If you use your credit card and pay it back at the same time, be careful as you may be "misunderstood" by the bank. Because you spend more and repay less, it may not be conducive to increasing your credit limit, and if you do it frequently, the bank will suspect you. If a cardholder has the behavior of "backing up the card" and it attracts the attention of the bank, if this continues for a long time, the best result is that the card is not blocked and the limit is not raised, and the worst result may be that the card is blocked directly.

1. What are the credit card repayment methods?

1. Repay in full. When the bill comes out, pay it off in one lump sum. This is the best repayment method, but the funds required are also quite large. If the bill amount is 100,000, then 100,000 funds are needed to pay it back.

2. Installment repayment. After the bill comes out, you can repay the current bill in installments. Generally, it can be divided into 3/6/9/12/18/24 installments. This method is relatively less stressful, but it does require a certain amount of responsibility. installment handling fee.

3. Minimum repayment amount. Every bank will give you a minimum repayment amount (10% of the current bill) when issuing a bill. This method is also the least cost-effective repayment method. If the bill amount is large, high interest fees will be paid. The minimum repayment means spending more money to ensure your credit score, but it will only cost you a little more interest.

2. Does credit card installment payment have any impact on personal credit report?

Credit card installments that meet the following two conditions will not have an impact on personal credit:

1. Pay off all the bills before the due date.

2. Pay the minimum payment before the due date of the bill, that is, repay in installments.

Pay off all the bills before the due date.

For non-cash transactions with credit cards, the period from the bank accounting date to the due repayment date is the interest-free repayment period. During this period, as long as you repay the current balance (total amount owed) on the current statement in full, it will not have any impact on your credit record.

Paying the minimum payment amount before the due date of the bill is called installment payment.

The minimum payment is the amount that must be paid on time every month before the due date of the bill in order to maintain a good credit card record. A bill will be generated on the monthly billing day, and repayment needs to be made before the due payment date, which is 18 or 20 days after the billing date. Certain interest will be charged on the remaining unpaid balance.