credit card repayment refers to the withdrawal of the repayment amount and the return of funds to the bank in order to ensure the cardholder's good credit record when the credit card consumption of the cardholder reaches the final repayment date.
I. credit card transfer process
in order to transfer credit card to bank card, you must first apply for a debit card of the issuing bank, that is, a savings card, and then open one of telephone banking, online banking and mobile banking, and then you can transfer the money in the credit card or the cash borrowed in advance to the bank card. Fees for credit card transfer to bank card A handling fee is required for credit card transfer to bank card. If you transfer more money from your credit card, that is, overpayment, some banks will charge a handling fee for overpayment. If you transfer the credit card overdraft limit, that is, advance cash, you need to pay a cash withdrawal fee and interest of five ten thousandths per day.
Second, the credit card bill amount is different
Many people choose the minimum repayment amount when they can't repay all the money in the current month. Then, after the minimum repayment amount is paid, how does the issuing bank charge interest fees? For example, if you spend 5, yuan on your credit card in the current month and pay the minimum repayment amount in 5 yuan, the interest will be calculated by multiplying 5, yuan you owe by five ten thousandths of a day. If you spend 5, yuan next month, the bill will be 9,5 yuan, and the minimum repayment amount will be 95 yuan, but your interest will be calculated by adding 5, yuan in the previous period to 1, yuan in the current month. If you don't use this card to spend money in the future, the issuing bank will always charge five ten thousandths of the daily interest according to the 1, yuan you owe until you pay back all the money you owe.
There are three ways of credit card repayment: full payment, bill installment and minimum payment. It is good if it can be paid off in full in the current month. After all, current credit cards generally have an interest-free period of up to 5 days. If it is not possible, it is also recommended to choose credit card installment. Although the minimum payment can avoid causing bad credit records, the interest cost is relatively high.