of currency to employees for their labor in accordance with legal provisions, industry regulations, or in accordance with agreements with employees. Wages can be calculated in different forms such as hourly salary, monthly salary, annual salary, etc. In China, the following expenses borne by the employer or paid to employees are not wages: (1) Social insurance fees; (2) Labor protection fees; (3) Welfare fees; (4) One-time compensation paid when the labor relationship is terminated expenses; (5) family planning expenses; (6) other expenses that are not wages. In political economy, wages are essentially the value or price of labor power. Wages are an important part of production costs. The legal minimum wage is called the minimum wage, and wages can also be divided into various categories such as pre-tax wages, after-tax wages, incentive wages, etc. In political economy, capital is essentially the value or price of labor power.

This is the end of the introduction about credit card payments and whether wages can be paid to credit cards. Have you found the information you need?