How to repay the credit card after installment?

Banks generally provide an interest-free repayment period of 20-50 days. The repayment due date is 20 days after the bill date, so repayment should be made before the due repayment date.

Credit card repayment method:

1. Online bank transfer: log in to online banking, and use the bank debit card, credit card, current all-in-one or current savings account under your name. Make transfer repayments.

2. Mobile banking transfer: Open mobile banking and easily complete transfers and repayments anytime and anywhere.

3. Bank self-service terminal repayment: You can use self-service equipment such as deposit and withdrawal machines (CDM) or automated teller machines (ATM) to transfer funds to your credit card for repayment; you can also use the integrated deposit and withdrawal machine Use cash self-service repayment machine (CDM).

4. Over-the-counter repayment: Make cash repayment at the counter of a bank outlet or transfer repayment to a credit card account through a debit card, credit card, current savings account, etc.

Extended information

Notes on automatic transfer repayment

First, if the credit card holder has a debit card bound to the agreed account repayment, then in Before the due repayment date, ensure that the associated savings card is in normal condition and the amount is sufficient, and the agreed account repayment will be automatically made when due.

Second, when repaying a linked savings account, the default is to repay in full. If the cardholder intends to repay the minimum repayment amount in each period, he can inform customer service and change the repayment mark when binding.

Third, paying the minimum repayment amount on time will not affect the cardholder’s current credit record, but interest will be charged on the entire bill.

Reference source: Bank of China official website - Bank of China credit card repayment guide

Reference source: Bank of China official website - Explanation of common credit card terms

How to pay off all credit card installments Repayment

After applying for installment with your credit card, you can pay it off in advance by calling the manual customer service.

But there are still some procedures to go through and some processes that need to be clarified first.

First of all, Shanghai Pudong Development Bank’s credit card installments can be repaid in advance, because Shanghai Pudong Development Bank’s regulations on installments have this description:

“Cardholders can go through the credit card center The 24-hour customer service hotline terminates the installment payment that has been successfully applied for in advance, but the remaining principal and handling fees of each installment must be paid in one go; the early termination handling fee and the outstanding principal amount will be included in the minimum amount of the next period's bill at a fixed percentage. The total amount of repayment. The handling fee paid by the cardholder is not refundable.”

So, if one of the cardholders wants to pay off the installment amount in advance, he can do so as long as he pays off the installment amount in advance. You can apply directly by calling the bank's customer service hotline and then transferring to the manual customer service.

However, I Love Card recommends that cardholders use their excess cash for short-term investment, so that they can not only earn back the handling fees, but also eliminate the need to apply for an application, killing two birds with one stone. Early repayment does not waive the handling fee for the remaining installments, so it is not very cost-effective in calculation.

Agricultural Bank of China

The handling fee is collected in installments. Early repayment is divided into partial amount early repayment and full amount early repayment. If part of the amount is repaid early, the repayment amount must be an integral multiple of the principal of each installment, and the amount will be automatically reduced after application; full amount early repayment , the repayment amount is the entire undue installment principal, and the installment will automatically end after the application is successful. After the early repayment application is successful, the cardholder must repay the early repayment amount and the installment fee corresponding to the number of early repayment periods in one go. The installment fee that has been recorded will not be refunded.

Bank of China

The installment fee will be charged once in the first installment and will not be refunded once collected.

China Construction Bank

The handling fee is collected in installments. The cardholder has successfully applied for the bill installment. If he applies for early repayment, he must pay all the remaining principal and handling fees in one lump sum. , the installment handling fee collected will not be refunded.

Bank of Communications

The handling fee is collected in installments. If the installment ends early, the handling fee collected will not be refunded, and the remaining handling fee must be paid in one lump sum.

Shanghai Pudong Development Bank

The handling fee is charged in installments. After the cardholder successfully applies for bill installment, the number and amount of installments that have been applied cannot be changed, and cannot be cancelled. When the cardholder returns the card or cancels the transaction, he must still pay the principal and handling fee according to the bill installment payment business that has been successfully applied for.

Basically, these methods are the current regulations of most banks for early repayment of credit card installment business. In addition, the current lending software on the market, such as Ant Huabei, Ant Borrowing, Huanbei, JD Baitiao, etc., all have the same rules as banks. If you want to repay the installment business on these platforms in advance, you will also have to pay the remaining handling fee.

How to repay credit card installments

After credit card installments, you can automatically repay through mobile banking, third-party payment platforms, ATM machines, bound bank cards, and repay over the counter.

1. Mobile banking. Now all major banks have their own mobile APP. After downloading, you can log in to your account to pay off your credit card;

2. Third-party payment platforms, such as Alipay and WeChat , these softwares all have credit card repayment functions, and you can repay after binding a bank card;

3. To repay at an ATM machine, just insert the credit card directly into the ATM machine, and then deposit money;

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4. Link your bank card to your credit card, and the system will automatically deduct the money from your bound bank card on the repayment date;

5. You can also repay at the counter of a bank outlet To pay, you need to bring your ID card and credit card.

1. What are the advantages and disadvantages of credit card installment repayment?

Benefits:

It mainly relieves the pressure of excessively high bills in a single period. When I owe 10,000 yuan and only have 3,000 yuan on hand, paying it back in several installments will not affect my credit but also relieve the pressure. And it helps to increase the credit card limit. The bank will charge installment fees. It is happy to see users make installments. In order to collect more, it will naturally increase the limit.

If it is to increase the amount, it is not cost-effective to apply for installment if you have money. Although you have more free funds temporarily, it will increase a certain burden.

Disadvantages:

There are handling fees for installment repayment. Different banks have different rates. The longer the period, the higher the handling fees. If you repay in installments over a long period of time, you will find that the handling fees are astonishing. Moreover, this is not conducive to cultivating good consumption habits. Only paying back part of the money every month may lead to more and more debts.

Instalment repayment can be repaid in advance. Generally, users need to actively apply with the bank customer service, but this is not recommended as it has many disadvantages.

1. Why is it not recommended to repay the loan in advance?

The installment handling fee is fixed after the application is completed. I applied for it in 12 installments, so the additional fees for these 12 installments must be paid. No matter how many installments are left and you want to repay in advance, this amount cannot be reduced.

Furthermore, many banks have relevant regulations. Once you apply for early repayment from customer service, the remaining money must be paid off in one lump sum on the next bill. On the contrary, it increases the financial burden, so it is better to repay as agreed.

2. How to make reasonable use of installment repayment

The starting point of installment repayment is to spread the pressure on the cardholder over several installments when the user is temporarily unable to pay off the bill. Therefore, the installment plan is not blindly about the longer the better. It is important to choose the appropriate number of installments based on your actual income to avoid wasting handling fees.

After being unable to repay the money they owe, many people are wandering between the minimum payment and installment repayment, saying whichever is more cost-effective. In fact, it all depends on the user's own situation, such as how much money is owed and how long it will take to pay it off.

1. If you owe less, choose the lowest short-term repayment

If I only owe two or three thousand, and the funds will arrive in a few days, then I don’t want to choose installment payment. . The minimum daily interest rate for repayment is 0.05%, and compound interest is calculated on a monthly basis. For example, if the bill amount is 10,000 yuan, the interest is only about 150 yuan a month. If divided into 3 installments, the interest rate will definitely be higher.

2. How long does it take to pay off the debt in installments?

In the case of long-term economic constraints, it is of course recommended to repay in installments. The minimum repayment is compounded every month. If you don't repay it for one day, the interest will keep piling up.

The interest generated by the minimum repayment in one year is several times the handling fee in 12 installments.

In short, installment repayment itself has advantages and disadvantages. It is recommended to choose the appropriate number of installments to repay when you are unable to repay. It is not recommended to repay in advance.

This is the end of the introduction on how to repay a credit card after installment and how to repay the installment credit card. I wonder if you found the information you need?