Xiao Nian has received a lot of feedback on playing cards. Many cardholders think that paying off credit cards in advance is beneficial to increasing the credit limit or is safer for the card, or that it can better reflect their own interests. Ability to repay? Another option is to repay the bill before the bill date. Is that better?

That’s not the case! Let’s first talk about early repayment after the billing date. After the bill date comes out, there is a period of about 19 to 25 days before the final repayment date. In other words, repaying the money any day within these 19 to 25 days is considered a normal repayment. Repaying the money on time will not have any impact on your credit. So it doesn’t matter whether paying off your credit card early is safer.

So is early repayment more conducive to raising the limit? There is no direct relationship. First of all, comprehensive factors are considered when raising the limit. The limit will not be raised just because of early repayment. The system only cares about your normal repayment. Moreover, early repayment will shorten the utilization rate of funds and increase costs.

Therefore, there is actually no need to repay the loan in advance after the billing date. In other words, if you use the card normally, you only need to repay it on time before the final payment date. There is no need to repay it so far in advance. Because if you pay in advance or pay on the last day, you will get the same result.

Is it necessary to repay before the bill date?

For a normal card user, it is not necessary. Of course, specific issues need to be analyzed on a case-by-case basis. Repaying before the bill date will reduce the amount of the bill. For example, on the bill date, your bill will be 20,000 yuan. If you repay 10,000 yuan before the bill date, then after the bill date, the bill will only be 10,000 yuan. This can reduce your debt ratio.

Based on what has been said above, whether it is early repayment after the billing date or early repayment before the billing date, there is no need to deliberately do this for normal card use. But what is your situation?

For example: Money is tight and you want to use small money to repay big money. Then you may need to repay in advance and in batches to ensure that the bill is paid off on the final payment date. . If your debt ratio is relatively high and you have to apply for other credit cards or something recently, you can consider repaying before the bill date to reduce your debt ratio. Of course, this will take several months. If you don't have these circumstances, then there is no need to repay the loan in advance, just repay it on time.