How to repay a credit card?

Credit card usage and repayment methods: The use of credit cards must follow the principles of compliance, moderation, authenticity, etc. The cardholder must be within the scope of use specified by the bank. Use the credit card limit within the limit, and cashing out and lending credit cards is prohibited. The main repayment methods include: linked debit card repayment, self-service transfer repayment, cash repayment, and installment repayment.

First, there is a function in credit card repayment called "minimum repayment amount", which means repayment is carried out according to the minimum repayment amount stipulated by the card issuing bank. The minimum repayment amount is about 10% of the bill amount. However, only paying the minimum repayment amount will cause some problems:

1. The bank will charge the unpaid portion at a rate of 50,000 per day from the bank accounting date to the repayment date. Loan interest;

2. Paying the minimum repayment amount will make the bank think that the cardholder is short of money, which is not conducive to improving the overall credit card score;

3. Paying the minimum repayment amount will Letting the credit card debt ratio increase will not be conducive to subsequent increases.

It is recommended that if you have the ability to repay, you should choose to repay in full. After all, it is not cost-effective to pay a large amount of interest to pay the minimum repayment amount.

Second, a credit card is a credit product, that is, the bank lends the cardholder a sum of credit funds, which must be repaid, but the credit card has a certain interest-free period, which allows the cardholder to Using the funds in your credit card for free during the interest-free period is equivalent to delaying the money you owe the bank until it can no longer be delayed, and you don't have to pay interest.

Third, credit card repayment methods:

1. Over-the-counter repayment: Take your credit card to the counter of the bank where the credit card belongs to make repayment, but this repayment method not only goes to It is troublesome to go to the bank by yourself, and queuing up to register is also a waste of time, so many people generally do not choose this method.

2. Use ATM for self-service repayment: It mainly refers to depositing money into a credit card at the ATM to repay the loan. However, since you can only deposit a hundred dollars at the ATM, it is not particularly flexible, and The distribution density of ATMs in cities is not high, so many people will not choose this repayment method.

3. Linking other bank cards for repayment: refers to binding the credit card to the debit card of the same person for repayment. After the binding is successful, the bank will automatically deduct money from the bound debit card for repayment on the monthly repayment date. As long as the money in the debit card is ensured each month and there is enough balance to pay off the balance of the previous bill period, Just borrow money. This method is convenient and efficient, and you don't have to worry about overdue matters. It is the choice of many credit card users today.

How to repay with credit card

Credit card repayment method:

1. Repay over the counter. Take the repayment funds to the bank counter for repayment.

2. Repay at self-service deposit and withdrawal machines. You can repay the money by depositing the funds into the repayment account.

3. The repayment account will be automatically deducted for repayment.

1. Things to note when using credit cards:

1. Pay attention to two dates: billing date and repayment date

Generally, the repayment date is after the billing date. 20 days or 25 days. If the card is swiped one day after the bill date, the interest-free period will be the longest. If the card is swiped the day before the bill date, the interest-free period will be the shortest.

2. Protect the credit card information

The three most critical information on the credit card: validity period and CVV code affect the security of your card use. Especially the CVV code, which is as important as the password. It is recommended to use correction fluid or stickers to cover the CVV code. Some people even use a razor blade to scratch off the CVV code and keep those three numbers in mind.

3. Only by swiping your card frequently will you be able to avoid annual fees; only by paying your bills on time can you raise your credit limit

Generally, the annual fee can be waived if you swipe your credit card six times. Therefore, you must pay the annual fee, swipe your card more often, and increase your credit card limit. At the same time, pay back on time and maintain a good credit record. This is also a way to increase your credit limit. And now mobile POS cardless payment is also very convenient and belongs to online consumption. Combined with daily offline consumption, multiple combinations can be used.

4. Choose the repayment method that suits you best

In this information age, repayment methods are diversified. It is not necessary to go to a bank branch or a teller machine to transfer funds. Repayment.

5. If it does not work, or the repayment is delayed due to something, you can call customer service to apply for an extension of repayment

If your funds cannot be turned over temporarily, or the repayment is delayed due to something. Don’t worry about repayment, call the bank customer service immediately and apply for an extension of one to three days to repay.

2. Reasons for rejection of credit card application:

1. Unclear personal credit report

It is normal for those with poor credit records to be rejected when applying for a credit card. . Before applying, be sure to check your credit report for the past year.

2. The basic conditions are not up to standard

You are underage or your job is not stable enough, which makes the bank feel that you have no ability to repay.

3. There are problems with the application materials

On the one hand, applying for a credit card requires the preparation of complete information, ranging from basic personal information to proof of financial resources. If the applicant provides detailed application information and it can be effectively verified, the possibility of credit card approval will be greatly increased. On the other hand, filling out the application form is also a technical job. For example, the recommender, company phone number, and card sending address in the application form are all bonus points for applying for a credit card, so don’t ignore them easily!

4. The overall credit score is low and average

Possibly It is because a certain factor in your personal qualifications is not up to standard, causing the comprehensive score to fail to meet the requirements stipulated by the bank. Therefore, in daily life, you must pay attention to all aspects.

How to repay by credit card

The methods of repaying by credit card are:

1. Repay by depositing at an outlet:

Card holders can Bring cash and credit card to the business outlet of the card-issuing bank, submit a repayment application to the staff, and then with their help, deposit the current balance into the credit card to complete the repayment.

2. Automatic repayment by binding a card:

Card holders can bind their credit card to a savings card of the same company, and then deposit it into the savings card before the repayment date of each period. For some cash, just wait for the bank to automatically deduct the money.

3. Online banking transfer and repayment:

Cardholders can log in to the official website of the card issuer, then find the entrance to the credit card center, log in to their personal credit card online banking account, and repay on time in the corresponding repayment option. Just pay.

4. Third-party platform repayment:

Cardholders can repay their credit cards on third-party platforms such as WeChat, Alipay, and UnionPay QuickPass and follow the prompts.