How to repay a credit card

You can repay through online banking, Alipay, etc., or you can bind a debit card to activate the automatic repayment function to repay, but you must make sure that you The repayment amount is not less than the minimum repayment amount of the current bill. First of all, you need to know the final payment time for this month’s consumption. After all, different credit card repayment times determine the repayment time. If the credit card is used for consumption before the bill date, the consumption amount is the bill amount for the accounting period and needs to be repaid before the end of the last repayment date of this month; if the bill is debited in the future, the bill will be issued next month. Then pay it back the next month.

How to repay with credit card; credit card repayment methods

Credit card repayment methods include

1. ATM repayment. Go to the bank's ATM and deposit money by inserting your card.

2. Mobile banking repayment. All major banks have mobile banking software. After being installed on your mobile phone, you can use it to repay Alipay to your credit card. WeChat can also operate it.

3. Repayment at bank counter. Go to bank branches to apply for credit cards, ID cards and cash, and handle credit card repayment at the counter.

1. Automatic repayment is easy to be overdue:

You may say that the purpose of automatic repayment is to avoid forgetting the repayment time and causing overdue payment. Why expired? It’s easy to understand. Although automatic repayment will be deducted from your bound repayment debit card, the premise is that there is enough money in your card to deduct the payment, otherwise the deduction will fail and the repayment will naturally expire if you do not take the initiative to repay.

2. Overpayment without interest:

The so-called overpayment means that you pay more money when you repay the money. For example, your bill amount is 2,000 yuan, and you repaid 2,100 yuan. Although overpaying can avoid overdue payments, credit cards are not like debit cards. The money you pay back will not only accrue interest, but may also be charged fees, which is quite embarrassing.

3. Minimum interest repayment amount:

Many cardholders are unable to repay the loan in full. Since the minimum repayment amount is 10% of the bill amount, they think this repayment method will pay the least, so when the minimum repayment amount is sufficient, they will not give it a second thought. But next month, when the bill is introduced, it will be a big surprise. In addition to the principal, interest must be paid, and the interest must be paid in full at a daily interest rate of 5/10,000 from the day of consumption. If you always pay the minimum payment, the interest will be severe and it will expire sooner or later.

: A credit card, also known as a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with credit qualifications. It takes the form of a card with the name, expiration date, and cardholder's name printed on the front, and a magnetic strip and signature strip printed on the back. Consumers holding credit cards can go to specialized commercial service departments for shopping or consumption, and banks will settle accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

The relevant legal provisions of credit cards in our country (the Standing Committee of the National People's Congress interpreted the criminal law provisions of credit cards in the People's Republic of China) refer to payment cards issued by electronic commercial banks or other financial institutions. All or part of consumer payment, credit loans, transfer settlement, deposits and withdrawals and other functions.

Credit card consumption is a non-cash transaction payment method that does not require cash payment at the time of consumption and is repaid on the settlement date.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume first and then repay within the credit limit. A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of provident fund according to regulations. When the balance of the provident fund account is insufficient, the cardholder can overdraw within the prescribed credit limit. The credit card mentioned here generally refers only to the credit card itself.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on the Trial of Certain Civil Issues concerning Bank Cards”.

How to pay off a credit card account

1. Deposit money at an ATM machine: Just go to the deposit machine and deposit money into the credit card. The extra money you deposit can also be used for consumption. 2. Repayment at the counter: You can also repay at the bank counter. 3. Repayment by transfer: Transfer money to a credit card through transfer. Please note that transfers across banks and cities are subject to handling fees. 4. Bind a bank card for automatic repayment: You can bind a savings card, so that every repayment date will be automatically repaid for you. Of course, it must be from the same bank as the credit card, and you must also ensure that you save on the repayment date. The card must have enough money, otherwise interest will be calculated if the repayment fails. 5. Alipay and Tenpay repayment: You can repay the credit card through Alipay or Tenpay. There is currently no handling fee. To sum up, credit cards generally have an interest-free period of 20 to 50 days, and we do not need to pay interest during this period of repayment. For us, when using a credit card, we must clearly know how to calculate the repayment date, so that we can pay back in time to avoid overdue payments. Because once it is overdue, it may affect our credit record, and in serious cases, it may violate the law, and the gain outweighs the loss.

There are several ways to repay credit cards and how to operate them

There are four ways to repay credit cards. The detailed steps are as follows:

1. Bundled debit card repayment

The bundled savings card means that when you apply for a credit card, it is bound to the bank's savings card. Most cardholders use it as a salary card. Then the last repayment date of the credit card is after the salary punch-in date, then the bank will automatically deduct the amount when the repayment comes. There is no need to remember the time. You only need to ensure that there is enough money in the debit card, and it also saves the money. Most of the time.

2. Online transfer through online banking

When using a credit card, you can open the online banking of the card-issuing bank, so you don’t have to worry about not being able to find the bank and not being able to pay. Just turn on your computer and log in to online banking, enter your password, and complete the repayment easily with a few clicks of the mouse, without paying any handling fees.

3. Third-party repayment

Most customers who choose third-party payment are inconvenient to repay their credit cards and do not want to go to banks from home to home, so they can download a repayment app for their mobile phones. With the payment software, you can complete the repayment business for free with just a swipe of your mobile phone. At present, there are Alipay wallets, as well as mobile life such as China Merchants Bank, or WeChat, now launched on mobile phones, which can also repay credit cards online.

4. Lakala Repayment

Customers who choose Lakala must be in a small number of banks and cannot find any bank branch option. For example, Citibank. There are only two banks in Beijing, and this is where Lakala comes in handy.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

Inter-bank transfers/remittances and repayments are mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Credit card online repayment is one of the main repayment methods for credit card repayments at the bank where the account is opened. Online repayment has become a common repayment method for the majority of credit card users.

1. For the payee account name, fill in the name of the credit card holder.

2. The payee’s account opening bank: fill in the “Account Opening Bank Credit Card Center”.

3. Transfer to the payee’s account number: fill in the 16-digit credit card number.

4. Remarks: Fill in "Credit Card Repayment".

This is the end of the introduction on how to pay off a credit card and how to pay off a credit card. I wonder if you have found the information you need?