In addition to overdraft consumption, credit cards can also be withdrawn, no matter which way they are used.

We know that credit card withdrawal will also be paid on the day of the bill. According to conventional thinking, you only need to pay it back on the repayment date. This is true, but it may not be rewarded. After all, the credit card will involve an interest, and the daily interest will be five ten thousandths from the date of withdrawal to the date of bill. If repayment is made on the repayment date, the interest generated from the bookkeeping date to the repayment date will be calculated from the next bookkeeping date.

In addition, the order of credit card repayment is to deduct interest first, and then deduct principal. Many people originally planned to pay off the principal before paying off the interest. Unexpectedly, the interest was deducted first, and the remaining money was definitely not enough to repay the principal. If the principal is not paid off, it will continue to generate interest and compound interest on a monthly basis, which is obviously not cost-effective.

Therefore, it is best to withdraw cash with a credit card on the day of the bill, and repay according to the amount owed, without delaying it to the repayment date. Of course, it can also be returned on the same day, but there is a one-day interest and withdrawal fee.

In short, credit card withdrawal and repayment should not be delayed for too long, otherwise it will generate a lot of interest.

Precautions:

1, in 2022, cash withdrawal by credit card can't meet the minimum repayment requirements. You need to repay the principal+handling fee and the interest generated in one lump sum on the repayment date. If you don't know exactly how much you want to pay back, just pay back according to the amount owed on the bill, and there is no big problem with how much you owe in total.

2. Don't withdraw cash from the credit card too frequently. It doesn't matter much to eat once every 2-3 months. Never withdraw cash every month. It will make banks question the shortage of funds and insufficient repayment ability, which is not conducive to credit card cash withdrawal and new credit cards.

First, when many people apply for loans, they accidentally find that they have no expected bad records, which makes people who think they have no consumption expectations feel puzzled. Upon inquiry, they found that this is their own credit card for many years, and they did not pay the annual fee, resulting in a bad overdue record. In addition, some banks will charge an annual fee even if they have not activated their credit cards.

Second, if the annual fee is overdue, the cardholder should repay it in full as soon as possible and call the issuing bank in time, indicating that you are not maliciously delaying. Pay the annual fee first and consult the bank's bad credit record. If bad records are caused, see if you can cancel the records or ask the bank to handle them further, and apply to the bank for bank staff to coordinate and eliminate bad records. If the complaint is invalid, please ask the bank to issue a non-malicious overdue certificate for you.

Third, apply to the People's Bank of China to eliminate bad records. You need to explain that you have not maliciously defaulted on the annual fee. Need to return the repayment records of annual fee, credit card and ID card. When you know this information, you can apply to the local people's bank immediately, and you will usually receive a reply within 15 working days. If the information is complete, the bad records will be cleared.

Third, the "Regulations on the Administration of Credit Information Industry" stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or events; More than 5 years, should be deleted.