When I swipe my credit card, I am very happy, but when it comes to repaying the money, I am often a little overwhelmed. Some cardholders find that there is a limit on their credit card when they are repaying their credit card, so they want to use it to repay. Will this work?

How to use the credit card limit to repay the loan

1. Credit card limit transfer

You can transfer the amount in the credit card to other debit cards, or withdraw cash directly from the ATM machine , and then transfer it back to the credit card. However, there is a handling fee for cash withdrawals by credit card, and the bill must be repaid in full after it comes out. In this way, the pressure to repay will be greater. Do not use this method lightly unless it is absolutely necessary.

2. Payment by credit card

That is, use the POS machine to swipe money and then repay. However, this method is easily subject to bank risk control, so please proceed with caution. You can also help friends swipe their cards to spend, and then ask them to transfer you back. However, the interval between card swiping cannot be too short, and the credit card repayment cannot be made on the same day. It is best to do it separately.

But no method can last as long as tearing down the east wall to repair the west wall. In daily consumption, you should control your hands and feet, consume rationally, and do not put too much repayment pressure on yourself.