How to repay the credit card cost-effectively

It is more convenient and cost-effective to transfer money and return the credit card through the issuing bank's debit card.

At present, there are many ways to repay by credit card, and users can transfer money through WeChat. Alipay transfers and repays; Online banking transfer repayment; Payment by mobile phone bank transfer and repayment by ATM machine, etc., credit card repayment through third-party channels such as WeChat and Alipay requires a handling fee. In addition, payment by other banks to credit card repayment also requires a handling fee. Therefore, the most convenient and cost-effective repayment method is to transfer repayment through ATM machine, online banking, mobile banking and other channels of the issuing bank.

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Credit cards can be used for overdraft consumption or cash withdrawal, which is an indispensable part of people's lives. However, no matter how you use your credit card, you must repay it on time every month, and the repayment amount must not be lower than the minimum repayment amount, otherwise it will affect your personal credit information beyond the time limit. However, there are many credit card repayment methods, and many card friends want to know which repayment method is the most cost-effective. Here is a credit card repayment strategy for everyone. The dry goods are full. If you miss this village, there will be no store.

first, how to repay the credit card?

Of course, the repayment must be made before the end of the final repayment date, so we need to pay attention to two dates, one is the billing date and the other is the final repayment date.

billing date refers to the date when the bill is issued every month, and the repayment date is the final repayment period, generally about 2 days after the billing date, and the final repayment date can be calculated from the billing date.

knowing these two dates will facilitate repayment.

second, how to repay by credit card is the most cost-effective?

it can be divided into two aspects, one is based on the repayment method, and the other is based on the interest-free period.

1. Repayment method:

Credit card repayment methods can be roughly divided into three types, one is full repayment, the other is installment repayment, and the other is minimum repayment.

These three repayment methods can effectively avoid the overdue of credit cards. As for which repayment method to choose, the specific problems are analyzed in detail, and the principle of "full repayment is required if full repayment can be made, but installment is required for large repayment and minimum repayment is required for small repayment" is followed.

2. Interest-free period:

Credit cards can enjoy interest-free period only if they are overdrawn, but not if they are cashed out. The interest-free period is generally as short as 18 days and as long as 56 days. The interest-free period of each bank is different, mainly based on the billing date. The most cost-effective purpose of repayment through interest-free period mentioned here is actually to enjoy the longest interest-free period.

Usually, the credit card is swiped on the day after the billing date, and some are swiped on the same day, depending on the bank billing date. If it's the same day of consumption, you can swipe your card the next day after the billing date, and then your consumption accounting will be charged to the next bill and repaid on the billing date of next month, thus having the longest interest-free period.

then, combined with the repayment method, if the payment is made by installments after the bill comes out, the money to be repaid in the first installment will be included in the next bill, and both * * * can enjoy an interest-free period of up to 7 days, which is also more cost-effective.

For example, the credit card of China Merchants Bank is credited on the same day of consumption, and the billing date is 22nd, the repayment date is 1th, the consumption is on October 23rd, and the bill is issued on November 23rd. Then, after the bill is issued, you choose to repay it in installments. If there is no other debt, you don't need to repay it on December 1th, and the bill will be repaid in the first installment on December 23rd. You just need to pay it off before January 1th.

which credit card repayment method is the most cost-effective

among the three credit card repayment methods, full repayment is the most cost-effective, because this repayment method will not generate interest charges. This is also the most common repayment method. Generally, credit card overdraft consumption must conform to one's financial ability, that is, to avoid maturity and inability to repay. Both installment repayment and minimum repayment amount need certain interest expenses. For example, for installment repayment, the cardholder can choose repayment according to his own ability. Each bank will stipulate different installment numbers, and the installment repayment will not bear interest, but a certain handling fee will be charged.

the full repayment amount means that the cardholder can repay all the payables before the due repayment date (inclusive), and can enjoy the interest-free repayment period for a certain period of time as stipulated by the issuing bank. Generally, the credit card bill will be sent by e-mail or paper bill the day after the bill is issued, and the full repayment amount (the total repayment amount in this period) will be informed.

full repayment amount = 1% of the prepaid cash transaction amount of consumption funds within the credit line

The "full repayment amount" shall be paid in full before the due repayment date, with no interest charged. Will not affect personal credit.

cash advance does not enjoy the minimum repayment.

after the credit card is spent, you will receive an electronic bill or a paper bill from the bank when it comes to the billing date. There are two amounts, which we should write down. One is the amount payable in this period, and the other is the minimum repayment amount. It will clearly tell you the minimum repayment amount of this bill and the full repayment of this bill, as well as the billing date and repayment date of this bill.

so: the full repayment of a credit card is relative to the minimum repayment. In fact, this is also a great advantage of the credit card. Once you spend the credit card and it is beyond your repayment range, you can choose to repay it with the minimum repayment amount, so that your personal credit will not be affected. But this means that you can no longer enjoy interest-free.

installment repayment-it means that there will be multiple repayments, and the repaid principal and interest will be allocated to each installment.

At present, installment financing business is quite popular, and both units and individuals may come into contact with such business, such as mortgage loan when buying a house, installment purchase of large commodities and so on. However, because many people don't have the concept of time value of funds, the cost of funds they calculate is often quite different from the actual situation.

installment repayment of a bank is a installment repayment business launched to avoid default interest according to the total consumption limit when customers are unable to repay the overdraft amount of their credit cards at one time.

Compared with installment payment, installment payment is different in application procedures and application scope. For example, Xiao Li wants to buy a mobile phone by installment, so he should go to a store that cooperates with a credit card. The installment repayment business does not need to specify the place and category of consumption. If customers realize that they can't repay in full on schedule after swiping their cards, they can call to apply. However, it should be noted that the handling fee for installment repayment is higher, which is generally higher than the commercial loan interest rate in the same period.

How to pay back the credit card is the most cost-effective way

You can bind the credit card to the savings card and pay back automatically, so that you won't forget to pay back and the interest-free period will not exceed. This is the most cost-effective way.

There are generally three ways to repay the credit card:

The first way is to directly carry the credit card and money to the counter of the bank for repayment.

the second type: repayment through online banking.

the third type: repayment through third-party payment. Then, how to repay the credit card is the most cost-effective. In fact, you can bind the credit card to the savings card and repay it automatically. You won't forget to repay, and you won't exceed the interest-free period. Naturally, this way is the most cost-effective way.

The so-called automatic credit card binding repayment means that the cardholder binds the credit card and the debit card, and it is agreed that the bank will automatically transfer the credit card bill amount from the debit card to the credit card on the repayment date. Therefore, once bound, the cardholder does not need to do anything, as long as there is money in the debit card, it can be done once and for all.

what else should I pay attention to when repaying?

1. Cash withdrawal fee can't be paid in installments

Occasionally, when you need cash urgently, you will use a credit card to withdraw money for urgent use. As we all know, there is a fee for cash withdrawal by credit card, and this fee can't be paid in installments. If you use a credit card to withdraw cash, remember this account.

2. The temporary limit cannot be divided into stages

Like the cash withdrawal fee, the temporary limit is used to relieve the credit card limit in seconds, which can avoid the embarrassing situation that the limit is not enough when spending on holidays. However, the temporary quota used cannot be divided into stages, and you have to pay back as much as you use. Therefore, when using the temporary credit line, card friends should not brush it too hard ~

How to repay by credit card is the most cost-effective

1. First of all, everyone should master a method, that is, credit card repayment usually takes 2 to 5 days, which means the longest time limit is 5 days, so everyone must choose the billing date when swiping the card, so that your repayment will last for more than 5 days.

2. Other people think that it is not in the short term, but they choose the minimum repayment amount, which is actually wrong, so they charge high interest, which is actually a bit of a loss. It is best to pay in one lump sum.

3. However, everyone should learn to raise a card with a card, that is, the money from one card is transferred to the card in arrears, so that even if there is no money on the repayment date, you can still pay it back.

4. Finally, I want to say, when using a credit card, don't default. Your poor credit record will seriously affect your future housing and car loan situation.

credit card repayment methods can be divided into three types: full repayment, installment repayment and minimum repayment. Both the minimum repayment and installment repayment will generate additional expenses, but the full repayment will not generate any expenses as long as it is repaid within the interest-free period, so it is best to choose full repayment for credit card repayment. Nowadays, there are more and more cardholders. It is simply "wrong" to regard bank cards as a tool for depositing and withdrawing money. In fact, from ordinary debit cards to credit cards that can "spend first and then repay", they all have their own characteristics. If used properly, they can not only enjoy a lot of convenience, but also help cardholders save money, realize the purpose of personal finance and fully enjoy the modern "card" life.

the first measure: identify the unionpay logo (both at home and abroad) for cross-bank transactions. Bank cards issued by different banks can be used for unified deposit and withdrawal or consumption on ATM machines and POS terminals with UnionPay logo. When customers withdraw money or swipe their cards, they don't have to look for the card they have in various bank card logos as before, but just look for the logo.

the second measure: remember 95516 and the customer service phone number of the issuing bank. In case of any problem that cannot be solved in the process of using the card, call the customer service telephone number 95516 of China UnionPay and the customer service telephone number of the issuing bank in time to reduce unnecessary losses.

trick 3: visit the websites of unionpay and the issuing bank frequently to get the latest preferential information. China UnionPay and the issuing bank have some preferential activities for cardholders from time to time, such as redemption of points, cumulative redemption of credit card consumption and other activities, and timely obtain relevant information through the website to bring benefits to their credit card consumption.

measure 4: debit card and credit card should be used flexibly for credit card consumption. Debit cards and credit cards are used together, and you can get lucky draw and points by participating in preferential activities such as credit card consumption.

the fifth measure: skillfully use the bank's free channel to inquire about the bank card balance.

measure 6: pay attention to unionpay network for overseas credit card swiping, and save 2% of the currency conversion fee. When outbound tourists spend money in foreign countries, Hong Kong and Macao, international card organizations have to charge part of the currency conversion fee, that is, the service fee. At present, when the cardholders of "UnionPay Standard Card" starting with "62" are in consumption abroad, UnionPay only carries out currency conversion at the prescribed exchange rate, which costs 2% less.

measure 7: actively renew the unionpay standard card with the prefix "62" and enjoy the international standard service. Adopting the international standard BIN number starting with "62" of China UnionPay can not only be used in China, but also be settled in consumption abroad, allowing cardholders to go abroad smartly.

trick 8: pay attention to the unionpay sign of rural credit cooperatives, and you can also use cards across banks in remote areas. Through the China UnionPay exchange network, bank card withdrawals and inquiries can be made at the counters of rural credit cooperatives at or below the county level, making full use of the resources of rural credit cooperatives outlets all over rural towns to provide convenient, fast and high-quality bank card services for migrant workers.

measure 9: use unionpay network to repay the credit card in a timely manner, without interest charges. As long as you hold the bank card of the network access organization that has opened inter-bank repayment, you can perform self-service operation at the ATM with UnionPay network at any time, easily complete the inter-bank transfer of the bank card, and transfer the transaction funds from one bank card account to another bank card account instantly, which is convenient and fast.

1th trick: Pay attention to the preferential information of local UnionPay innovative business. It is convenient and affordable to pay by mobile phone and telephone.

for example, its billing date has three options, which can be changed once every month on the 5th, 15th, 25th and half a year. If your billing date is the 5th of every day, and your last month's bill was paid on January 5th, you could have had a 5-day interest-free period when you swiped your card on the 6th, but during the period from January 26th to February 4th, you can apply to change your billing date, and you can adjust your billing date to the 25th of every month, so your transaction on January 6th will not be billed until February 25th, and it will require you to repay it on March 15th. At this time, the installment of the transaction on January 6 will be delayed by one month until March 25, and then it will be recorded in the bill, so you will not be required to start repayment until April 15. In this way, the interest-free period of your transaction on January 6 will reach 1 days (April 15-January 6), which is equivalent to more than three months of short-term credit, and the cost is only the handling fee for one installment of the bill.

how do you repay the credit card and how can you save money? I hope to share it.

credit card repayment can be divided into the following categories: full repayment, minimum repayment and installment repayment.

full repayment: the full amount of the current bill will be repaid in full before the final repayment date, so that the repayment can enjoy the interest-free period of the credit card, make full use of funds and reduce the cost of living, which is also the original intention of the bank to issue credit cards. The disadvantage is that it will take up your working capital. If you don't continue to spend, the money can only be put in your credit card as a virtual limit and can't play a greater role. TX can only be used by swiping POS machines, but this will result in a handling fee. At present, the handling fee for swiping POS machines on the right track in the market is generally more than 1, yuan 6 yuan, and the .38 card swiping method is used as little as possible, and those below this are generally not considered. If the funds are relatively abundant, it is recommended to use the longest interest-free period. For example, if your billing date is March 15th, then you should try to swipe your card after March 16th, and these expenses will be generated in the bill on April 15th. You can enjoy the interest-free period of up to 51 days after the final repayment date in 2 days. This is the most economical! ! !

minimum repayment: it's best not to do this, because it will not affect the credit information at least, but it will keep the minimum repayment record in the bank, which means that your financial strength is only a little better than overdue. It will also generate high interest, five ten thousandths of a day. Full interest will be paid from the time you charge your credit card. It's super uneconomical, unless there is really no money, it will be overdue if it is not paid back. It doesn't matter a few times occasionally. If it is like this every month, it is likely that the bank will reduce the amount and seal the card.

installment repayment: this is a win-win situation for customers and banks. With the bank's fee income, customers have won valuable time. It's just that the actual handling fee for installment is very high, which is basically annualized.