How to set up automatic credit card repayment

Credit card automatic repayment can be set up at bank counters, online banking APPs, and third-party payment platforms. Bank counter settings: Go to the bank branch with your ID card, credit card, and bank card to open a credit card account, and set it up through the bank teller. Automatic repayment requires a credit card to be bound to a savings card. After setting the repayment date, the payment will be automatically deducted from the bound savings card, so users do not need to manually repay.

Online banking APP settings: Take the Mobile Life 8.5.10 version of China Merchants Credit Card, Apple 13 (IOS15.2 system), and Huawei mate40 (HarmonyOS2 system) as examples. 1. After logging into the APP, search for "Reservation Repayment" on the homepage and click to enter.

2. Select "RMB Settings" in the new page.

3. Set the repayment cycle and repayment date on the new page, and select "Repay in Full" and the order of deductions.

4. If you have not bound a bank card before, you need to add a bank card in the options.

5. After adding the bank card, click "Agree Agreement and Setup" below.

Third-party payment platform settings: Take Alipay version 10.2.50, Apple 13 (IOS15.2 system), and Huawei mate40 (HarmonyOS2 system) as examples. Alipay automatic repayment: 1. The user opens Alipay and Search "credit card repayment" on the homepage to enter the official service.

2. Add the credit card account that needs to be set up.

3. After binding the credit card, click on the credit card to enter the new page.

4. Click "More Repayment Methods" at the bottom of the new page.

5. Select “Schedule Repayment”.

6. Set the deduction date, repayment amount, and agree to the agreement on the new page to make an appointment.

It should be noted that the repayment amount in Alipay should be set as high as possible, and the funds in Alipay must be sufficient. Otherwise, if the amount set is not enough to repay the credit card bill in full, it will become overdue. Repayment records.

In addition, it can also be handled by phone: the user directly dials the customer service number of the corresponding bank, follows the voice prompts and transfers to manual, and allows the staff to set up automatic repayment.

I would like to remind everyone that whether the credit card repays automatically or goes to a bank branch to repay, in short, the account due must be paid off on time, otherwise the repayment period will be exceeded. Overdue processing, all credit card transaction records will be recorded in the credit report, and such overdue records will cause credit stains.

Will it be paid back automatically when I deposit money into a credit card?

Yes.

When you deposit money with a credit card, the system will initiate a deduction for automatic repayment on the repayment date. The money usually stored in the card is the overpayment, and the overflow payment will be used first when swiping the card. . It is not recommended to deposit money in a credit card, because interest is not calculated on overpayments, and users will lose money if they deposit too much.

Nowadays, more and more people are using credit cards for consumption. In order to avoid being overdue and affecting their credit score, they must repay on time. Some cardholders want to know whether the money deposited will be automatically repaid when they go to the card after their credit card statement comes out. Let’s take a look.

In fact, whether the money deposited in the credit card will be automatically repaid needs to be discussed in two situations.

1. If it is a general consumer debt, regardless of whether the credit card bill comes out, as long as there is a debt, the money deposited in the credit card will be automatically repaid, and the excess money after the repayment will be paid in excess. exists in the form of payment. If you want to reduce your credit card debt ratio, it is recommended that you deposit enough money into your credit card that is already overdrafted on the credit card bill day, so that you can create zero bills.

2. If you have already applied for installment and deposit money into your credit card, the repayment will not be automatic before the bill comes out, and after the bill comes out, you will only repay the current debt instead of putting it into the account. The total amount of the installment is paid off in full.

If you want to pay off the installment money in advance, you need to apply to the bank to terminate the installment. After the bank's approval, the money will be deposited into the credit card and the repayment will be automatic.

It should be noted that the automatic repayment of the money deposited by the credit card is in the order in which it is credited.

Usually repayment is in the order of bills issued and unpaid bills, and the portion of bills issued and the portion not issued are based on annual fees, interest, fees, cash advance principal, or transfer transactions. The principal and card consumption principal are paid off one by one in the order.

For example: the bill date is the 5th, the bill amount on 1/5 is ￥3000, the consumption on 1/7 is ￥1000, and the cash withdrawal on 1/8 is ￥2000, the total debt is 5020 yuan. After the bill comes out, go to the credit card If 5,020 yuan is deposited in the account, 3,000 yuan of the bill amount will be deducted first, then 2,000 yuan of cash withdrawals will be deducted, and then 1,000 yuan of consumption will be deducted.

How do you set up automatic repayment for a Bank of China credit card?

When filling out the application form, you can select "Automatic repayment" in the "Repayment Information" column and provide your Current savings, one-stop account, debit card of Bank of China in your name, Great Wall credit card issued by the head office or debit card of another bank in your name. Or apply for automatic repayment through credit card WeChat official account, Colorful Life APP, online banking, mobile banking, counter, customer service hotline and other channels.

1. (The automatic repayment service is activated before the bill date) The current bill will take effect/(Apply for activation after the bill date) The next bill will take effect, and the payment will be deducted on the due repayment date. If the deduction fails on the due payment date, there will be a second deduction.

2. After it takes effect, please ensure that your account balance is sufficient one day before the due repayment date. If the account balance is insufficient, the bank will deduct the money based on the current maximum balance of the account. Please follow the SMS prompts to make repayment.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

Is credit card repayment automatically deducted

Credit card repayment has an automatic repayment function. If you take the initiative to repay in advance, the bank will receive the repayment on the repayment date. Naturally, there will be no further deductions on that day. If you pay off your credit card in advance, the money will generally arrive before the repayment date. Once the bank has received the repayment, it will naturally not make any further deductions on the repayment date. If you make manual repayment on the repayment date, the system will automatically deduct the payment on that day. If you make manual repayment before the repayment date, the system will not automatically deduct the payment again.

The most common way to use credit cards is to swipe your card at the POS machine, which is a way to swipe your card online. When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid, and slide the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect to the bank, etc. for payment, and enter the corresponding amount. From the perspective of cardholders, online payment is considered to be the riskiest of the credit card payment methods, because malicious people may use phishing, eavesdropping on network information, fake payments and other means to steal user information. When paying online, you need to enter , credit card validity period, online transaction password, and sometimes your name, verification code randomly generated by the web page, etc.

Credit card repayment methods include: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day. Microbank POS mobile phone Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. Instant payment. Transfer/remittance repayment is mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

The more common domestic online platforms for online repayment include: UnionPay Online, Kuaiqian, Shengpay, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different. Xinpaytong Repayment "Xinpaytong" smart credit card phone is an innovative electronic product 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.

How to make automatic repayment with a Bank of China credit card?

Automatic repayment method of Bank of China credit card:

When filling out the application form, you can select "Automatic repayment" in the "Repayment Information" column and provide your name. Current savings, one-stop account, debit card under Bank of China, Great Wall credit card issued by Bank of China Head Office or debit card from another bank in my name. Or apply for automatic repayment through the Bank of China Credit Card WeChat official account, Colorful Life APP, personal online banking, mobile banking, counter, Bank of China Credit Card customer service hotline 4006695566 and other channels.

1. (The automatic repayment service is activated before the bill date) The current bill will take effect/(Apply for activation after the bill date) The next bill will take effect, and the payment will be deducted on the due repayment date. If the deduction fails on the due payment date, there will be a second deduction.

2. After it takes effect, please ensure that your account balance is sufficient one day before the due repayment date. If the account balance is insufficient, Bank of China will debit the account according to the current maximum balance. Please follow the SMS prompts to repay. .

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

That’s it for the introduction of whether credit cards can be repaid automatically.