Currently, automatic debit card binding with a credit card across banks is an ideal choice for cardholders. However, the repayment limit set by some banks may result in repayment failure, which deserves the attention of cardholders. In addition to inter-bank debit cards, bank monetary funds can also be bound to credit cards for automatic deductions - not only earning fund income, but also automatically repaying the funds. Among the many credit card repayment methods, this innovative method is the first choice for cardholders.

(1) There is an upper limit for automatic repayment of inter-bank debit cards. "There is 100,000 in the savings card, 70,000 has been swiped on the credit card, but only 50,000 has been deducted for the automatic repayment of the credit card. What's going on?" Recently? , Mr. Jiang encountered a strange thing: in order to save trouble, he applied for the automatic repayment service of binding a credit card with a debit card from another bank. It stands to reason that a credit card should automatically transfer the deposits from other banks' debit cards for repayment on the last repayment date. In fact, the credit card failed to repay when the debit card balance was sufficient! It turns out that the issuing bank of Mr. Jiang's credit card stipulated that, There is an upper limit of 50,000 yuan for a single deduction for bound inter-bank debit cards. This is a "capital limit" regulation, which blocks the debt that should have been transferred to the credit card. It is understood that currently, credit cards from banks such as Bank of Communications, Ping An, China Everbright, Shanghai Pudong Development Bank, CITIC and Minsheng support inter-bank automatic repayment. However, the above-mentioned bank credit cards support different debit card issuers and have different repayment limits. For example, the debit card banks supported by Everbright Bank are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank, China Merchants Bank and Industrial Bank. Since the amount that can be repaid is subject to the balance transfer limit of the debit card issuing bank, among others, Bank of China and Industrial Bank debit cards have a maximum single deduction limit of 50,000 yuan, and automatic repayment cannot be made if it exceeds 50,000 yuan. Other banks have no repayment cap. "Some debit card banks set an upper limit on the maximum amount of a single deduction for credit cards bound to inter-bank automatic repayment, while some banks do not set an upper limit. Customers should pay attention to this detail." said a staff member of the credit card center of a joint-stock bank. In addition, he also reminded cardholders who consume foreign currencies to ensure that their cards have the "automatic foreign exchange purchase and repayment" service enabled to ensure timely and full repayment of their credit cards.

(2) Banks bind credit cards for repayment and bind credit cards to debit cards for automatic repayments. Although it is convenient, it leaves cardholders with regrets - the repayments reserved in the debit cards The amount of the payment can only accrue interest according to the current interest rate. If you can use a monetary fund to bind a credit card for repayment, you can earn fund income during the interest-free period of the credit card and enjoy the automatic repayment of the monetary fund. Isn't it killing two birds with one stone? The financial management of the above-mentioned cardholders The dream seemed to come true. It is understood that ICBC, Bank of Communications and China Guangfa Bank have launched the function of automatically linking monetary funds to credit card repayments, allowing cardholders to maximize fund income while ensuring timely repayment of credit card debts. ICBC Cash Bao launched by ICBC and ICBC Credit Suisse Funds is one of them. Herald reporters logged into the official website of ICBC Credit Suisse and experienced that they can handle this business by clicking on "Online Transaction Center - Make Repayment Settings - Sign Agreement" and other steps. So, how much more income can you earn by choosing automatic linked repayment with a commodity fund than putting the reserved money in a current account? The Herald reporter cited yesterday’s seven-day annualized rate of return of 4.479 for ICBC Cash Bank, the longest credit card interest-free period of 56 days, and the credit card debt Taking a loan of 5,000 yuan as an example, I did some calculations and found that the income from the automatic linked repayment during the interest-free period was more than 30 yuan more than the current interest. “Currently, Cashbao only supports credit card repayments from our bank, and non-bank cards are not currently supported,” a staff member from ICBC Credit Suisse added. Bank of Communications, Guangfa Bank and E Fund Company jointly launched Kuaiyitong and smart gold respectively, which are similar to ICBC Cash Bao. Cardholders can bind the goods-based products to their credit cards, set the repayment amount, and enjoy the fund income. "The prerequisite for handling this business is that both the cash base and the credit card are bound to the same savings account of the bank." said a staff member of China Guangfa Bank.