How to repay multiple Bank of Communications credit cards? These methods are free

Bank of Communications credit cards are very rich, each with its own unique rights and interests. For this reason, many cardholders have applied for multiple Bank of Communications credit cards and started to worry when repaying the loan, because more than A card has consumption. So, how to repay multiple Bank of Communications credit cards? Let’s take a look below.

How to repay multiple Bank of Communications credit cards?

Although Bank of Communications has multiple credit card limits, the accounts are independent. Each card will issue a separate bill after consumption, which requires everyone to remember the amount of repayment for each card. Then repay the amount to the corresponding credit card. If you repay it to another card, it may be overdue.

One thing to note here is that if you apply for a primary card and an additional card, the account after using the additional card will be credited to the corresponding primary card, and you only need to repay the money into the primary card account. Yes, supplementary cards do not need to be repaid separately.

By the way, we will introduce several free repayment methods for Bank of Communications credit cards

1. Repayment on the Payout Bar APP: It supports binding debit cards of multiple banks, and then transfers to Bank of Communications credit card repayment, in addition to zero handling fees, can also be credited quickly;

2. Automatic repayment by binding a card: You can bind a Bank of Communications credit card to a Bank of Communications or other bank debit card and activate automatic repayment. With the repayment function, the system will automatically deduct the payment on the repayment date. As long as you make sure there is enough money in the debit card, you don’t have to worry about forgetting to repay.

3. Repayment through other bank channels: Commonly used mobile banking and cloud QuickPass APPs of various banks are all available for free repayment, and can be credited to the account in real time as soon as possible.

The above is the relevant introduction to "How to repay multiple Bank of Communications credit cards". I hope it will be helpful to everyone.

What are the repayment methods for holding multiple Bank of China credit cards?

Repayment method for holding multiple Bank of China credit cards:

If you hold multiple Bank of China main credit cards, please repay the corresponding amount according to the repayment amount shown on each card statement.

Warm reminder: If you have multiple credit card accounts, you can activate the combined repayment function, except for business card accounts. After activating this function, you only need to make repayments in any RMB account under your name to repay all outstanding balances in the RMB account and foreign currency account under your name.

The above content is for your reference, please refer to actual business regulations.

How to use multiple credit cards for recurring repayments

Several credit cards are used to repay each other, also known as using cards to support cards. This can only be used to relieve stress at special times. It is not recommended to use it frequently. It may easily cause the risk of overdue payment and increase your own burden. The principle of this operation is as follows:

Suppose you have three credit cards. If you want to repay each other with several credit cards, it is best to stagger the repayment dates of these three credit cards. For example, the repayment date of credit card A is set to the 2nd of each month, the repayment date of credit card B is set to the 17th of each month, and the repayment date of credit card C is set to the 1st of each month.

When credit card A reaches the 2nd, it needs to repay 5,000 yuan. The cardholder can use credit card B to withdraw 5,000 yuan in cash to repay credit card A; when the 17th comes, credit card B needs to repay the cash withdrawal amount of 5,037.5 yuan plus interest. Yuan, the cardholder can use C credit card to withdraw 5,037.5 yuan in cash to repay B credit card. In this way, cardholders do not need to use their own funds to repay each other through several credit cards, and can ensure that several credit cards are not in debt and will not affect the revolving credit.

But based on this principle, it can also be seen that although it is possible for several credit cards to repay each other, the more times and the longer the turnover time, the more expensive the interest that needs to be paid.

This repayment method may only save you the monthly compound interest charged by borrowing cash from a credit card and then repaying it. The daily interest is actually accumulated day by day. Moreover, the general bank's credit card cash advance service charges a handling fee and has a limit, so the operation is relatively complicated. Therefore, if there is no special need for emergency, it is recommended not to adopt this method.

How to repay multiple credit cards of China Merchants Bank? It is important to clarify the order in which repayments are credited

China Merchants Bank’s credit card is relatively easy to apply for, and the card types are very rich, attracting many friends to apply for one after another, but they may not know when it comes to repayment How do I repay it? Do I just need to pay off one of the cards, or do I have to pay off each card separately? Here we will introduce the repayment matters for multiple credit cards of China Merchants Bank.

1. How to repay multiple credit cards of China Merchants Bank?

This is mainly determined by the credit card account, which can be roughly divided into two types of cards, one is a personal credit card account and the other is a separate account.

1. Personal credit card account:

Name all ordinary credit cards including supplementary cards. In this case, no matter how many credit card purchases are made, a total bill will be issued directly. When repaying, just pay back to any credit card. Even if some of the credit cards are canceled or expired, you can still receive the repayment.

2. Separate account:

Usually refers to some special card types, such as installment cards and merchant cards. These are opened separate accounts and must be processed separately for the corresponding accounts. Repayment.

2. How to record China Merchants Bank credit card repayments?

If you have made purchases on multiple credit cards under your name, and the forms of consumption are different, and the bills come out in different situations, you need to figure out the order in which the repayments are credited.

1. Repay the outstanding bill balance first, and then repay the outstanding bill balance;

2. The repayment amount is calculated based on the annual fee, interest, fees, and advance loan. The cash principal, transfer transaction principal, and card consumption principal are used to repay the accounts item by item.

Example: The bill date is the 5th, what is the bill amount on 4/5? 3000, consumption on 4/7? 1000, cash withdrawal on 4/8? 2000 (cash withdrawal fee? 20, cash withdrawal interest is included in 5/5's bill), 4/10 wants to pay off the cash withdrawal, what amount needs to be repaid at this time =? 3000? 2000? 20=5020

How to pay off too much credit card debt? Teach you how to operate it step by step

When you have an urgent need in life, it is good to have a credit card in your hand. In addition to overdraft consumption, you can also withdraw cash for emergencies. But credit cards are easy to use and try not to overdraft a lot, otherwise it will be very troublesome if you don't choose the right repayment method. So, if you owe too much on your credit card, how can you repay it properly? Here are some tips for you.

How to pay off too much credit card debt?

1. If you owe too much on your credit card and have sufficient funds, you can choose to pay it off in one go, so that you have no worries. If you really can't repay in full, see if you can reduce the repayment pressure through installments and minimum repayments. The important thing is to avoid overdue payments.

2. If you don’t have the money to repay the loan, and you can’t make the installment or minimum repayment, confess it to your family before the repayment date expires, and see if you can repay it with the help of your family; or find someone to help you repay the loan. Relatives and friends borrow money to repay. No matter how you do it, as long as you can raise the money to repay, don't use loans to support loans or cards to support cards. Removing one thing to pay for the other will only make the debt pile up.

3. If you owe too much and cannot borrow the money to repay, you really have no way to overdue it, so you must raise money to repay it as soon as possible in the short term. The longer the credit card is overdue, the compound interest will be very scary. . If it is overdue for more than 3 months and the overdue fees are relatively high, you can try to negotiate repayment with the bank to see if you can reduce the interest or repay it in installments.

4. In the process of repaying credit cards, you must ensure that you have a stable income and job, and increase revenue and reduce expenditure. You can save some unnecessary expenses, so that you can pay off the debt as soon as possible. Still on. If the credit card balance is overdue after paying off, remember not to cancel the card. You can continue to use the card and maintain good credit in the future.

The above is the relevant introduction of "How to repay the credit card debt appropriately", I hope it will be helpful to everyone.

This ends the introduction on how to pay off multiple credit cards and how to pay off multiple credit cards in the most cost-effective way. I wonder if you found the information you need?