There is a problem that many netizens don’t understand, that is, when repaying a credit card, why do they pay back an extra dollar? The impact is more serious than expected. When we use Alipay to repay, there will be an advance payment. Repaying the loan and storing excess money in the account does not have any impact, but why does this method cause us trouble when using credit cards.

If you pay too much on a credit card, this behavior is called overpayment in banks. For example, if the daily repayment amount of a credit card is 1,000 yuan, but it is marked up to 2,000 yuan due to negligence. This resulted in 2,000 yuan being transferred to the credit card. Not only had the account period been fully settled at that time, but there was also an increase of 1,000 yuan. This 1,000 yuan was an overpayment, because the extra money would increase the credit card limit to 2,000 yuan.

This part of the money is put in the credit card, and it is difficult to withdraw it. There have been news reports before that a saver used the credit card as a storage card and deposited 200,000 into the credit card. At that time, he thought When I wanted to withdraw cash, I was told by the bank that a handling fee would be charged. I had to either sacrifice part of the handling fee and transfer it out, or slowly use my card to spend. When we put funds into a savings card, they are current and there is interest, but the excess money in the credit card does not earn any interest. No matter how long it is left, there is no interest, which is also a loss.

The most troublesome thing about Yipay is to cancel the card. If you owe money to a bank credit card, the credit card cannot be canceled, but the overpayment can be canceled. If there is an overpayment, but it has been After canceling the account, a one-payment bill will appear on your personal credit report. This bill is more troublesome to deal with than an overdue bill, so it is recommended that you do not put extra money on your credit card when repaying the loan.