How do you pay off your credit cards? How can you save money? Would you like to share?

Credit card repayments are divided into the following types: full repayment, minimum repayment amount, and installment repayment.

Full repayment: The entire amount of the current bill must be repaid in full before the final repayment date. In this way, you can enjoy the interest-free period of the credit card, make full use of funds, and reduce the cost of living. It is also a bank-issued credit card. original intention. The disadvantage is that it will occupy your liquidity. If you do not continue to consume, the money will only be placed in your credit card as a virtual limit and will not have greater value. You can only swipe the POS machine to TX, but this will incur a handling fee. The regular POS machine card swiping fee on the market is generally more than 10,000 yuan and 60 yuan. The 0.38 card swiping method should be used as little as possible. If it is lower than this are generally not considered. If you have ample funds, it is recommended to use the longest interest-free period. For example, if your bill date is March 15th, then try to use your card after March 16th. These consumptions will be included in the bill on April 15th. Just repay the loan within 20 days when the final payment date comes, and you can enjoy the interest-free period of up to 51 days. This saves the most money! ! !

Repay the minimum repayment: It is best not to do this, because paying the minimum will not affect your credit score, but the minimum repayment record will be retained in the bank, which means that your financial strength is only slightly better than overdue. Just a child. There will also be high interest, five ten thousandths per day. Interest will be accrued in full from the time your card payment is credited to your account. It's super uneconomical, unless you really have no money and it will be overdue if you don't pay it back, then it won't have a big impact occasionally. If it happens every month, the bank will probably reduce the limit and block the card.

Instalment repayment: This is a win-win situation for both the customer and the bank. The bank has fee income and customers gain valuable time. It’s just that the actual installment handling fee is very high, and the annualized rate is basically more than 15%, so you can consider large amounts of short-term payments and just support the bank’s work

Another repayment method is to repay in batches. , swipe it out the next day, then pay it back in, and cycle in sequence, swiping the card in and out frequently for small amounts, or repaying the money at once, swiping out small amounts in batches, repaying again, and swiping it out again in batches. Although this will be a long-term empty card, which is not good for raising the limit, banks generally cannot reduce the limit. Unless you are risk-controlled by the bank, and you have to pay back as much as you want, then you might as well cancel the card after paying off the balance. Be sure not to use repayment software, and don’t underestimate the power of bank big data risk control. Each of your purchases will be displayed in the background, the amount, type, and the bank can tolerate the card in your hand. Once you choose to repay, basically You don't have to think about raising your forehead or anything, we'll take care of you in the little black room.

To sum up, repaying in full, swiping your card at the right time to spend, and fully enjoying the longest interest-free period is the most economical way to save money! ! !

Credit cards are a scam. Never do it! It doesn't do you any good.

Hello everyone, let me answer. First of all, I applied for a Bank of Communications credit card with a limit of 20,000. I have been using it for more than two years. I only need to remember the monthly repayment date. Some of them are in the same month. I use my credit card to repay it with my salary, and some use other credit cards to repay it back and forth, and then use it several times a year, and the annual fee is waived. It is very good to use it. At least I have temporary money, and it is not easy to borrow money now. , I have seen some people who have applied for many banks. They all cash out on a recurring basis. There are too many repayment dates every month. You need to set an alarm clock to remind yourself. In fact, I do not recommend applying for a large-scale credit card. Generally, two can be used. Too much is not good for you. If there is a problem in that link, it will be troublesome. Thank you everyone. I hope my answer can help you

Don’t play with that

1. Grasp Best time to swipe your card. 2. Credit cards can enjoy interest-free payment for 25 to 56 days. 3. The difference between the longest and the shortest is one month. 4. Credit cards all have bills. 5You can enjoy at least 50 days of interest-free payment. 6. If the card is swiped on the billing date, you can only enjoy the 25-day interest-free period. 7. When the credit card statement comes out, there is a final repayment date. Be sure to repay before the final repayment date. 8. If you fail to repay after the final repayment date, the bank will not only charge overdraft interest but also late payment fees, which will also cause bad credit.

If I use money, I usually pay it just after the bill date, and pay it back one day before the next payment date, so that it can be used for a longer time

If it is true If you want to save money, it is recommended not to use credit cards as much as possible. Unless you are buying goods that are necessary for survival, or buying assets such as houses, you will definitely not have any money left over if you use credit cards.

If you are already in debt, the first thing you need to do is to adjust your asset allocation. Based on the content of "Puppy Money", I would like to give you a few suggestions:< /p>

1. Give yourself a goal, find 10 reasons why you want to become rich, and write them down;

2. Choose the 3 most important ones from the 10 and write them down. And always imagine what it will be like when you are successful, and make 3 dream piggy banks at the same time;

3. Divide the money you earn now into 3 parts, except for the funds necessary to pay for life, half Use it for patients, save half of it, and if it is not necessary, please do not apply for another loan. If the loan is urgent, you can make an installment here, because developing good financial habits is more important than paying off debts in a short time;

4. Of the money you save, part of it will be put into your dream piggy bank, and part of it will be used for financial investment (only invest in what you understand. If you don’t understand, you can gradually understand it through reading books and listening to lectures. Financial management is actually not difficult).

With the above, your financial situation will gradually get better and better.

1. First of all, it is recommended to repay the credit card between the settlement date and the repayment date, preferably three days before the repayment date, which will also help to increase the limit.

2. Try not to choose installment or choose the minimum repayment, because this will incur a lot of handling fees and penalty interest.

3. Don’t choose WeChat or Alipay to repay credit cards, because They all charge handling fees.

4. It is recommended to choose UnionPay for repayment. Not only is the handling fee waived, but if you sign in every day, you can also receive a sign-in fee, which can be used to charge phone bills or deduct credit card repayments.

Hello, I am a small card payment student. I have been playing cards professionally for 8 years. The total credit granted by my four credit cards is 1.16 million.

If you want to save money by repaying a credit card, you first need to understand the differences between these repayment methods:

Repay in full: It is not necessary to pay off the balance in one go after the credit card bill is issued. Interest fees will be incurred. From the date of using the bill to the repayment date of the next bill, the longest interest-free period is 56 days and the shortest is 48 days. However, in actual consumption, it takes a certain amount of time, so 40-49 days is Maximized.

Repayment by reverse card: When the credit card bill is issued, it will show that you need to repay 100,000 yuan. You only have 10,000 yuan in hand. Then you use 10,000 yuan to repay it before the final repayment of the current bill. If you swipe it out again and pay back 10,000 yuan a total of 10 times, you will pay off the bill without incurring additional interest or handling fees. This model is also a win-win situation for maximizing the use of capital time and repayment, so it is a mainstream usage.

Minimum repayment: Generally, it is 5%-10% of the bill. Most of the repayment of the current bill can be deferred to the next bill date, but interest will be accrued in full on that date. Interest is 50,000 yuan. Even if you only have a few dozen yuan left to pay off, interest will be calculated on the full amount. If the minimum payment is still made in the second period, it will be considered as compound interest.

Instalment repayment: The interest is often very high. Commercial banks use the algorithm of equal principal and interest. If there is no activity, the annual interest rate is basically 10%-12%. The principal is repaid every month, and the actual capital utilization It's still low. If you have high debt and many cards, it's often easy for people to overdue.

After understanding the above four credit card methods, we know that full repayment and card transfer are the most cost-effective and will not incur other additional fees. So what should we do if we still want to save money on this basis? That is to participate in more small activities of the bank:

1. Shanghai Pudong Development Bank Savings Card Repayment Activity. Every Friday at 10 a.m., if you repay more than 1,000 yuan on Cloud QuickPass, you can get 10 yuan in repayment. Repayment coupons are issued once a month. After participating in this event, you can get an 80 yuan repayment coupon.

2. Cloud QuickPass now has a campaign to add new credit cards to obtain repayment coupons. Through the one-click card binding function in the Cloud QuickPass APP, you can get a 6.2 yuan repayment coupon by binding a new bank card. Now From now on, each new credit card will receive a 5-yuan repayment coupon, with a maximum of two per person. After participating in this event, you can get a maximum repayment coupon of 16.2 yuan.

There are also many banks’ small repayment activities, or you can count as earning money by getting credit cards. If you play with cards to a high degree, we play with mileage value, play with point value, and play with benefits. If you choose the right card and the right method, you can earn more than 50%, or even 100%, of the card swiping fee. This is the best. Cost effective model.

It turns out that you can use POS to cash out, but this method is risky, especially when China Guangfa Bank experienced a large-scale card blocking phenomenon in early 2020. Most of the guys who blocked their cards used POS machines to cash out as liquidity. funds. A small number of POS machines used for consumption do not carry points, such as wholesale merchants, e-commerce purchases, etc. These types of consumption do not earn points for banks, so they are easily judged as bad consumption records by banks. Occasionally, a few It's okay to spend like this every time, but it's not okay every time the transaction is frequent and the transaction amount is large. Why does China Guangfa Bank have large-scale consumption restrictions and limit issues?

First of all, Guangfa Bank’s online card sales are very good

Secondly, the front-line salespersons who promote it locally are also quite good

Furthermore, since Guangfa was acquired by China Life Insurance , guys who sell China life insurance can also sell credit cards

What do you think, readers?

I think professionals should leave it to professionals

Finally, I would like to remind everyone to try their best to quit cashing out. This is a bottomless pit. Although you can make money by swiping your credit card at the bank, When you make frequent bad purchases and the transaction limit is large, no matter which bank you use the credit card will be supervised, and bad use of the card will also affect your credit report

What is the most cost-effective way to repay your credit card

The most cost-effective way to repay a credit card is:

1. Repay in full.

In order to solve the problem of users' repayment pressure, credit cards provide users with a minimum repayment amount. However, when users use the minimum repayment amount, they will incur corresponding fees. Therefore, in order to avoid this situation, it is best for users to repay in full. This not only avoids the problem of fees, but also helps to increase the credit limit in the future.

2. Use online banking to repay.

Generally, no fees will be incurred whether you use your credit card's own online banking or other online banking to make repayments. However, when users use third-party payment platforms to repay, they often pay part of the repayment fee. Therefore, when users make repayments, it is best to use online banking for repayment.

3. Repay the loan on time.

It is very important to repay your credit card on time, because if it is overdue, it will not only accrue overdue interest, but will also be reported to the central bank's credit reporting system by the bank. Therefore, in order to ensure timely repayment, it is best for users to set up automatic repayment. To avoid overdue payment.

Extended information:

1. Credit card repayment methods:

The first method: Bring the credit card and money directly to the bank counter to repay.

Second option: Repay through online banking.

The third type: repay through third-party payment. So, what is the most cost-effective way to repay your credit card? In fact, you can bind your credit card to a savings card and make automatic repayments. You won’t forget to repay, and you won’t exceed the interest-free period. Naturally, this method is the most cost-effective method.

2. How long does it take to report an overdue credit card to the credit report?

1. On the day when the repayment is due, if the cardholder fails to repay in time, there is a grace period. , there will be no penalty interest for repaying the money within the grace period, and it will not be uploaded to the credit reporting system. But if you still haven’t paid back the money after the grace period, it will most likely be uploaded to the personal credit system.

2. The grace period of each bank is also different. Most banks have a grace period of 3 days (this is a natural day, not a working day).

3. If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due repayment date is less than or equal to a certain amount, the cardholder shall be deemed to have repaid in full. This part of the outstanding amount will be automatically transferred to the next bill, and this situation will not be recorded as a bad credit report.

What is the most cost-effective way to pay off a credit card?

1. Direct ATM repayment:

If you don’t have a friend’s credit card, you can directly conduct card-less transactions at the ATM, enter your friend’s credit card number, and transfer the money directly to your friend. On the card, the purpose of repayment can be achieved. If so, you can directly deposit money to repay.

2. Alipay repayment:

1. Log in to your Alipay account, click Application Center - Credit Card Repayment - Credit Card Management

2. Click Add Credit Card

3. Fill in the credit card related information and click OK

4. The credit card is added successfully. You can directly select the set credit card for repayment next time. It is convenient and fast. You can also Choose to modify settings or delete credit card information.

Use Alipay to help others pay off their credit cards. Repayment through the Alipay mobile client is free; repayment through the computer terminal will charge a repayment rate of 0.20%, with a minimum of 2 yuan per transaction and a maximum of 25 yuan per transaction.

Warm reminder: If the account name is consistent with the name of the beneficiary bank, it is repayment for yourself; if the account name is inconsistent with the name of the beneficiary bank, it is repayment for others, including the name of the credit card holder and the name of the Alipay account. The relationship between traditional and simplified characters.

3. Online banking repayment:

First of all, you must open online banking, and then you can directly use online banking to transfer money to the other party's credit card, which can also achieve the purpose of repayment. .

4. Repayment at the business outlet:

After arriving at the business outlet, directly transfer the money to the other party's bank card. The salesperson will execute it after your confirmation, and the repayment is achieved. Purpose.

Note: Whether you are repaying the loan yourself or helping others to repay the loan, you must make the repayment before the minimum repayment date. Otherwise, it will cause overdue payment, damaged credit, and increased interest.

Which credit card repayment method is the most cost-effective

Among the three credit card repayment methods, full repayment is the most cost-effective because this repayment method does not incur interest charges. . This is also the most common repayment method. Generally, credit card overdraft consumption must comply with one's financial capabilities, that is, to avoid expiration and inability to repay. Both installment repayment and the minimum repayment amount require a certain amount of interest. For example, for installment repayment, cardholders can choose to repay according to their own abilities. Each bank will stipulate a different number of installments. Choose installments. There is no interest on the repayment, but a certain handling fee will be charged.

The full repayment amount means that the cardholder repays all the amount payable before the due repayment date (inclusive). The cardholder can enjoy interest-free for a certain period of time as stipulated by the card issuing bank. The repayment period treatment, generally the credit card bill will be issued in an email or paper statement the day after the bill is issued, and the full repayment amount of the current period (total repayment of the current period) will be informed.

Full repayment amount = 100% of the cash advance transaction amount for consumption within the credit limit

Repay the "full repayment amount" in full before the due payment date ", interest will not be charged. It will not affect personal credit.

There is no minimum repayment for cash advances.

After using your credit card, you will receive an electronic statement or paper statement from the bank on the statement date. There are two amounts that we need to note. One is the amount due this period, and the other is the minimum payment amount. It will clearly tell you the minimum payment amount of this period's bill and the full payment of this period's bill, as well as the billing date of this period's bill and the repayment date of this period's bill.

So: the full repayment of a credit card is relative to the minimum repayment. In fact, this is also a major benefit of credit cards. Once you spend money on the credit card and exceed your repayment range, you can choose to repay with the minimum repayment amount, so that it will not affect your personal credit. But this means you can no longer enjoy interest-free benefits.

Instalment repayment - means that there will be multiple repayments, and the principal and interest repaid are divided into each repayment.

Nowadays, the installment financing business is quite popular. Both units and individuals may be exposed to such business, such as mortgage loans when buying a house, installment payment for large-ticket items, etc. However, because many people have no concept of the time value of money, the cost of capital they calculate is often very different from the actual situation.

The bank's installment repayment is a staged repayment business launched in order to avoid penalty interest on the entire consumption limit when the customer is unable to repay the credit card overdraft amount in one go.

Compared with the installment payment business, the application procedures and application scope of installment repayment are different. For example, if Xiao Li wants to use the installment payment service to buy a mobile phone, he should go to a store that cooperates with credit cards. As for the installment repayment business, there is no need to specify the consumption place and consumption category. If the customer realizes that he cannot repay the loan in full on time after swiping the card, he can call to apply.

However, it should be noted that the installment repayment fee is relatively high, which is generally higher than the commercial loan interest rate for the same period.

Sharing useful information: How to pay off your credit card most cost-effectively, don’t miss it if you pass by!

Credit cards can be used for overdraft consumption or cash withdrawals. They are an indispensable part of people's lives. However, no matter how you use your credit card, you must repay it on time every month, and the repayment amount must not be lower than the minimum repayment amount, otherwise it will be overdue and affect your personal credit score. However, there are many credit card repayment methods, and many cardholders want to know which repayment method is the most cost-effective. Here I would like to share with you a credit card repayment guide. It is full of useful information. If you miss this village, you will miss that store.

1. How to repay credit card?

Of course, this must be repaid before the end of the final repayment date. This requires attention to two dates, one is the billing date and the other is the final repayment date.

The billing date refers to the day when the bill is issued every month. The repayment date is the final repayment period, which is generally about 20 days after the billing date. The final repayment date can be calculated from the billing date.

Once you know these two dates, you can repay the loan.

2. What is the most cost-effective way to pay off a credit card?

This can be divided into two aspects, one is based on the repayment method, and the other is based on the interest-free period.

1. Repayment methods:

Credit card repayment methods can be roughly divided into three types, one is full repayment, the other is installment repayment, and the other is minimum repayment. repayment amount.

These three repayment methods can effectively avoid credit card overdue. As for which repayment method to choose, specific problems must be analyzed in detail, and follow the principle of "repay in full if you can, and not in full". If you repay a large amount, choose installments, and if you repay a small amount, choose the lowest amount."

2. Interest-free period:

Only overdraft purchases with credit cards can enjoy the interest-free period, not cash withdrawals. The interest-free period is generally as short as 18 days and as long as 56 days. The interest-free period of each bank is different and is mainly calculated based on the statement date. The purpose of achieving the most cost-effective repayment through the interest-free period mentioned here is actually to enjoy the longest interest-free period.

Usually the credit card is swiped the day after the credit card statement date, and sometimes the card is swiped on the bill date, depending on the bank accounting date. If the consumption is credited to the account on the same day, choose to swipe the card the day after the billing date, and then your consumption will be included in the next bill, and the payment will be made on the billing day of the next month, so that you have the longest interest-free period.

Then combined with the repayment method, if you choose to repay in installments after the bill comes out, after the current installment of the bill is completed, the money to be repaid in the first installment will be included in the next installment of the bill, *** You can also enjoy an interest-free period of up to 70 days, which is also more cost-effective.

For example, if a China Merchants Bank credit card is credited on the same day of consumption, the billing date is the 22nd, the repayment date is the 10th, consumption is made on October 23rd, and the bill is issued on November 23rd, and then in the statement After you come out, choose to repay in installments. If there are no other debts, you do not need to repay on December 10th. You will start to pay the first installment when the bill is issued on December 23rd. You only need to pay it off before January 10th. .

How can I repay a credit card cost-effectively?

It is more convenient and cost-effective to repay a credit card through a debit card transfer from the issuing bank.

There are many ways to repay credit cards. Users can repay through WeChat transfer; Alipay transfer and repayment; Online banking transfer and repayment; Mobile banking transfer and ATM machine transfer repayment, etc., through WeChat, Third-party channels such as Alipay need to charge handling fees for credit card repayments. In addition, transfers to credit cards for repayment through other banks also require transfer fees. Therefore, the most convenient and cost-effective way to repay is through the ATM machine of the card issuer, online banking, Transfer and repay through mobile banking and other channels.

For more information on how to pay back credit cards cost-effectively, go to: View more content

This is the introduction on how to pay off credit cards most cost-effectively and how to save money by using several credit cards to pay off. It's over. Did you find the information you need?