What are the consequences of paying off a credit card early? It doesn't matter if you pay off your credit card in advance. The bank itself supports early repayment. Credit cards also enjoy an interest-free period, so as long as the payment is made on time and in full before the repayment date (inclusive), no interest will accrue, and customers only need to repay the principal of the purchase. Therefore, there is actually not much difference between choosing to repay in advance before the repayment date and repaying on the repayment date. Of course, if the credit card bill contains parts that have not been paid off before or the customer has made cash withdrawals on the credit card, they will no longer be able to enjoy the interest-free period. In this case, if the customer makes early repayment, the interest to be paid will naturally be reduced. However, if the borrower repays the loan too many times in advance, the bank may conduct risk control because it will not receive any income. Although credit card installment banks will not charge interest, they will charge corresponding handling fees. In many cases, banks will charge a handling fee for the entire installment when everyone pays the down payment. Even if the cardholder chooses to repay in advance in the future, the bank will not refund the handling fee. Moreover, everyone will sign relevant contracts when applying for credit card installments, and early repayment is a breach of contract and will leave a bad impression on the bank. The above is the sharing of relevant content on "What are the consequences of paying off your credit card early?" I hope it can help everyone!