After using a credit card, you must repay it on time. You can repay your credit card through various channels. Here is a repayment password problem. Many people are asking whether credit card repayment requires a password and which password to enter. Let's have a look.

Do I need a password for credit card repayment?

Credit card repayment requires a password, and the password entered depends on the repayment channel. There are many kinds of credit card repayment, such as ATM repayment, counter repayment, or transfer repayment, and the passwords to be entered are all different.

1, ATM and counter repayment:

This kind of repayment is internal to the bank, and you need to use a credit card, because you pay in cash and lose the transaction password of the credit card.

2. Transfer repayment:

Usually refers to repayment through mobile banking and third-party platforms. , and the passwords to be entered are different.

1) mobile banking repayment, generally by entering the bank card password used for remittance. For example, if you use the bank card bound by China Merchants Bank's mobile banking to repay the Bank of Communications credit card, you must enter the password of China Merchants Bank's bank card.

2) Third-party platform transfers and repays, such as returning credit cards through WeChat and Alipay, and entering the transaction password of the platform.

Which channel should I choose for credit card repayment?

When choosing a channel, we should consider two points, one is the arrival time, and the other is whether to charge.

If you want to get a free and fast account, you can consider the mobile banking of major banks and China UnionPay Express. Third-party platforms such as Alipay and WeChat now charge around 1%, but both platforms have their own free repayment quotas. For example, Alipay has a free quota of 2,000 yuan per month, and WeChat gives a total of 20,000 yuan. There will be a charge when it is used up.