Early repayment of a credit card is a sign of good credit and will not have any impact on the cardholder.

Extended information:

1. Credit card early repayment methods

There are two situations for credit card early repayment, one is to apply for installments, and the other is to No installment was done. The details are as follows:

1. Credit card repayment in installments in advance. It can be paid off in one lump sum in advance, but the cardholder needs to call the customer service of the credit card center in advance to help handle the early settlement of installment procedures. When repaying the loan, in addition to the installment amount, the installment fee is also required.

Even if there are sufficient funds, it is not recommended that cardholders repay the installment arrears in advance. On the one hand, the early repayment handling fee will still be charged. Therefore, the handling fee will not be saved due to early repayment. On the other hand, from the bank's perspective, this is more likely to be a breach of contract by the cardholder, and the cardholder may even have to pay a penalty.

2. The credit card did not handle early repayment in installments. You can transfer money directly to bank branches, WeChat, Alipay, etc. for repayment.

2. Credit card swiping fee = card swiping amount * handling fee rate. Different industries have different rates, ranging from 0.5 to 4.

The first category of merchants includes catering, hotels, entertainment, jewelry and gold ornaments, and arts and crafts. The general discount rate is 2-2.5.

The second category of merchants includes real estate, car sales, and wholesale. The general discount rate is 1, and they can apply for a single-ratio transaction cap.

The general discount rate for third-category merchants including airline ticketing, refueling, and supermarkets is 0.5-1.

General discount rates for the fourth category of merchants, including public hospitals and public schools, vary depending on the region.

The fifth category of merchants includes general discount rates of 1-3.

It should be noted that the credit card swiping fee is charged by the bank to the card swiping merchant, and the cardholder does not need to pay it.

3. The consequences of an overdue credit card are as follows:

1. Liquidated damages are incurred, usually 5% of the minimum repayment amount and the unpaid portion.

2. The interest is high, and the interest is compounding. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay the debt multiple times, you will not only have to bear the repayment, but may also bear criminal liability.