Can credit card repayments be transferred directly to the card?

Yes, users can transfer the amount in their savings cards to their credit cards, and the users can repay the money themselves, or they can wait until the repayment date and the system will automatically deduct the money. It is very convenient and fast. The specific operations are as follows: < /p>

1. Use your own bank card (other people’s bank card) to transfer and repay through the bank’s online banking;

2. Make credit card repayments through mobile banking bound to the bank card.

3. Use a third-party repayment platform (Alipay, wallet, etc.) bound to a bank savings card to transfer and repay.

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General credit card repayment methods include the following categories:

1. Repay directly through mobile phones. Mobile phones can also be used to swipe cards directly. You can also make repayments, transfers and other services.

2. Repay through banks. Bank repayment methods generally include bank counters, ATMs, online banking, telephone banking and other repayment methods of the card you hold.

3. Xinpaytong repayment, "Xinpaytong" smart card swiping phone is an innovation independently developed by China UnionPay, certified by the Bank Card Testing Center, and supported by financial services provided by China UnionPay's inter-bank information exchange network electronic products.

4. Repay through Repayment. Use "Repayment" to repay. The fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

Please note the following aspects for credit card repayment:

1. Repayment through other channels, especially third-party payment channels, will involve the issue of credit time, and not all channels can arrive on the same day. Therefore, users should pay attention to the repayment arrival time of the selected channel to avoid overdue payment.

2. If there are no special needs, it is recommended that users apply for a temporary quota with caution, because part of the repayment period consumed using the temporary quota must be paid off in full at one time, and the minimum repayment cannot be used, nor can it be paid in installments. Otherwise it will be considered overdue.

The consequences of overdue bank loans:

1. Penalty interest

Each lending institution has different regulations. As long as it is overdue, penalty interest will occur, and It means that a certain percentage of interest is added to the original interest. The longer the period, the higher the fee.

2. Use collection methods

If the debt is overdue for a long time, the loan institution will send staff to collect the debt. Financial institutions generally will not use violent collection methods, but it will also cause harm to personal life. There will be a certain impact, so it is recommended to repay the loan as early as possible.

3. Impact on credit reporting

As long as the lending institution has access to credit reporting, bad records will be left after overdue credit reporting. If the circumstances are serious, not only will you be included in the list of dishonest persons subject to enforcement, but it will also affect many future businesses, and you may even be restricted from leaving the country and cannot take airplanes, high-speed trains, etc.

Can credit cards be transferred for repayment?

Credit cards support transfer and repayment. Whether you transfer money to the credit card through online banking, mobile banking, counters, ATM machines and other channels, it will be counted as payment. Credit card repayments. However, if the repayment date is not due, try not to deposit money into the credit card. If this part of the money is not used for repayment, it will become an overpayment. When the time comes, a handling fee will be charged for the withdrawal of the overpayment.

Credit cards are credit products provided by banks for overdraft consumption. The main purpose of banks issuing credit cards is to encourage everyone to use credit cards to spend money. Therefore, in order to prevent people from using credit cards to cash out, banks will charge interest on credit card cash withdrawals. and handling fees. At the same time, credit cards do not have the function of transferring money to others.

If you want to use a credit card to transfer money, you can transfer money to a debit card in the name of the cardholder only. This transfer method is equivalent to cash withdrawal. From the day the cardholder transfers the money, the issuing bank will follow Interest is charged at 0.05% of the cash withdrawal amount, and the cash withdrawal interest is compounded on a daily basis until the cardholder pays off the balance. In addition, a handling fee will be charged for transfers. The handling fee is generally charged according to a certain proportion of the transfer amount. Different banks have different handling fee standards.

If there is an overpayment in the cardholder's credit card, that is to say, there are funds deposited in the credit card, or the user has overpaid the amount, then this part of the fund transfer and cash withdrawal does not require interest. , but a handling fee will also be charged.

Although a credit card cannot transfer money to others, others can transfer money to the credit card. When the credit card has an unpaid balance, transferring money to the credit card account is equivalent to repaying the credit card. However, if the credit card When there is no debt owed, transferring money to a credit card is considered as depositing money into the credit card. The funds in the credit card that exceed the credit limit are called "overpayments". There is no "overpayments" deposited into the credit card. Not only is there no interest for interest income, but if you want to withdraw the deposited funds, you will also need to pay cash withdrawal fees. Therefore, if you accidentally deposit money into a credit card, it is best to use the credit card to transfer the deposited funds when making purchases. Consume it. It is not recommended that you deposit money into a credit card if you have no outstanding balance.

Can credit cards be transferred to repay credit cards

Credit cards cannot be transferred and repaid directly between credit cards. You can use one credit card to withdraw cash and repay another credit card, which will result in corresponding Cash withdrawal interest and handling fees.

Direct credit card transfer is equivalent to a cash advance.

If the user does not have funds at his disposal but needs to transfer money, he can withdraw cash through a credit card and then deposit the cash into a debit card before transferring money.

To use this method to transfer money, you must have a debit card from the bank and open one of telephone banking, online banking and mobile banking. Moreover, in addition to handling fees, this type of transfer also charges interest. From the date of transfer, interest is calculated on 50,000% of the daily transfer amount. Moreover, the amount that can generally be transferred is 50% of the credit limit, and there is a daily upper limit. Most banks have a daily limit of 2,000 yuan.

Extended information

There are many disadvantages to using credit card transfers, such as:

1. High cost of cash withdrawal: Not only do you have to pay a handling fee to withdraw cash with a credit card, but you also cannot Enjoy the interest-free period for normal consumption. Interest will be calculated at 50,000 per day starting from the day the cash is withdrawn into your account until the balance is paid off.

2. Full repayment is required at the time of repayment: cash withdrawal is different from overdraft consumption. Full repayment is required on the repayment date, and cannot be paid in installments or lower. If the user's own repayment ability is limited and he uses a credit card to withdraw large amounts of cash, it will inevitably cause difficulty in repayment.

In view of this, cardholders should try to use their debit cards to transfer money if they can. The cost of using a credit card to transfer money is too high.

You can accept remittances from other people, but there is no interest on the money deposited, and if you withdraw it, you will be charged a handling fee and interest as a cash withdrawal.

Baidu Encyclopedia - Credit Card

Can credit cards be transferred

Normally, credit cards cannot be transferred directly. If you want to use a credit card to transfer money, then You can use a credit card to withdraw cash, but this method not only requires a certain handling fee, but also a daily interest rate of 0.5%. Another way is to transfer funds via credit card overpayment, which also charges transaction fees.

There are two possible ways to transfer money by credit card:

1. The first way is through cash advance: using the credit limit of the credit card to perform the transfer operation. Normally, the bank will A handling fee of 1% of the transfer amount is charged, and interest will accrue on the day of withdrawal. The interest is generally calculated at 0.5%.

2. The second way is through overpayment: If you use overpayment to transfer, you don’t have to pay interest, but you still have to charge a transfer fee. The charging standards of each bank are different. The specific The situation still depends on the card issuing bank’s regulations.

1. If the credit card cannot be transferred, it may be due to the following reasons:

1. The transfer amount has exceeded the overdraft withdrawal limit stipulated by the card-issuing bank. For example, China Construction Bank stipulates that the daily limit per card for mobile banking and personal online banking channels is 20,000 yuan, and the monthly limit is 50,000 yuan.

2. All the cash withdrawal limit in the card has been withdrawn, but the customer has not yet repaid, so there is currently no cash withdrawal limit in the card, so transfers cannot be performed. However, as long as the customer repays the loan on time and the credit limit is restored later, the transfer can be made.

3. The status of the card is different. The magnetic stripe/chip may be damaged; or the account may be frozen by the card-issuing bank, resulting in temporary unavailability. If there is a problem with the receiving bank card, the transfer will not be successful.

4. Credit cards cannot transfer funds to each other. If customers want to transfer money, they can only transfer it to a savings card, which is actually equivalent to a cash advance.

5. The online banking/mobile banking system is busy and is undergoing repairs due to malfunctions.

6. The operation speed is too fast, resulting in timeout.

7. The network connected to the device is not good.

2. Whether credit card transfers count as consumption

Different banks have different regulations on whether credit card transfers count as consumption. Defined according to the rights and benefits of credit card consumption: CITIC Bank credit cards (except New Network Co-branded Card, Yue Card and I Platinum Card, etc.) ordinary card purchases or cash withdrawals will earn 1 point for 1 yuan or HKD. You can earn 8 points by withdrawing 1 US dollar or Euro, and the points for gold or platinum cards are doubled. However, most banks do not recognize credit card transfers or credit card cash withdrawals as consumption. Industrial and Commercial Bank of China and China Merchants Bank clearly point out that credit card cash withdrawals and transfers do not count as consumption, and points cannot be accumulated. The credit card consumption behaviors that Bank of Communications and China Construction Bank do not recognize clearly include: transfer transactions, cash withdrawal transactions, and some online transactions.

3. Whether it is possible to transfer money to repay a credit card

Transferring money to a credit card is considered repayment, so if there is a debt on the credit card, the cardholder can transfer money to repay the credit card. Currently, cardholders can transfer funds to credit cards through online banking, ATM machines, bank counters and third-party payment platforms. It should be noted that transferring money to a credit card will turn into an overpayment when there is no outstanding balance on the credit card. And if the cardholder does not use the credit card for a long time, resulting in overpayment, it will become a credit card bad debt over time. Therefore, when cardholders transfer funds to their credit cards, they must first check the balance outstanding on their credit cards to avoid making excessive transfers.

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That’s it for the introduction of whether it is possible to transfer money directly with a credit card.