Can I repay the credit card at any time after the minimum payment?
As long as there is an amount to be repaid on a credit card (credit card), you can repay it at any time, regardless of whether there is a bill or not. The bank will not limit the time for users to repay in advance, as long as the user does not repay overdue. After selecting the minimum repayment, the unpaid amount will accrue interest on a daily basis, and users will not be able to enjoy the interest exemption service.
If you choose to repay in full, you can enjoy the interest-free service, but the repayment pressure will be greater, so users should choose an appropriate repayment method based on their repayment ability.
Can I pay off my Bank of Communications credit card at any time?
Yes, the Bank of Communications credit card can be repaid at any time. The process is as follows:
Credit card repayment must first be bound to your debit card, and then the corresponding amount must be transferred before the repayment date. Deposit to debit card. The specific credit card repayment method and period after binding the debit card are as follows:
Repayment method
Repayment through our bank’s channels:
Our bank’s debit card Automatic repayment
Self-service repayment by our bank’s debit card (online banking, mobile banking, telephone banking)
Repayment by electronic transfer of our debit card
Automatic inter-bank repayment from other banks’ debit cards
Inter-bank self-service repayment from other banks’ debit cards (online banking, mobile banking)
Cash repayment at our bank’s business outlets
p>Cash repayment from our bank's automatic deposit machine
Repayment from third-party payment platform:
Quaiqian repayment
Alipay repayment
p>Tenpay repayment
[Lakala] Inter-bank transfer repayment of equipment
[National Pay] Inter-bank transfer repayment of equipment
Others Repayment through channels:
Inter-bank transfer and repayment via UnionPay ATM machine
Repayment through electronic transfer via other bank’s debit card card
At other bank’s debit card network counter Transfer repayment
Extended information:
Interest regulations
For non-cash transactions (cash advance or transfer), Bank of Communications shall pay from the bank’s accounting date to The period between the payment due dates is the interest-free payment period. The interest-free repayment period is as short as 25 days and as long as 56 days. During this period, as long as you pay off the current period's repayment amount (total amount owed) in full on the current statement, you will not have to pay any interest on the funds advanced by the bank to the store for non-cash transactions (cash advances are not eligible) Interest-free offer).
The minimum repayment amount means that if the cardholder has difficulty repaying all the amount payable before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the card issuer, but he cannot Enjoy the interest-free repayment period, and the minimum repayment amount is 10% of the consumption amount plus other various types of payables. The minimum payment is listed on the current bill.
The minimum repayment amount is calculated as follows:
Minimum repayment amount = 10 consumption balance 10 cash withdrawal balance interest balance other payable fees balance unpaid portion of the minimum repayment amount in the previous period
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Bank of Communications adopts the revolving credit interest calculation method. Revolving Credit: A revolving credit is a small, unsecured loan with daily interest. You can decide the repayment amount according to your own financial situation every month before the due date of the current credit card bill.
When the amount you repay is equal to or higher than the minimum payment amount of the current bill, but lower than the amount due in the current period, the remaining deferred payment amount is the revolving credit balance. Revolving credit is a very convenient loan tool that not only allows you to enjoy the convenience of swiping a credit card, but is also a good choice for easy financial management. If you choose to use revolving credit, you will not be able to enjoy the interest-free repayment period in the current period.
Revolving credit interest rate:
The revolving credit interest rate is uniformly stipulated by the People's Bank of China, with a daily interest rate of 0.05% and compound interest calculated on a monthly basis.
Interest calculation for revolving credit:
Each consumption amount in the previous statement is the interest-bearing principal, from the date the account is recorded until the account is paid off The end of the day is the number of days for interest accrual, and the daily interest rate is 0.05%. Interest on the revolving credit will be shown on your next bill.