Under what circumstances will automatic credit card repayment fail?
0 1, the balance of the savings card is insufficient.
If the cardholder chooses to repay in full, how much will the bank deduct from the current bill; If the cardholder chooses to repay according to the minimum repayment amount, the bank will deduct the minimum repayment amount.
The key to automatic credit card repayment is that the balance in your savings card must be sufficient. Once your repayment amount exceeds the balance of your account, there is no money to deduct or there is not enough money in your card, which will also lead to overdue.
Therefore, friends who set up automatic repayment must always pay attention to the balance of the bound savings card in case the balance is insufficient!
02. There is a limit to inter-bank automatic repayment.
Many times, the cardholder's credit card issuer and savings card issuer are not the same bank, so opening the automatic repayment function involves the "inter-bank automatic repayment" business. So far, many banks' credit cards can be repaid automatically across banks, but there is a transaction limit for cross-bank repayment.
Generally speaking, credit card issuers will not set a repayment ceiling for debit cards bound to their own banks, but there are restrictions on the maximum repayment limit for debit cards bound to other banks. Once the cardholder's repayment amount is higher than this limit, it may lead to repayment failure.
03. Foreign currency consumption and foreign currency entry.
There is also a special case where the cardholder holds a foreign currency credit card, which is used to account in foreign currency in consumption abroad and is not automatically converted into RMB. Previously, dual-currency credit cards issued by banks often involved this situation.
In this case, it is often necessary for cardholders to purchase foreign exchange to repay foreign currency consumption, so the automatic repayment function is not enough. Because the automatic repayment function can only repay RMB bills, but not foreign currency bills, the cardholder needs to repay them manually.
Steps for automatic repayment of credit cards
Step 1: Confirm whether the credit card has been deducted:
Automatic credit card repayment takes a process from deduction to successful repayment. Cardholders who receive the debit notice can directly log in to the online banking to check the repayment status of credit cards. If they are still processing the repayment, they can wait patiently, as long as they can arrive before the final repayment date, there is no problem.
Step 2: Confirm whether the credit card repayment has arrived:
If the credit card is not repaid in the successful repayment state, you can do the following:
1. Cardholders can check whether the credit card limit has been restored through official WeChat account and online banking. After all, after many banks successfully repay their loans, the arrival time may not be timely, especially when debit cards from other banks are used to repay credit cards, and the arrival time is usually delayed by 1~2 days. In this case, it is best to call the service hotline of the issuing bank and turn to manual customer service to confirm the entry.
2. If the credit card repayment is successful after the inquiry, but the money has not arrived and has not been recovered, the biggest possibility is that the bank clearing system network is busy or the internal system of the bank is upgraded. Usually, the bank will issue a notice in official website, which can be received after the system is restored.
Finally, remind: Even if automatic credit card repayment is set, you should always pay attention to the dynamics of your credit card. Don't cause overdue repayment, which will affect personal credit information.