1. Repayment before the bill date is a taboo

1. Repayment before the credit card bill date loses the meaning of using the credit card. Many people mainly think that by paying their bills before the date, they can prove their repayment ability and show that they have sufficient funds and can repay at any time. However, the monthly credit card consumption limit is reflected in the credit report, so it is the same even if the payment is made before the bill date.

2. If the repayment is made before the bill date, the cardholder's fund utilization rate will be low, and the bank will think that the cardholder has little demand for the credit limit. If the bank continues to grant a higher credit limit, If the cardholder cannot use it, then the bank will definitely not easily increase the limit of the credit card.

3. For cardholders, it is difficult to calculate the actual amount of debt they owe. For example, this month’s credit card purchases may include cash withdrawals, and the cardholder may need to be added. If the various interest charges incurred in the previous period are not calculated accurately, the cardholder may think that the money has been paid off, but the bill will still show the amount in arrears.

2. Credit card

Credit card, also called credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. 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.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

3. Credit card repayment methods

1. Repayment within the issuing bank

This method includes: card issuing bank counter, ATM, online banking, automatic transfer, Telephone banking repayment, etc.

2. Weiyintong POS mobile phone

Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. , instant payment.

3. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places.

4. Online repayment

The more common domestic online platforms include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Xinpaytong repayment

The "Xinpaytong" smart card swiping phone was independently developed by China UnionPay, certified by the Bank Card Testing Center, and approved by the China UnionPay inter-bank information exchange network Providing innovative electronic products supported by financial services.