1. Can credit cards be repaid in advance?

Credit cards can be repaid in advance.

if the cardholder wants to repay in advance, he needs to call the bank to apply. After obtaining the bank's consent, he can calculate the final repayment amount and include it in the minimum repayment amount of the next bill. The cardholder can terminate the credit card installment in advance only by repaying the minimum repayment amount.

It is worth noting that the cardholder should never directly deposit the remaining unpaid money on the card, so that the part that exceeds the current repayment amount will become an overpayment, which cannot be deducted. If you want to withdraw it, you will need a handling fee, so you must not do this.

second, is it still cost-effective to advance the credit card installment?

It is still not cost-effective to advance the credit card installment, because many banks will not waive the remaining undistributed handling fees just because the cardholder repays in advance.

it is ok to prepay the credit card by installments, but the cardholder must pay off the remaining unpaid principal and undistributed handling fee in one lump sum.

At present, many banks do not have special preferential policies for prepayment. For example, Bank of Communications, China Guangfa Bank and Industrial Bank, regardless of installment or lump-sum payment, if the cardholder prepays, the fees collected will not be refunded, and the remaining fees must be paid in one lump sum.

3. Do you still need to pay the handling fee for credit card prepayment?

1. Bank of Communications: Cardholders can prepay through official website, online banking, mobile banking and other channels, but the handling fee needs to be repaid at the same time.

2. Guangfa Bank: Cardholders who want to repay in advance can call 24-hour customer service to apply manually, and they need to pay the outstanding principal and the later installment fee.

3. Industrial Bank: Cardholders can apply for early settlement through customer service telephone, and the staff will pay the cardholder in advance by installments, as long as the bill is fully repaid in the current period. However, if the payment is made in advance, the subsequent installment fee will also be reflected in the current bill, and the cardholder needs to pay it in one lump sum.

the above is the introduction of whether credit card installment can be repaid in advance. credit card installment is a good way to temporarily solve the financial pressure of cardholders. however, once credit card installment is adopted, although it is possible to repay in advance, many banks have no preferential policies for it, and it is not cost-effective to pay the unpaid fees in the later period.

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