As we all know, after spending by credit card, the monthly bill must be paid off before the end of the last repayment date, otherwise late payment or underpayment may be overdue. There are many ways to repay credit cards, three of which must be paid attention to, otherwise it is easy to pit yourself if you use them improperly. Let's have a look.
How to pay back the credit card every month?
In fact, it is very simple to return a credit card every month. First of all, you should know the final repayment time of this month's consumption. After all, different credit card time determines the repayment time.
If you spend money by credit card before the bill date comes out, then the consumption amount is included in the current bill and needs to be repaid before the end of the last repayment date of this month; If you swipe your card after the bill, you will pay the bill next month and pay it back next month.
As for how to repay, you can repay through online banking and Alipay. Or you can bind the debit card to open the automatic repayment function to repay, but it is naturally good to ensure that your repayment amount is not lower than the minimum repayment amount of the current bill.
However, there are three ways to repay the credit card, which is quite pit:
1. Easy overdue automatic repayment:
You may say that the purpose of opening automatic repayment is to avoid forgetting the repayment time and causing overdue. Why is it overdue? This is easy to understand. Although automatic repayment will deduct money from your repayment debit card, the premise is that you have enough money in your card, otherwise the deduction will fail and your voluntary repayment will naturally be overdue.
2. Interest-free excess repayment:
The so-called overpayment means that when you repay, you pay more money. For example, your bill is 2000 yuan, and you have paid back 2 100 yuan. Although excessive repayment can avoid overdue, credit cards are not like savings cards. Not only will it not generate interest, but you may have to pay a handling fee to take out the money, which is quite pit.
3. Interest on the minimum repayment amount:
Many card friends are unable to repay in full. Seeing that the minimum repayment amount is 10% of the bill amount, they think that this repayment method has the least money, so they don't think about the minimum repayment amount. But it will be a big surprise when the bill comes out next month. Besides the principal, you have to pay interest, which is calculated at the rate of five ten thousandths per day from the date of consumption. Always pay the minimum repayment amount, then the interest will be very serious and will be overdue sooner or later.
Summary: After reading the introduction of How to Return Credit Cards Every Month, everyone should know how to return credit cards. When you pay back, you must avoid the deception of the three repayment methods, and it is best to pay as much as you owe. If you can't repay in full, it's best to repay by installments, so that you can enjoy the interest-free period as usual and reduce the repayment pressure.
How to repay the credit card
Method 1: Repayment by the third-party payment platform
Different platforms and banks charge different fees.
Advantages: the repayment methods are diverse and simple, and the choice space is large;
Disadvantages: the account may not be received in time, and there are account security problems; In addition, many third-party repayment methods do not support repayment.
Method 2: Automatic repayment
Automatic repayment of credit card is generally through binding a bank debit card and opening the automatic repayment function, so that the bank can automatically transfer the money on the debit card to the credit card account before the final repayment date of the credit card every month. Automatic repayment methods are divided into full repayment and minimum repayment, and cardholders can choose according to their own needs.
Advantages: it can be repaid in time, and the cardholder does not need to worry about repayment every month.
Disadvantages: In case of insufficient funds on the debit card, the repayment will fail, and then various expenses will be incurred after the deadline.
Mode 3: Online Banking Repayment
Online banking repayment, the cardholder only needs to turn on the computer and log in to the bank account to repay. However, it should be noted that different repayment banks are selected, and the charging standards and the specific arrival time of funds are different.
Advantages: It's simple and easy, and you don't need to go to the bank counter, you just need to repay the money through the computer network.
Disadvantages: there are security problems such as password leakage and account theft; In addition, a certain handling fee will be charged.
Mode 4: repayment by mobile phone
Mobile phone repayment is divided into mobile phone banking repayment and telephone repayment. If you pay by mobile banking, as long as you have a complete debit card, you can log in to mobile banking through your mobile phone, and then transfer money by peer or inter-bank credit card. At present, the five major banks are exempt from handling fees for mobile banking transfer.
In addition, telephone repayment is completed by calling the customer service hotline of each bank. However, when making telephone repayment, the cardholder usually needs to bind the debit card at the bank counter first, otherwise the bank will not support telephone repayment.
Advantages: it is more convenient to repay at any time; Low risk;
Disadvantages: you need to open the mobile phone repayment function at the counter first;
Method 5: Repayment by outlets
Repayment at the bank counter is the most conservative repayment method, which can be received in real time. In addition to the second type, there are also many cardholders who choose ATM machines for repayment. The ATM machine is more convenient than the counter for repayment in time, and the amount control is not accurate enough. Generally speaking, the cash deposited should be more than the repayment amount. If it is an inter-bank repayment, it will not only pay a certain inter-bank transfer fee, but also fail to arrive in real time.
Advantages: the most direct, safe and relatively timely.
Disadvantages: Time-consuming and labor-intensive, limited by bank business hours and outlets. If it is an inter-bank repayment, it will not only pay a certain inter-bank transfer fee, but also fail to arrive in real time.
How to return the credit card?
You can apply for credit card repayment through the following channels:
1. Zhang Yin: Please log in to Zhang Yin APP and click "Credit Card → Repayment" on the homepage to repay your own ABC credit card or someone else's ABC credit card; Click "Credit Card → Repayment → Set Agreed Repayment" to apply for automatic repayment of credit card arrears of ABC.
2. Online Banking: Please log in to personal online banking and click "Credit Card → Repayment → One-click Repayment" to return my credit card debt; Click "Credit Card → Repayment → Agreed Repayment" to apply for automatic repayment of my credit card arrears of ABC; Click "Credit Card → Repayment → Return Others' Cards" to return others' credit card debts of ABC.
Tips: If you need to return his credit card, you can transfer it.
(Answer time: June 25th, 202 1. In case of business changes, please refer to the actual situation. )
That's all about how to pay back the credit card every month.