Can I deposit money on a credit card?
Yes.
Credit cards are used to borrow money and spend money, while debit cards are used to save money.
You can deposit, and depositing too much is called "overpayment", but it can also be used for credit card consumption.
You can save money with a credit card, but you should pay attention to the following points:
1. You can also save money into a credit card account, but unlike a debit card (deposit card), you can save money into a credit card account. No matter how much money you save or how long you save it, there will be no interest. Because credit cards are not essentially used for deposits, the money "deposited" is not called a deposit, but an overpayment, which is used for consumption and repayment, and a handling fee may be charged for cash withdrawals.
2. This amount can increase the available limit of the credit card or be directly used for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
3. If you deposit money into a credit card in advance without consumption, the money cannot be withdrawn. If you want to withdraw it, a high handling fee will be charged, so you should try to avoid it. . Saving money in a credit card does not accrue interest, so it is more cost-effective to deposit the money in a debit card.
4. When the credit card limit is sufficient, do not easily deposit money into the credit card. Try to repay the bill in full according to the bill, or set up the debit card associated with the credit card for automatic deduction. Regarding the handling of "overpayment" that has occurred, if the amount is small, try to "redempt" it by swiping your card. Credit card purchases will automatically use the "overpayment" limit by default before using the normal credit limit.
5. As for credit card overpayments with a large amount, try not to withdraw cash directly from self-service equipment: "You might as well use bank channels to 'save the country' - transfer the funds in the credit card to the corresponding debit In the card account, relatively speaking, the transfer fee is capped, which is lower than the overpayment cash withdrawal fee."
How to deposit money into a credit card?
I am very happy to answer the question of the questioner. I hope that some of the editor's personal insights can help the questioner and my friends.
There are two methods for bank card repayment. The first method is that you can log in to your mobile phone and bank account, then click on the credit card page to repay directly through your savings card balance. But the premise is that the debit card and credit card must belong to the same bank, and must be bound in mobile banking at the same time. In this case, you can directly use the balance of the savings card of the same bank. The repayment is done. In addition to mobile banking, there are now many third-party financial apps that can also provide credit card repayment services. For example, mobile apps such as Cloud Quick Pass, Alipay, and WeChat can provide bank card loans, and it is quite convenient without paying handling fees.
In addition to operating on mobile phones, we can also go to local bank branches to make credit card repayments. However, this method is not very convenient and is more suitable for some merchants. For example, some merchants collect less cash every day. If there are more, then it can be used in daily consumption. When making purchases with a credit card and repaying the money, you can bring cash to the self-service teller machines at bank outlets to make cash bank card repayments.
In general, there are basically only these two credit card repayment methods, and other repayment methods are all extensions of these two methods.
The editor here would like to remind everyone that although bank cards are more convenient now, we must consume rationally, use credit cards rationally, avoid excessive consumption, and prevent overdue purchases due to unstable income. , and everyone should be moderate when applying for credit cards. If you apply for multiple credit cards and make malicious cash-outs, your personal credit system will have records. When you apply for home loans or car loans in the future, it will be affected to a certain extent.
Do you guys have anything else to add? We can discuss it together.
How to transfer money to your own credit card and how to deposit money with a credit card
1. ATM transfer steps: 1. Insert the bank card into the ATM machine and enter the password to log in; 2. Select transfer, Enter the payee's account number and click OK; 3. Confirm the payee's account number, enter the transfer amount, and click OK to complete.
2. Steps for online banking transfer: 1. Log in to the bank's official website and click Online Banking to log in; 2. Fill in the correct user name and password to complete the login; 3. Select Transfer - Peer/Inter-bank Transfer, and fill in the payee correctly. Information, click Submit and follow the prompts to complete the operation.
3. Counter transfer steps: Bring your bank card and ID card to the bank counter to deposit money.
Can I deposit money to a credit card?
1. It is possible to deposit money, but you can only make purchases by swiping your card after depositing, and there is no interest on the deposit. Withdrawal is regarded as a cash advance by credit card, and a handling fee is charged but no interest is charged (provided that the withdrawal limit is within the credit card (within the amount of extra deposits), and according to the regulations of the People's Bank of China, credit cards (debit cards) can only withdraw 2,000 yuan or the equivalent in RMB per day. For example, China Merchants Bank Credit Card
2. You can save money. There is no interest on the deposit, which is equivalent to an interest-free debit card. For example, ICBC credit card.
Recommendation: It is not recommended to use a credit card or credit card as a savings card (or debit card). Not to mention no interest, other fees may be incurred, and there are many withdrawal restrictions. Nowadays, many banks offer no charge for opening a savings card, and there is no annual fee for deposits above a certain amount. It is recommended to use a savings card to save money, which is more convenient and cost-effective. Because since it is a credit card (credit card), of course it is mainly for loans.
How to save money with a credit card?
Credit cards can be used to save money.
Credit cards can be used to deposit money into it, and the amount deposited into the credit card is called overpayment. A brief introduction to overpayment:
1. When withdrawing overpayment, some banks will charge a handling fee. The handling fee of Agricultural Bank of China is 1 of the withdrawal amount, and the handling fee of Industrial Bank and Ping An is 0.5. China , industry and commerce, construction, transportation, people's livelihood, and China Everbright Bank are free of charge when withdrawing money from peers in the same city;
2. Overpayments are accumulated on the credit limit, and this limit will be used first when swiping the card for consumption.
3. There will be no deposit interest on the overpayment in your card.
Extended information
The advantages of credit cards are as follows:
1. No deposit is required to make overdraft purchases, and you can enjoy an interest-free period of 20-56 days No interest will be charged for on-time repayment.
2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.
3. You can enjoy discounts when using the card at the bank's designated merchants.
4. Accumulate personal credit and add integrity records to your credit file, which will benefit you throughout your life.
5. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.
6. Spend by swiping your card, collect existing points with some credit cards, and enjoy various discounts and lucky draws throughout the year, allowing you to always be surprised just by using your card.
7. Free monthly mailing statements, allowing you to have a transparent grasp of every consumption expenditure.
8. The unique supplementary card function is suitable for couples to manage finances together or control their children’s financial expenditures.
9. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.
The 10.400 telephone number or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.
11. It is known that domestic credit cards are generally valid for three or five years.
12. Use third-party platforms for business cooperation and provide preferential services to cardholders.