Credit card prepayment will not affect the cardholder. Credit cards can be repaid on the repayment date at the latest, and cardholders can repay at other times, such as spending on the same day and repaying the next day. In addition, credit cards have an interest-free period. As long as the cardholder pays off the bill in full on or before the last payment date, the bank will not charge the interest generated by overdraft consumption, and the interest on cash withdrawal will be charged normally.

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How does prepayment perform in credit reporting?

Your loan or mortgage has been repaid in advance. If all of them are repaid in advance, the credit record will show that the balance as of your repayment date is 0. If partial repayment is made in advance, the credit record will show that the balance is your remaining principal as of the repayment date. So you paid in advance, but the repayment record of the corresponding credit will be updated, so it has no effect.

1. Repaying your credit card in advance will help you maintain a good repayment habit. The credit report shows that your personal credit is good. Generally speaking, because you actively repay the loan and leave a good impression on the bank, when you apply for a new credit card, the approval will be faster and it will be easier to raise the limit.

2. Early repayment of personal loans does not necessarily mean that you have strong repayment ability and good credit. Judging from the loan contract, early repayment is a breach of contract, and the borrower should bear the corresponding liability for breach of contract and pay a certain amount of liquidated damages as agreed in the contract. It is understood that when lenders submit users' "advance payment" information to the credit information system of the People's Bank of China, some lenders will regard "advance payment" as negative information in "special transactions". But in any case, you just repaid the loan in advance, and there will be no bad record. So, your personal credit record is still good.

Do you want to pay in advance?

This is not recommended. Because credit cards have an interest-free period, there is no need to overdraw the line to pay interest during the interest-free period (that is, before the repayment date). During this period, you can get benefits from your financial management, which is much more cost-effective than prepayment.

First, prepayment means that you keep telling the bank that you are not highly dependent on credit cards and are unwilling to overdraw, so there is little room for cash withdrawal from credit cards in the future.

Second, the advance of credit card also means giving up the interest-free period, which reduces the efficiency of capital use. Credit cards generally have an interest-free period of more than one month, and you can repay them on the repayment date after the bill. If you pay in advance every time, it means that you have given up this benefit.