1. In-bank repayment

This repayment method mainly includes: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Mobile phone repayment

Mobile phone is a personal payment terminal of mobile financial system. It can be used to repay money directly by swiping the card, and can also perform transfers and other services. Instant payment.

3. Convenience store repayment

Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

4. Online repayment

The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Inter-bank transfer

Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

6. Counter pass

Counter pass refers to the bank cards issued by various networked financial institutions, which can be used to make RMB transactions through the counters of other bank branches registered in the UnionPay exchange center host system. Current deposit and withdrawal transactions.

7. Lakala

Card holders can complete credit card repayments, mobile phone recharges, online bill payments, etc. through convenience stores, bank outlets or purchase "Lakala" device terminals business.

8. Xinfutong

The "Xinfutong" smart card swiping phone was independently developed by China UnionPay, certified by the Bank Card Testing Center, and provided by China UnionPay's inter-bank information exchange network. Innovative electronic products backed by service.

9. Repayment Tong

Use "Repayment Tong" to repay, and the fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

10. Intelligent repayment

In this new industry, its main function is to use the balance of about 5% in the card to automatically cycle consumption and repayment to achieve full repayment, and charge a certain amount Handling fee, basic functions include bill management, local payment, free card application, etc.

Extended information:

Consequences of overdue credit card repayment 1

After a credit card defaults on a high penalty interest, the penalty interest fees usually involved are recurring interest fees. and late fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and it will start from the date the consumption is recorded. Calculate interest.

Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%.

In addition, some banks stipulate that within 15 days from the accounting date, the daily interest rate will be calculated at 0.5%, and if it exceeds 15 days, the daily interest rate will be calculated at 10%. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, , calculated based on the daily interest rate of 15/10,000. The longer the arrears are, the higher the penalty interest will be.

Consequences of overdue credit card repayments 2

Creating legal disputes Violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies are mixed, and their debt collection methods are rough, causing great trouble to customers.

Not only that, defaulting customers may also face legal disputes. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, criminal liability may also be pursued for fraud.

For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which can be said to make matters worse. .

Three Consequences of Overdue Credit Card Repayment

Leaving "credit stains" in the national credit reporting system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. If you have applied for a card or taken out a loan at a bank,

a "credit report" of your own will be automatically generated in the system. The "stains" in this report cannot be ignored, as it will affect all aspects of the application. Loans, insurance, job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years.

In November 2012, the central bank’s new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.

Credit cards, as an emerging payment method, are also the simplest means of daily financial management for consumers. Although overdraft consumption can reduce the financial pressure of cardholders’ daily consumption, if the cardholders do not manage it properly or do not have good financial management, With the concept of financial management, it is easy to become a card slave with a mountain of bills.

When the bill pressure is too heavy, use cards to pay off cards with caution. You can apply for installment payment from the bank or apply for deferred repayment, extension of installments, etc. to relieve the pressure. At the same time, you should also reflect on yourself in time. Whether the consumption pattern is healthy and reasonable.

In April 2016, the central bank issued the "Notice on Matters Concerning the Credit Card Business", which increased the market pricing attributes of credit cards and made credit card rights more diversified. The most important point is that liquidated damages are no longer compounded.

Baidu Encyclopedia—Credit Card Repayment