You can apply for early repayment, but the installment interest will still be high. Nowadays, banks have opened the business of early repayment of credit card installments. However, the early repayment mentioned by the bank refers to the early termination of the installment. If there is a handling fee for this installment, then the fees already collected will not be refunded and will not be charged. The fees are charged together, which means that even if you pay off the loan early, the interest will not be reduced. For example, if you pay a credit card in 6 installments, the handling fee for each installment is 30 yuan. If you have already paid off 2 installments and charged 60 yuan in interest and then repay it in advance, the interest for the remaining 4 months will also be charged.

1. The benefits of early repayment of credit cards:

1. It can help credit card users develop good repayment habits and prevent credit card overdues;

2. You can also enjoy the interest-free period by paying off credit cards in advance. , no need to pay interest. Repayment in full is also the only repayment method that does not incur additional fees.

At present, in addition to full repayment, other repayment methods generally involve interest, late payment fees, and handling fees.

3. You can have the opportunity to increase your credit card limit. The bank will increase the credit card limit of customers with higher credit scores based on their credit scores.

Credit cards only need to be repaid on or before the last payment date. The repayment amount must be at least greater than or equal to the minimum repayment amount. If the repayment amount is lower than the minimum repayment amount, it will be considered overdue. If the loan is repaid in full, the bank will not charge interest.

2. Consequences of overdue credit card repayment:

1. Bear high penalty interest. After a credit card defaults, the penalty interest fees usually involved are recurring interest fees and late payment fees.

Revolving credit is essentially a small, unsecured loan that calculates 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 interest needs to be calculated from the date of consumption.

2. Causing 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." Customers are in great trouble.

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.

3. 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. As long as you have applied for a card or taken out a loan at a bank, it will be Automatically generate your own "credit report" in the system.