What is the most cost-effective way to pay off a credit card?

1. Direct ATM repayment:

If you don’t have a friend’s credit card, you can directly conduct card-less transactions at the ATM, enter your friend’s credit card number, and transfer the money directly to your friend. On the card, the purpose of repayment can be achieved. If so, you can directly deposit money to repay.

2. Alipay repayment:

1. Log in to your Alipay account, click Application Center - Credit Card Repayment - Credit Card Management

2. Click Add Credit Card

3. Fill in the credit card related information and click OK

4. The credit card is added successfully. You can directly select the set credit card for repayment next time. It is convenient and fast. You can also Choose to modify settings or delete credit card information.

Use Alipay to help others pay off their credit cards. Repayment through the Alipay mobile client is free; repayment through the computer terminal will charge a repayment rate of 0.20%, with a minimum of 2 yuan per transaction and a maximum of 25 yuan per transaction.

Warm reminder: If the account name is consistent with the name of the beneficiary bank, it is repayment for yourself; if the account name is inconsistent with the name of the beneficiary bank, it is repayment for others, including the name of the credit card holder and the name of the Alipay account. The relationship between traditional and simplified characters.

3. Online banking repayment:

First of all, you must open online banking, and then you can directly use online banking to transfer money to the other party's credit card, which can also achieve the purpose of repayment. .

4. Repayment at the business outlet:

After arriving at the business outlet, directly transfer the money to the other party's bank card. The salesperson will execute it after your confirmation, and the repayment is achieved. Purpose.

Note: Whether you are repaying the loan yourself or helping others to repay the loan, you must make the repayment before the minimum repayment date. Otherwise, it will cause overdue payment, damaged credit, and increased interest.

What is the most cost-effective way to repay a credit card?

01. First of all, everyone must master a method. Credit card repayments generally take 20 to 50 days, which means that the longest time is 50. Period, so everyone must choose the billing date when swiping the card, so that your repayment will take more than 50 days.

02. Some people think that in the short term, they choose the minimum repayment amount. In fact, this is wrong. In this way, they charge high interest, which is actually a bit of a loss. It is best to repay the loan in one lump sum.

03. However, everyone must also learn to use cards to maintain their cards, that is, transfer the money from one card to the card with outstanding debt, so that even if you have no money on the repayment day, you can still Still served.

04. The last thing I want to say is, when using a credit card, never default. Your poor credit record will seriously affect your future home and car loan situations.

Credit card repayment methods can be divided into three types: full repayment, installment repayment and minimum repayment amount. Minimum repayment and installment repayment will incur additional fees, but full repayment will not incur any fees as long as it is repaid within the interest-free period, so it is best to repay in full for credit card repayments. Nowadays, there are more and more cardholders. If bank cards are only used as a tool for deposits and withdrawals, it would be an injustice to them. In fact, from ordinary debit cards to credit cards that can "spend first, repay later", each has its own characteristics. If used properly, not only can you enjoy a lot of convenience, but it can also help cardholders save money and achieve personal financial management purposes. Fully enjoy the modern "card-style" life.

Step 1: Look for the UnionPay logo for inter-bank transactions (including domestic and overseas). Bank cards issued by different banks can be deposited, withdrawn or spent uniformly at ATM machines and POS terminals with the UnionPay logo. When customers withdraw money or swipe their cards, they no longer need to look for the card they hold among various bank card logos as before, but only need to look for the logo.

Step 2: Remember 95516 and the customer service number of the card-issuing bank. If an unsolvable problem arises during the use of the card, please call China UnionPay’s customer service hotline 95516 and the card-issuing bank’s customer service hotline in a timely manner to reduce unnecessary losses.

Step 3: Log in to the UnionPay and card-issuing bank websites frequently to obtain the latest promotional information. China UnionPay and card issuing banks have some preferential activities for cardholders from time to time, such as redeeming points for rewards, exchanging accumulated rewards for card consumption, etc. You can obtain relevant information through the website in a timely manner to bring benefits to your card consumption.

Tip 4: Make full use of debit and credit cards when making purchases by card.

Use debit cards and credit cards together to get lucky draws and points by participating in preferential activities such as card swiping purchases.

Step 5: Use the bank’s free channels to inquire about bank card balances.

Tip 6: When using cards abroad, be sure to choose the UnionPay network to save 2% of the currency conversion fee. When outbound tourists spend money abroad and in Hong Kong and Macao, international card organizations charge part of the currency conversion fee, that is, service fee, in the exchange business. At present, when cardholders of "UnionPay Standard Cards" starting with "62" make purchases abroad, UnionPay only performs currency conversion according to the prescribed exchange rate, saving 2% of the currency conversion fee.

Step 7: Actively redeem UnionPay standard cards prefixed with “62” to enjoy international standard services. Using China UnionPay's international standard BIN number starting with "62", it can not only be used domestically, but can also be used for overseas consumption settlement, allowing cardholders to go abroad in style.

Tip 8: Pay attention to the UnionPay logo of rural credit cooperatives. Cards can also be used across banks in remote areas. Through the China UnionPay exchange network, bank card withdrawals and inquiries can be made at counters of rural credit cooperatives at and below the county level across the country with the UnionPay logo, making full use of the resources of rural credit cooperatives throughout rural towns to provide migrant workers with convenient, fast and high-quality banking Card services.

Tip 9: Use the UnionPay network to make timely inter-bank repayments on credit cards to avoid interest charges. As long as you hold a bank card from a network institution that has enabled inter-bank repayment, you can perform self-service operations at any ATM machine with the UnionPay network and easily complete inter-bank transfers with bank cards. Transaction funds can be instantly transferred from one bank card account to another. Bank card account, real-time payment, convenient and fast.

Tip 10: Pay attention to the local UnionPay innovative business discount information. Mobile phone and phone payment are both convenient and affordable.

Take China Merchants Bank as an example. Its billing date has three options: the 5th, 15th, and 25th of each month, which can be changed once every six months. If your bill date is the 5th, and the last month's bill was issued on January 5th, your card payment on the 6th would have had a 50-day interest-free period, but from January 26th to February 4th, During the date, you can apply to change your billing date. You can adjust the billing date to the 25th of each month. Then your transactions on January 6th will not be billed until February 25th. It will ask you If you repay the loan on March 15th, the interest-free period for your transaction on January 6th will reach 70 days (March 15th - January 6th). If you still feel that it is not long enough, you can repay it on February 25th. After the bill is released and before repayment, apply for bill installment. At this time, the installment of the transaction on January 6th will be delayed by one month to March 25th before being credited to the bill, so that you will not be required to start repayment until April 15th. In this way, the interest-free period for your transaction on January 6th will reach 100 days (from April 15th to January 6th), which is equivalent to more than 3 months of short-term credit, and the cost is only the handling fee of one installment of the bill.

What is the most reasonable way to pay off a credit card?

You can bind your credit card to a savings card and repay automatically so that you will not forget to repay or exceed the interest-free period. This method is the most cost-effective way.

For credit card repayment, there are generally three ways:

The first way: Bring the credit card and money directly to the bank counter to repay.

Second option: Repay through online banking.

The third type: repay through third-party payment. So, what is the most cost-effective way to repay your credit card? In fact, you can bind your credit card to a savings card and make automatic repayments. You won’t forget to repay, and you won’t exceed the interest-free period. Naturally, this method is the most cost-effective method.

The so-called automatic binding of credit cards for repayment means that the cardholder binds the credit card and the debit card and agrees that the bank will automatically transfer the credit card bill amount from the debit card to the credit card on the repayment date. Therefore, once bound, the cardholder does not need to perform any operations. As long as there is money in the debit card, it can be done once and for all.

What else should I pay attention to when repaying the loan?

1. Cash withdrawal fees cannot be paid in installments

Occasionally when you need cash urgently, you will use a credit card to withdraw money for urgent use. Everyone knows that there is a handling fee for credit card cash withdrawals, and this The handling fee cannot be divided into installments. If you use a credit card to withdraw cash, remember this account.

2. The temporary limit cannot be divided into installments

Similar to the cash withdrawal fee, the temporary limit is used to relieve the credit card limit in seconds, and can avoid the embarrassing situation of insufficient limit during holiday consumption. However, the temporary quota used cannot be installmentd, and you must pay back as much as you use.

Therefore, card friends, when using the temporary limit, do not use too much money~

This is the best introduction to how to repay credit card payments.