Current location - Trademark Inquiry Complete Network - Overdue credit card - How to repay the credit card without interest? The key depends on the repayment method.
How to repay the credit card without interest? The key depends on the repayment method.
Everyone should know that credit cards must be repaid on time after use, but many people find that interest will be generated when credit cards are repaid, and the key is related to the repayment method. How to repay the credit card without interest? Here are some common methods for comparison, for your reference.

How to repay the credit card without interest?

There are four common repayment methods for credit cards: full repayment, minimum repayment, installment repayment and deferred repayment. Choosing different repayment methods will have different effects, especially in interest. Some repayment methods will not happen, while others will happen, as follows:

1. Full repayment: After the credit card bill comes out, the current payable amount will be displayed. If the debtor's repayment amount is consistent with the current repayment amount, it is full repayment. As long as the type of credit card bill arrears does not include various interest rates, there is no need to pay interest if you choose to repay in full.

2. Minimum repayment amount: there will be two repayments when the credit card bill comes out, one is the current repayment amount and the other is the minimum repayment amount. The minimum repayment amount will not be overdue, but the interest on the remaining unpaid part will be calculated in full from the date of recording a single consumption, with a daily interest rate of 0.5 ‰ until each consumption debt is paid off.

3. installment repayment: this repayment method is characterized by interest-free and not free. Although you don't need to charge interest, you have to pay the installment fee, which depends on the number of installments you choose. If the installment repayment needs the approval of the bank before repayment, it should generally be handled from the billing date to the repayment date.

4. Deferred repayment: interest is not required for deferred repayment, but the deferred repayment fee will be paid according to a certain proportion of the deferred repayment amount. However, only a few banks can provide this service for deferred repayment, so it is recommended to consult the issuing bank.

The above is the introduction of "how to repay the credit card without interest", and I hope it will help everyone.