What to do if the credit card expires and cannot be repaid

The credit card has expired and the money has not been repaid. Users can still deposit money into the expired card to repay.

If the deposit fails, the user needs to go to the bank counter for repayment.

After the credit card expires, the bank will stop the credit card overdraft consumption, cash withdrawal and transfer functions, but the repayment function is generally normal, that is, the user can continue to repay the credit card after the credit card expires.

If the user still needs to use the card in the future, he can ask the bank to renew the card. After the bank sends the new card and the user receives the new card and activates it, the old card will be invalidated directly.

Extended information:

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay;

A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most domestic banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment at the mall and indicate that you need to pay in installments.

The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues). Note: Cardholder identity verification is required when doing shopping mall installments, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank.

As long as the products that can be paid in installments are products that are normally sold in the shopping mall, they can generally be paid in installments. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Mail order installment means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.

Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent.

However, please note that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully.

The disadvantage of bill installment is that the handling fee cannot be waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.

How to repay a Bank of China credit card that is overdue?

Bank of China credit card repayment methods can be divided into: active repayment and automatic repayment.

1. Active repayment: You can choose to repay via Bank of China Mobile Banking, Bank of China Personal Online Banking, Colorful Life APP, "Bank of China Credit Card" WeChat official account, Bank of China counters, self-service terminals and other channels. At the same time, Bank of China also supports inter-bank transfers, and third-party repayment methods such as WeChat, Alipay, Lakala, and Tenpay for active repayment. If you choose a third-party repayment, a certain fee may be charged. Please consult the transferor for the specific amount. Since the third-party channel cannot arrive in real time, please make active repayment at least 3 working days in advance.

2. Automatic repayment: Combine your Bank of China Great Wall electronic debit card, ordinary current savings passbook, current current all-in-one passbook, Great Wall RMB credit card or other bank’s debit card with your Chinese Bank credit card association. On the due payment date, money will be automatically deducted from the associated repayment account to repay your Bank of China credit card's current bill. You only need to ensure that the repayment account has sufficient funds and is in normal condition one day before the due payment date.

The above content is for your reference, please refer to actual business regulations.

How to pay off a credit card that is overdue? Try these methods

Many cardholders want to simply not repay the credit card after it is overdue. This is actually wrong. Failure to repay the credit card overdue will not only result in high penalty interest, but also serious bad debts. Credit can never be eliminated, so it is best for overdue cardholders to pay off their credit as soon as possible. So, how do you repay an overdue credit card? Let’s take a look below.

1. How do you know if your credit card is overdue?

Under normal circumstances, a credit card payment is considered overdue if it is not repaid by the due date. However, some banks will have a 3-day interest-free period. If the payment is made within 3 days after the final payment date, it will not be considered overdue. It must be overdue within 3 days. If you are really not sure whether there is an overdue account, you can check it through these methods:

1. Log in to the online banking/credit card website and enter the personal account page on the credit card homepage. The system will automatically identify overdue customers. Once they are overdue, they will be displayed on the page. Display overdue reminder;

2. SMS reminder. Many banks will send overdue SMS to remind customers to repay. Receiving such SMS must mean that it is overdue;

3. Telephone consultation, direct Call the customer service number of the card issuing bank and be transferred to the manual customer service. By the way, you can also ask whether the overdue record has been reported to the central bank’s credit report. If it has not been reported, repay the loan quickly and you may still have time to save the credit report.

2. How to repay a credit card that is overdue?

If your credit card is overdue, penalty interest and liquidated damages will be incurred. However, the penalty interest and liquidated damages are usually included in the next period's bill, so you only need to pay off the credit card balance in this period.

The repayment method is the same as usual. You can repay through mobile banking, online banking, or third-party channels. It is recommended to use free repayment, and the repayment will be received in real time. Repay via other channels to avoid charging one more day of overdue interest.

The above is the relevant introduction to "How to pay off an overdue credit card". I hope it will be helpful to everyone. In short, if your credit card is overdue, be sure not to break the bank. Pay off the debt as early as possible, and the impact will be smaller. Otherwise, the longer the overdue period is, the more interest will be generated. In serious cases, you may be held criminally responsible.

How to repay an expired credit card through these methods

Many people now apply for a credit card, but there will be a certain validity period after the credit card is applied for. After the validity period, it cannot be used. used. So how do you pay off your credit card when it expires? Have you paid attention to it in normal times? Let me give you a detailed explanation below so that you can pay attention to this issue.

After the credit card expires, you can repay the credit card debt normally, but it will affect your use after the expiration date. You can repay through different channels, such as bank counters, online banking, third-party payment platforms, etc. You may need to pay a certain handling fee when using a third-party payment platform to repay.

After your credit card expires, you should contact the bank in time to replace it with a new card. Generally, you can get the new card in about a week, and then you can activate it. The newly applied credit card and security code will change. You can reset the transaction password and query password during activation. At this time, the billing date and repayment date will not change.

If you no longer want to use your credit card after it expires, you can forget about it after paying off all the outstanding balances, and there is no need to cancel it. In fact, when the credit card is about to expire, the bank will contact the cardholder in advance. At this time, you can decide whether to continue to use the credit card based on your actual situation.

When users use credit cards for consumption, they must not exceed their personal burden to avoid being unable to repay on time after use. If you have difficulty repaying the loan, you can use installment repayment or the minimum repayment amount. This repayment method can reduce the monthly repayment amount, but it requires a certain handling fee.

It should be noted that overdue credit card payments will be uploaded to the credit reporting center. When personal credit becomes bad, it will affect the processing of various loans, such as car loans or housing loans. If the debt is not repaid and the amount is relatively large, then the bank will sue the cardholder, and it will be impossible to think about it after the judgment is made.

How to repay an expired credit card (debit card)?

For an expired credit card (debit card), if you receive a new card and it has been activated, directly depositing money into the new card will be regarded as repayment by the user. If a new card is not received, the user's old card has expired. At this time, he needs to go to the bank counter to perform the repayment operation. In fact, before the old card expires, the bank will send a new card to the user, and the user is asked to pay attention to sign for the new card.

After the user receives the new card, as long as he activates the new card, the old card will become invalid even if it does not expire. Therefore, it is best for users to activate the new card before it expires.

Sharing the most correct repayment method after the credit card is overdue

Many friends are familiar with credit cards. You must know that the consequences of overdue credit cards are very serious, and everyone has to pay back the credit card after the expiration date. The payment method is also particular.

First of all, we must be clear that if you cannot pay off your credit card at once after it expires, and you do not apply for personalized installments, but want to pay it back slowly, a little at a time, you must not do this, because in a credit card There is a priority for repayment deductions after overdue payments, and generally the interest and liquidated damages after overdue credit cards are deducted first, and the principal is deducted last. In other words, what everyone pays back in the end is the interest. As for liquidated damages, your principal does not change, and since there is no suspension, repaying it over time will be the same as never repaying it.

So this repayment method after the credit is overdue is futile and completely useless. In fact, there are only two correct repayment methods after the credit is overdue

The first one, This is what we call a one-time repayment. If you don’t open the loan for a short period of time, you can choose this repayment method, because with some banks, you can negotiate with the bank to reduce or reduce the interest if you can pay it off in one go. The same is true for most online loan platforms. Okay, I won’t go into details here. There is also a repayment method, which is personalized installment, which is what everyone often hears about suspended interest payments.

Personalized installments can reduce or reduce a certain amount of interest, and the interest can be suspended. This is a very good choice for friends who have overdue credit cards, especially because many friends have experienced increases in interest and liquidated damages after overdue payments. It’s scary. Personalized installment is the best choice. The longest installment can be 5 years and 60 months, which greatly reduces everyone’s repayment pressure. There are a few things you should pay attention to when negotiating with the bank. Never refuse the bank's collection call, otherwise the bank will think you just don't want to repay.

This is the end of the introduction on how to repay overdue credit cards and interest rates on overdue credit cards. Have you found the information you need?