First answer the main question: Full repayment in multiple batches through multiple channels!
People who have more than half a year of card use experience must understand one thing: credit cards must not only diversify consumption, but also require diversification, multiple channels, and full repayment!
There are two reasons. One is that for the bank itself, in today's Internet information age, the bank not only needs to know more about your central bank credit report, but also needs to know more about your personal big data. Needless to say, the central bank has a credit report. Banks have the right to inquire, but big data must be obtained from your daily consumer spending and Internet financial loans! You let the bank know more about your positive information. Your limit, your limit increase speed, and your back-end loan will definitely have an advantage over others! The second is that for you personally, the creation of high-quality big data is inseparable from consumer spending and your loan relationship with the bank. Multi-channel repayment is conducive to creating your personal high-quality big data!
There are many channels for credit card repayment, but there is no free lunch in the world. There are only a few platforms that do not charge fees or limits! Today, I will introduce to you a few platforms that are free of handling fees, which are also the platforms that I personally prefer to use in my daily life, for your reference! There are Alipay, MYbank, UnionPay, JD Finance, Suning Finance, Yipay, ATM machines, our bank’s debit cards, credit card APP backend repayments, etc.!
We only focus on online channels, which are convenient and easy to operate!
1. Cloud Quick Pass
Each credit card can make 5 repayments per month, and the repayment is required to be no less than 10 yuan
2. Alipay< /p>
The monthly limit is 2,000. Although the limit is small, it can be repaid in multiple installments. Again: if you have it, you must have more
3. Online Banking
< p> There are not many banks connected to it, and not every bank can repay the credit card. There is no limit on the limit, which is very generous compared to Alipay. It may be because Alibaba is promoting online merchant banking!4. Jingdong Finance
Each bank has a free repayment limit of 10,000, and it has more connected banks than online merchant banks, but most city commercial banks still don’t have it!
5. Suning Finance
As a new generation of e-commerce companies, Suning is backed by Suning Bank. However, the free repayment amount is a bit stingy. 10,000 free credits!
6. Yipay
Everyone knows that Yipay is owned by China Telecom, but not many people use it to pay for credit cards. Like Suning, it offers free repayment of RMB 10,000 per month. Quota!
7. Debit card repayment and credit card APP repayment
1. Repayment through our bank’s debit card client
Here I would like to say something for friends who have many cards For a moment, it doesn’t matter if you have one or two cards. Holders of more than six credit cards may not apply for the bank’s savings card for every credit card.
But I need to explain that it is best to get a debit card after getting a credit card. Deposit cards still have many uses!
a. Credit card limit increase is actually closely related to the usage of debit card. If you want to increase the limit, you have to use your bank’s debit card to make more transactions, spend more money and transfer money to increase the viscosity!
b. The advantage of our bank’s debit card is that the repayment is received immediately, without any delay. When the last day of repayment comes, only our bank’s debit card can save you!
2. Bind repayment to credit card APP
Nowadays, when you apply for a credit card, there will be an item to bind repayment. My suggestion is that it is best to write it down, whether you have it or not. Our bank’s savings card, not only guarantees your repayment, but at least serves as a reminder for you on the repayment date!
8. Repayment is a technical job
Repayment is nothing more than focusing on two dates, the billing date and the repayment date, but repaying a credit card is really a technical job. When should you pay it back? How much more? How to pay it back?
1. If you want to reduce your debt and don’t want your credit debt to be too high, you can advance the bill date one day, and repay it through the bank’s savings card APP, which will be credited immediately, which can play a role in shielding debt!
2. Pay the bill normally and repay it normally
a. You must pay the bill on the first day it comes out. The repayment amount is about 25, which must cover the minimum repayment amount. Use Use our bank’s savings card APP to pay back
b. The repayment cannot be paid off at once, and the repayment frequency cannot be too fast. You must repay and swipe the card at the same time to pay off the bill
< p> c. Diversification, multiple channels and repayment sequenceGenerally speaking, the repayment ratio is 25% each for debit card and credit card binding, and the remaining 50% is paid off through other channels.
The repayment ratio is to pay 25% to the savings card as soon as the bill comes out, covering the minimum repayment first to ensure that it is not overdue.
Except for deposit cards and bank credit cards, which are credited immediately, repayments through other channels are delayed for a certain period of time, so you cannot pay the minimum repayment amount on the repayment date or the grace period!
The above are some of my experiences in paying off credit cards. I hope it will be helpful to you!
Hello, I am a small coffee from Zhongyuan.
Credit cards have become an increasingly important financial tool in people’s lives, providing great convenience to everyone and relieving the financial pressure of some people. Of course, it’s convenient and you have to remember to repay. The bank is very thoughtful and provides you with 3 repayment methods.
1. Full repayment
In this method, the cardholder pays off all the bill charges before the repayment date. If the bill amount is larger, the repayer needs to Having a certain financial strength, which is a preferred method by banks, shows that the cardholder has sufficient spare funds. If you are under pressure to repay, you can choose the following repayment method.
2. Installment repayment
Installment repayment is a method introduced by banks for cardholders who cannot repay in full and are under financial pressure. Your own financial strength is divided into 12 periods, 18 periods, 24 periods, etc. While easing your own pressure, the bank can earn a certain amount of interest and achieve a win-win situation.
3. Minimum repayment
The minimum repayment is generally 10% of the bill amount that needs to be repaid, but the bank will charge interest, which is 0.05%, and is calculated using compound interest. , this repayment method will not affect your credit score, but the amount of interest is relatively high, which seems to alleviate the repayment pressure, but the bill will get bigger and bigger.
In short, everyone can choose the repayment method according to their own strength. I personally do not recommend the minimum repayment.
Currently, there are various repayment methods for credit cards. And the repayment methods of each bank are also different. Common repayment methods include UnionPay inter-bank repayment, our bank (credit card issuing bank) debit card repayment, third-party platform repayment, cash repayment, etc.
UnionPay inter-bank repayment
< p> For UnionPay inter-bank repayment, the debit card and credit card are from different banks. When repaying, we can repay through online banking, mobile banking, etc. UnionPay inter-bank repayment can be divided into self-service repayment and automatic repayment. Self-service repayment means that you have to repay manually after the repayment date expires.The advantage is that you can decide whether to pay the minimum payment or the full payment according to your own needs. The disadvantage is that it is easy to forget to repay after the repayment date is due. So what came into being was its sister repayment method ~ UnionPay inter-bank automatic repayment. This is the repayment method preferred by most people. The feature is that you don’t need to record the billing date, nor the repayment date. The payment will be automatically credited to the credit card the day before the payment is due, ensuring that the credit card is overdue due to busy work and forgetting to repay. You can also set whether automatic repayment is the minimum payment or the full payment. As long as the debit card you bind has enough cash, you'll be fine. Generally, you choose to bind it to the debit card that is used to pay wages. But the disadvantage is that when the amount of the card is insufficient, the repayment cannot be automatically made in time.
There are three main ways for us ordinary people to repay credit cards;
One is to repay through official credit card online channels such as mobile banking and online banking.
This method is currently one of the most widely accepted and most convenient forms. As long as the bank card and debit card have opened online service functions and there is sufficient balance in the debit card, we can complete the repayment operation with just a few clicks. In addition, through online banking and mobile banking channels, we can also set up the automatic repayment function to avoid the trouble of manually remembering the repayment date.
The second is to repay through third-party channels such as Alipay and WeChat.
This is also one of the favorite methods of our young friends. Compared with online banking and mobile banking, young people are more willing to send money to Alipay and WeChat, so that they can get considerable income on weekdays, and also You can make credit card repayments at any time and enjoy certain repayment discounts, which is indeed more convenient.
The third is to repay through the bank counter. This method is suitable for middle-aged and elderly customers who are not used to online operations. Then go to a nearby bank outlet to pay cash once every month before the repayment date. Still feasible.
In summary, the daily repayment methods of our people are mainly divided into online and offline. Online repayment can also be divided into official credit card channel and third-party channel repayment, which can basically satisfy Our daily repayment needs.
You must never make a minimum payment on a credit card. Even if you no longer have the money, don’t make the minimum payment.
Although the minimum repayment will not show overdue. Although banks can also make more money.
But banks pay more attention to risks. It will lower your overall score a lot. Maybe your card for the first three months will be in vain. It is equivalent to giving you a bad record within the banking system.
If you really don’t have money, you can still find someone to raise your card. There are so many card raisers out there. A card worth 10,000 yuan only costs about 100 yuan a month.
You can also set up a POS machine by yourself. It's all free now. The cost of paying back 10,000 yuan is only about 60 yuan. And the minimum payment carries interest every day. No matter it is minimum payment, overdue or installment. Interest and late fees are very high.
If you have the above behavior. You can check your credit card statements. Just know how high it is.
Alipay is free, just add a credit card
Credit cards are very familiar to modern people. They swipe credit cards when eating out, watching movies, buying clothes, going to the supermarket, buying cars, etc. , many people have formed the habit of using credit cards for consumption. When Gudong was young, he often used credit cards to make purchases, but as he got older, he suddenly gradually returned to the original payment method. In other words, when you earn more, spend more, and when you earn less, spend less. Now it seems that a bunch of credit cards have become collections.
The only reason I have to swipe it a few times a year is to avoid the annual fee on my credit card. Many banks' credit cards require several transactions a year to avoid deducting annual fees. When it comes to how to repay a credit card, there are three main repayment methods:
The first and most common repayment method is to repay the monthly minimum amount, because there will be a minimum amount according to the ratio. The second way to repay is to repay as much as you have. For example, if you have some spare money, repay more, and if you have less spare money, repay less. The third option is to repay the loan in full every month, so as not to procrastinate for too long and accumulate more and more.
Gudong is generally the third method of repayment. I always feel that it is not good to owe money, so I rarely pay debts. This is also a manifestation of integrity. I hope it starts with me.
What's more, if you accumulate credit cards, there will be extra interest. You won't feel it is much if you spend hundreds or thousands of dollars, but you will easily feel it if you spend tens of thousands or hundreds of thousands. Therefore, it is recommended that people who use credit cards should pay off their credit cards as soon as possible and get rid of the burden as soon as possible!
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can make overdraft purchases within the prescribed limit.
With the popularity of credit cards, they have become an increasingly important financial tool in people’s lives and are indispensable. It provides great convenience to everyone, whether it is consumption or temporary borrowing, it gives people a great sense of security and financial freedom. At the same time, it has alleviated the financial pressure of a considerable number of people. Of course, we must remember to repay while it is convenient. Otherwise, the accumulated interest and personal credit problems will be really serious. Therefore, when we use a credit card, we must remember the repayment date and billing date of the card we use. Make a form in advance with the bill amount and repayment date of each card or forget your mobile phone. Make full use of the interest-free period given by the bank. If you have multiple cards, space out the repayment time. Don't squeeze in a certain time point to avoid funds. Difficulties in cash flow bring repayment pressure to oneself. Therefore, the bank also very considerately provides several repayment methods according to different customer needs.
1. Full repayment
In this method, the cardholder pays off all the bill charges before the repayment date. If the bill amount is larger, the repayer needs to Having a certain financial strength is a method preferred by banks. It shows that the cardholder has sufficient spare funds. This method can increase his credit rating in banking institutions. It can improve your credit reporting ability and credit limit.
2. Installment repayment
Installment repayment is a method introduced by banks for cardholders who cannot repay in full and are under financial pressure. Your own financial strength is divided into 12 periods, 18 periods, 24 periods, etc. While easing your own pressure, the bank can earn a certain amount of interest and achieve a win-win situation.
3. Minimum repayment
The minimum repayment is generally 10% of the bill amount that needs to be repaid, but the bank will charge interest, which is 0.05%, and is calculated using compound interest. , this repayment method will not affect your credit score, but the amount of interest is relatively high, which seems to alleviate the repayment pressure, but the bills will get bigger and bigger, so it is recommended not to use it casually.
The best way is to repay the balance in full, so that you can enjoy the fun of using the card without putting any extra burden on yourself.
Of course, some people solve their repayments through installments and minimum payments, but they do not know that installment of bills is actually not cost-effective. After you apply for installment, you must repay the installment principal and handling fee every month. If the funds are withdrawn and repaid in advance, the bank will charge 3% of the unpaid principal as liquidated damages. Not to mention the minimum repayment. Banks charge compound interest fees, so it is best not to use this method to perform repayment. Once you use it, you will fall into a quagmire of debt and be unable to extricate yourself.
At the end of the article, I would like to give you a word of advice. When using credit cards, you must do this: Hold the cards carefully, use the cards wisely, and maintain the cards skillfully. This is the real way to manage money!
I’m not afraid of credit cards. Fortunately, a friend who works in a bank introduced me to UnionPay’s repayment software. I only need to set it up every month to pay off my bills! I really want to thank him now! Solved the overdue problem!