The credit card revolving repayment technique is relatively simple. You can use the first card to withdraw cash, and then use it to repay the second card. Continue to withdraw cash with the second card, and then repay the first credit card. This method is more advantageous. If there is a big gap between the amounts that can be withdrawn from these two cards, you can choose to pay them back several times. Then there are some prerequisites, that is, the repayment dates of the two cards and the date of the bill need to be staggered, so that you can have enough time to operate.
1. The method of recycling credit cards
For example, a bill owes about 4, yuan, if the credit card has no money to repay. You can pay back 4, yuan of the credit card with 2, yuan, pay for two days first, and deposit it immediately after taking it out the next day, which is equivalent to completing two repayments. But in this process, it is not that there is no need for any fees, but the corresponding cash withdrawal fees should be paid.
2. Will there be expenses for credit card revolving repayment
In the process of credit card revolving repayment, there will be expenses if cash withdrawal is involved, mainly the formalities fee. As for the formalities fee, it depends on what kind of credit card you are. Generally, it is around 1%, and the minimum charge for a single transaction is probably 1 yuan. The interest of some banks may be calculated from the second day, for example, according to 5/1. If it is 2 yuan, the daily interest is basically one yuan. Because credit cards are not allowed to repay another credit card by direct transfer at all, this method is the only choice.
3. What's the smart way of credit card revolving repayment
In fact, you can choose the smart repayment method, which is the latest repayment method. As long as you leave 5%~1% of the funds in the credit card, you can effectively realize full repayment immediately, and the one-click setting is relatively simple and convenient. In addition, it is also necessary to set some repayment time effectively according to the amount of repayment, and the number of repayments or the amount of repayment can also be managed automatically.