1. Can I prepay my credit card?
Credit cards can be repaid in advance; And there is no handling fee. Under normal circumstances, the repayment order of credit card is to pay the bill first, and then not to pay the bill. The rest of the money becomes "overpayment", and credit card consumption will default to paying the overpayment first. Some banks charge fees for taking out credit card overpayments, which needs to attract the attention of cardholders. That is to say, if we have both the issued bill and the outstanding bill of the credit card, our repayment will offset the issued bill first, and then the remaining money will repay the outstanding bill. Whether it is full repayment or partial repayment, the credit limit of the cardholder's credit card will be restored, but the paid repayment amount will be restored. If the current bill is not paid on the last repayment date, there will be a late payment fee, which may also affect the credit history of the cardholder.
2. Can I prepay by installment?
Credit card installment business involves installment fees, which are charged by some banks in one lump sum and some banks in installments. Generally speaking, if you handle the credit card installment business, you can repay in advance. For example, if you handle the installment of 12, you will have sufficient funds by the sixth installment, and you want to repay in advance, which is ok. However, if the credit card is repaid in advance after installment, the installment fee is often non-refundable or the bank will accept the remaining installment fee. However, at present, ICBC and CITIC in domestic banks do not charge installment fees for the remaining installments, and CITIC credit card fees are charged by installments. In the process of bill or single installment, one-time repayment can be made in advance. After prepaid, the expenses incurred in the previous period will not be refunded, and the expenses that have not yet been incurred will not be charged.
Third, what about prepayment?
1. From the bank's point of view, it is known that banks mainly rely on the difference between deposits and loans to make profits and absorb deposits for lending. Therefore, there are certain lending plans and tasks every year, and there are matching problems such as the sensitivity of asset-liability prices to interest rates in bank risk control.
For example, banks encourage long-term time deposits to make funds less liquid, and then match borrowers. If they repay in advance, it will break the loan balance established by the bank, which is not conducive to bank risk control.
2. From the perspective of credit: Fiona Fang cannot be achieved without rules. If an individual borrows money from relatives and friends, there is no need for complicated procedures, and early repayment will add points to your character. But for institutions, early repayment will be regarded as negative behavior and dishonest behavior.
Generally speaking, lending money to you by a lending institution is a trust in you, which is equivalent to keeping the money in your hand as an item for as long as you say, and then you won't keep it. Obviously it is not trustworthy.
3.P2P perspective: Many P2P platforms issue structured investment products and sell loans as wealth management products. If you repay in advance, then some people will have no income.
4. From the perspective of third-party payment: Some institutions that pay on third-party platforms will repay you at the specified time even if they repay in advance, and they will also bear the default interest, but they cannot arrive in time. There are certain risks, so it is better to repay on time.
If you can repay in advance without penalty interest, you are still willing to come, but you'd better repay on time, which will help increase the quota and reduce the interest handling fee in the future. By the same token, if you pass your own analysis, as long as it is not a bad loan for you, since you have applied, you should make good use of it and repay it at maturity.
Legal basis:
Article 70 of the Measures for the Supervision and Administration of Credit Business of Commercial Banks: Under special circumstances, it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability, and the cardholder still has repayment intention.
Yes, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.
The contents of personalized installment repayment agreement shall at least include:
(a) the balance, structure and currency of the arrears;
(2) The repayment period, method, currency, date and repayment amount of each installment.
(3) Whether annual fees, interest and other fees are charged during the repayment period.
(4) The cardholder can't pay all the relevant funds in the personalized installment repayment agreement.
Commitment not to apply for any bank credit card before settlement:
(five) the rights and obligations of both parties and the liability for breach of contract;
(6) Other matters related to repayment.