1. Change the billing date and extend the interest-free period. Many banks' credit cards allow you to change the billing date. If your credit card cannot be used temporarily due to special circumstances, you can modify the billing date before the billing date and push the billing date back, thus extending the billing time. However, it should be noted that the billing date can generally only be modified once or twice a year, so please modify it carefully.
2. Apply for repayment time. Most bank credit cards have a grace period of 1-3 days after the final repayment date (ICBC does not have one). If you still cannot pay by the last repayment date, you can call the bank to explain the situation, and then pay it back in a day or two. The payment will not be overdue, but it must not exceed the final grace period, otherwise it will be considered overdue.
3. Failure to pay the minimum payment. Some people will choose the minimum repayment when they can't pay it off for a while, but people who have used credit cards for a long time generally will not choose the minimum repayment. Because the minimum repayment interest is quite high, there is no interest-free period, and often the minimum repayment will affect the credit card limit increase.
4. Pay off the entire bill with a low amount. That is, you can pay off the bill in full with about one-tenth of the bill amount. The method is to start repaying the bill after it comes out, then withdraw the money, and then pay it back in, and so on, until the final repayment date. Just pay it off. This method is very clever, but you must pay attention to the details when operating. If the details are done well, you can easily repay the loan, and it can also play a role in maintaining the card. If you are not careful, your credit card may be reduced or blocked.
5. The bill will be consumed later. The most basic skill in using credit cards is to make reasonable use of the interest-free period. If you spend your money after the billing date, you can enjoy the maximum interest-free period. Especially when making large purchases, be sure to pay attention to your credit card statement date. If you consume the bill later, you can get more than 50 days of interest-free time. For consumption before the bill date, you may spend it today and pay it back tomorrow, which loses the meaning of using a credit card.
6. Repay on the last repayment day. Many novices using credit cards are confused about what is the statement date and what is the final repayment date. Always make repayments as soon as the monthly bill comes out, which greatly reduces the interest-free period of your credit card. There is generally a repayment grace period of about 20 days from the credit card statement date to the final payment date. You can effectively take advantage of the interest-free period by paying on the final payment date. There is no benefit in repaying the loan early. It is better to put your cash in a money fund to earn some interest.
7. Set up automatic repayment. In order to effectively utilize the maximum interest-free period and avoid overdue payments, be sure to use automatic repayment. At present, the credit card repayment functions of Alipay and WeChat are very easy to use. You can set up automatic repayment or scheduled repayment in advance, so you don’t have to worry about remembering the repayment date. Note that when using automatic repayment, you must pay attention to the "fund pool" and ensure that the monetary fund or debit card used for repayment has enough money, otherwise it will be overdue.
8. Change bills for large purchases. After making a large purchase, you can modify the billing date, so as to extend the interest-free period, which can be interest-free for up to 70 days. Although most bank cards support modifying the statement date, this method is a "sideline" technique after all. It can be used occasionally when financial difficulties occur, because credit cards are generally only allowed to modify the statement date 1-2 times a year.