Use three credit cards to repay the monthly house payment. How to do it!

The method of using three credit cards in a cycle is as follows:

1. 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 1st of each month, the repayment date of credit card B is set to the 15th of each month, and the repayment date of credit card C is set to the 30th of each month.

2. When credit card A needs to repay 1,000 yuan on the 1st, the cardholder can use credit card B to withdraw 1,000 yuan in cash to repay credit card A. On the 15th, Credit Card B needs to repay the cash withdrawal amount of 1,000 yuan, plus interest of 7.5 yuan (assuming that the credit card has no credit card cash withdrawal fees). The cardholder can use C credit card to withdraw 1,007.5 yuan in cash to repay B credit card, thus repaying each other through several credit cards. Cardholders can ensure that there are no debts on several credit cards without using their own funds, without affecting the revolving credit.

3. Even if you use a credit card, you can enjoy the longest interest-free period if you start consumption on the second day of the statement date. However, when you have too many credit cards, it’s easy to get your billing dates confused. Therefore, in addition to having a reasonable grasp of the consumption limit of each card, you should also make a detailed list. Not only should you keep a clear diary of the bills of each card, but also list the repayment dates item by item to avoid being fined by the bank for delaying repayment. interest.

Notes on mortgage loans:

1. Timely repayment of mortgage loans

The principle of good faith is the emperor's clause in civil activities, and it is also a clause that we must abide by when performing the contract. . As parties to the mortgage contract, it is our obligation to repay in full and in a timely manner in accordance with the conditions stipulated in the contract. Now the country has implemented an inter-bank credit system. If you fail to repay the loan in time, you will be blacklisted by the bank's credit system, which will affect your handling of other business with the bank in the future, so each of us must repay the loan in time according to the provisions of the contract.

2. Choose the repayment method carefully

Generally, the mortgage loan contract is a standard clause contract. There are generally two repayment methods. One is the equal principal and interest repayment method. , this method is to repay the same amount of loan (including principal and interest) every month during the repayment period. In this way, since the monthly repayment amount is fixed, the household income expenditure can be controlled in a planned way, and it is also convenient for everyone. Families determine their ability to repay loans based on their income. The other is the equal principal repayment method: the principal is repaid in equal installments every month, and then the interest is calculated based on the remaining principal. Therefore, because the principal is larger in the early stage, more interest will be paid, so that the repayment amount is higher in the early stage. The benefit of this method is that the interest expense is reduced due to the larger repayment in the early stage, and it is more suitable for families with strong repayment ability. When signing a loan contract, you can choose a repayment method based on your actual situation to avoid defaults.

3. Reasonable use of the housing provident fund

The housing provident fund is a long-term housing savings deposited by the unit and its employees. It is an important tool for the monetization, socialization and legalization of housing allocation. form. The housing provident fund system is an important housing social security system stipulated by national law and is mandatory, mutually supportive, and protective. Units and individual employees must fulfill their obligations to pay housing provident funds in accordance with the law. One advantage of the housing provident fund is that it has lower interest rates than loans from commercial banks. If your employer pays you the housing provident fund, you can use the housing provident fund loan to repay your mortgage. This will not only reduce your monthly loan repayment pressure, but also be the same as that of commercial banks. Compared with the total loan repayment of housing loans, the total expenditure of housing provident fund loans is less than the total amount of commercial bank loans.

4. Reasonably determine the loan period

Mortgage loan contracts generally have clauses about early repayment. Early repayment must be approved by the bank, because early repayment of the loan will cause long-term damage to the bank. impact on earnings. In real life, banks usually charge liquidated damages for early repayment. Of course, the policies of each bank will be different. Therefore, when signing a mortgage contract, home buyers should choose a reasonable loan period based on their actual situation to avoid early repayment. Repaying the loan will cause unnecessary losses to yourself.

Can credit cards repay each other?

1. You can withdraw cash to repay each other, but this method is okay for occasional use. The interest and cash withdrawal fees are too high if you do this frequently;

2. You can cash out to repay each other. In this way, you only need to pay the cash-out fee, and you can enjoy the interest-free period of bank credit cards.

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

Gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to repay each other with credit cards

Question 1: How to repay each other with credit cards? Hello, if it is a China Merchants Bank credit card, the credit card can be used to withdraw cash, and there are no restrictions on the use of funds. Our bank's personal credit card has a cash advance function. You can withdraw cash from your credit card through our bank's or other banks' ATMs and bank counters. You can also transfer the funds from your credit card to your own name through online banking and phone voice. In the China Merchants Bank Debit Card (the cash withdrawal function of the business credit card is consistent with the company settings).

If you want to use the cash withdrawal function, please log in to the credit card website or dial 8008205555 for free from a landline or the service hotline 4008205555 from a mobile phone, set a transaction password and activate the cash withdrawal function.

Credit card cash advance will charge handling fees and interest (including our or other banks' ATMs, counters, online banking and telephone cash advances): Handling fee: Domestic RMB is calculated as 1 per transaction, with a minimum charge of RMB 10/transaction, overseas (including Hong Kong, Macao, and Taiwan) are calculated as 3 per transaction, and the minimum charge is ￥30/transaction or $3/transaction (the minimum overseas transaction for AE Platinum and Black Gold is $5). Interest: Cash advances do not enjoy interest-free repayment. Interest will be charged at a daily interest rate of 5/10,000 from the transaction date to the repayment date, and compound interest will be charged on a monthly basis. Warm reminder: 1. Only handling fees will be charged for withdrawing multiple deposits from your credit card. 2. There is no charge for just activating the cash advance function. 3. The first cash advance in each natural month for YOUNG Card Youth Edition, GQ co-branded credit card, Weibo Master Card and City Theme Series Gold Card is free of charge (interest will be charged as normal).

4. Cash withdrawals can be made in the same city or in different places, and no inter-bank handling fees are charged.

If you have any questions about other China Merchants Bank credit cards, please search "4008205555" in QQ business friends and add "China Merchants Bank Credit Card Center" as a friend; or search the number "cmb4008205555" in WeChat to follow the China Merchants Bank Credit Card Center for consultation. , thank you for your attention and support to China Merchants Bank!

Question 2: How to use two credit cards to pay each other's debts? How does it work? Stagger the billing dates of the two cards.

For example, card A has a billing date on the 1st

Card B has a billing date on the 10th

Your card A has a billing date on the 2nd The card limit is 1W. If you withdraw 1W yuan to start a business

Then your bill date is the 1st of next month. You have an interest-free period of nearly 50 days. You need to pay it back before about the 15th of next month. There is no interest on this 10,000 yuan.

Then you withdraw 10,000 yuan from card B on the 11th and return it to card A. Then you need to pay back card B around the 25th of next month. But you'd better It's due on the 1st of next month

This happens to be the billing date for card A.

If you still don't understand, just Baidu HI... I'll tell you in detail Say

Give me the points

Question 3: How do two credit cards repay each other? For 200 points, try to use the longest interest-free period of the two cards;

Card A will start consumption on the 3rd, for example, the consumption will be on March 3rd, the bill will be issued on April 2nd, and the final repayment date will be April 21st. ;

Card B will start consumption on April 9th, and you can withdraw or cash out on April 20th to return card A.

The bill for Card B will be issued on May 8th, and the repayment date will be May 27th; for Card A, cash will be withdrawn on May 25th and 26th to repay Card B.

Question 4: How to repay each other between credit cards, or across banks. If you want to repay in this way, you can only withdraw it or cash it out. After you withdraw it and then deposit it into another card, the handling fees and interest will be relatively high, which is not cost-effective.

Credit cards cannot be used for transfers.

I hope I can help you. If you don’t understand, you can ask.

If the problem is solved, please click on the answer below to select a satisfactory answer for support. Thank you.

Question 5: How to repay each other with two credit cards? Hello! Your behavior is suspicious of cashing out. Cashing out of CMB credit cards is strictly prohibited.

China Merchants Bank Credit Card is a credit payment instrument issued to the public by China Merchants Bank Co., Ltd. and provides cardholders with a certain credit limit. Cardholders can consume within the credit limit and then repay. It has Functions such as consumer spending, installment transactions, credit loans, cash deposits and withdrawals, and transfer settlement.

Warm reminder: If the cardholder conspires with others, colludes maliciously, cashes out, or engages in any other illegal or dishonest behavior, the cardholder shall bear all legal consequences and responsibilities.

If you still have questions, it is recommended that you use the credit card intelligent service platform to solve credit card problems anytime and anywhere.

Click here to view detailscc.cmbchina/...=zxkf1

Question 6: How to use two credit cards to repay each other? If Taobao stores do not have a credit card logo, merchants do not need to pay handling fees for credit card payments. If there is a credit card logo, the merchant will pay a handling fee of 1. However, Taobao has regulations. For stores without a credit card logo (that is, stores that have not opened the credit card payment function), you can only pay 500 yuan each time, and only 500 yuan per month. For stores with a credit card logo, you can pay 5,000-50,000 yuan.

So if you want to spend 20,000, you have to pay a handling fee of 200 yuan. You swipe your card successfully and the payment will be deducted directly from the merchant's Alipay after confirmation of receipt.

Question 7: Can two credit cards repay each other? There is no way to remit money online if you use credit cards alternately...

If you repay back and forth between two cards... First There is a handling fee for withdrawing cash...

And if you withdraw cash from some banks, even if you repay it in full, you will not be able to enjoy the interest-free period...

In this case, the interest will increase. What a shame~

Question 8: How to use two credit cards to repay each other, withdraw cash from one credit card and deposit it into another card.

After two days, I dare to withdraw it and return it to the card from which I made the withdrawal.

This only avoids default, but you have to bear the high interest on long-term payments. Just try to make as much money as possible to repay the debt. Opportunism also has a price.

Question 9: Can I use two credit cards to overdraft each other for repayment? You can do this, it is a cash withdrawal

But have you ever thought about what to do with the interest generated (cash overdraft is not as good as consumption, interest will be calculated as soon as the overdraft is overdrafted)

Not recommended Using a credit card for cash overdraft

For credit card overdrafts and cash withdrawals, most banks generally charge a handling fee of about 3%, with a minimum of 30 yuan, regardless of locality or location. In other words, if a consumer uses a credit card to withdraw 5,000 yuan in cash, he will need to pay a handling fee of 150 yuan. In addition, the bank will also charge interest at 50,000% of the cash withdrawal amount every day starting from the day the cash is withdrawn, which translates into an annual interest rate of 18%, which is more than three times the current six-month to one-year loan interest rate.

If you have to overdraft, it is recommended to pay it off as early as possible, otherwise the interest will be heavy

Question 10: How can two credit cards be used to repay each other? Hello! You can withdraw the CCB credit card and return it to the Minsheng Card before the final repayment date of the Minsheng Bank. Then when the CCB card needs to be repaid, use the same method to take the money out of the Minsheng card and return it to the CCB card! Recycle this. However, I suggest you try not to use your card to support your card. Once the bank detects it, the consequences will be serious! Hope this helps! Thanks! Good luck!

Can credit cards repay each other?

Credit cards cannot repay each other. The reasons are as follows: First of all, using one credit card to repay another credit card is actually a Using the bank's funds to repay the loan means occupying the bank's funds for a long period of time. In fact, the cardholder has not repaid the debt. Secondly, mutual repayment between credit cards is a very risky method, because if one of the credit cards cannot repay on time, the other credit cards will be affected. If the repayment cannot be made on time, interest and late payment fees will accrue. In the long run, In addition, cardholders will experience compounding interest rates and leave a "bad credit" record with the bank.

Problems with repaying each other's credit cards between two credit cards:

1. If they are from different banks, they have the same credit limit and repayment time;

2. The repayment time of the two cards should be different, that is, card A should be repaid at the beginning of the month, and card B should be repaid at the end of the month, so that there can be an adjustment period of more than 20 days;

3. Try to use two cards The longest interest-free period;

4. Stagger the repayment dates, for example:

Card A starts consumption on the 3rd, for example, consumption on March 3rd, issue on April 2nd For bills, the last repayment date is April 21st;

Card B will start consumption on April 9th, and cash can be withdrawn or cashed out on April 20th to repay card A;

Card B will be in May The bill will be issued on the 8th, and the repayment date will be May 27th; Card A will be able to withdraw cash on May 25th and 26th to repay Card B.

Finally, a reminder, this method is feasible in theory and practice, but it is not cost-effective at all, because cash withdrawals require handling fees and interest.

Credit cards cannot be used to repay i-credit cards, only debit cards can be used to repay credit cards. The balance in the debit card can be used to repay credit cards from different banks. The funds in the credit card can only be used for consumption payments and cannot be used for transfer repayments.

For example, card friend Xiaoci has two credit cards. Card A has a limit of 10,000 yuan and card B has a limit of 20,000 yuan. After he uses card A to make purchases, he transfers money to card B through the POS machine. Then use the money from card A to repay card A; then wait until the bill of card B comes out, and then use the money from card A to repay card B. In this way, you can use the two cards to repay each other in a cycle.

It may seem nice that you only need to pay some credit card fees to solve the problem, but doing so is risky.

The consequences of mutual repayment of two credit cards:

1. According to the operation method introduced above, mutual repayment of two credit cards is realized through POS machine cashing out, and we We all know that cashing out on a credit card is an illegal use of the card. If it touches the bank's risk control point and is controlled by the bank, the limit may be reduced, or the card may be blocked.

2. On the surface, the mutual repayment of two credit cards is successful, but you will always owe the bank a sum of money, which is the consumption before mutual repayment. Even if you pay off the bill this month, you will still owe the bank a sum of money. You still have to make payments next month, and this cycle never ends unless you pay it off yourself.

3. If the POS machine used is irregular, such as some code hopping machines, second-clearance machines, etc., your information may be leaked, and it is possible for the card to be stolen.

The above is the relevant introduction to "Can two credit cards repay each other?" In short, it is possible to repay each other with two credit cards, but the risk is very high, so don't try it easily. Of course, the best way is to control your desire to use credit cards and spend money with credit cards under conditions you can afford.

This ends the introduction on how to pay back three credit cards and how to use three credit cards with each other. Did you find the information you need?