What should I do if my credit card overdraft is not enough?
; 1. Repay the minimum repayment amount. Every bank will set a minimum repayment amount for credit card holders. As long as the card holder If a person can repay this minimum amount, then the bank will neither charge late fees nor affect personal credit. Generally speaking, this minimum payment is 10% of the bill amount. That is to say, if you spent 10,000 yuan last month and don’t have enough money this month due to unemployment or other reasons, you only need to pay back more than 1,000 yuan. However, it should be noted that if you choose the minimum repayment amount, although you will not be charged a late fee, you will be charged an interest of 0.05% per day. This interest is also a lot, so the borrower is best to repay all his bills as soon as possible. Minimum payment amount. 2. Take the initiative to negotiate with the bank. If the cardholder cannot even pay the minimum repayment amount of 10%, then do not choose to run away, that is, change the address and mobile phone so that the bank cannot be contacted. This is the worst way to deal with it. . You must know that from the day you apply for a credit card, your personal information and credit status will be recorded in the central bank's credit information system. No matter where you go in the future, unless you never deal with banks in this life, you will no longer pay water, electricity and media under your real name. No more fees, no more buying mobile phone cards, handling landline calls, and other things that require real names, otherwise the bank will find you, and your credit record will be blackened. It will be difficult and even possible to get approval for bank loans and credit cards in the future. It will affect your future employment. Once the minimum repayment amount cannot be paid, the best way is for the cardholder to contact the card-issuing bank immediately to explain his situation, saying that he does not owe the debt maliciously, but that he cannot pay it off immediately due to temporary changes in the economic situation. To apply for deferred repayment, generally speaking, as long as the cardholder takes the initiative to contact the bank, the bank will usually design a repayment method for the cardholder that is acceptable to both parties. For example, defer the repayment of the outstanding amount for 1 to 2 months, discount the interest, or repay an amount acceptable to the cardholder every month. After all, once the cardholder cannot repay, the money will be considered a bad debt for the bank. Therefore, banks will be happy to save every cardholder who wants to repay but is temporarily unable to do so. If citizens need to use a credit card, they should strictly follow the regulations on credit cards of our country and the relevant card-issuing banks. If there is an overdraft, they should repay it in time. If it constitutes a credit card overdraft and overdue repayment, it must be It will have an adverse impact on the user's credit report and other aspects.
How to repay a credit card overdraft?
The all-in-one card is used to repay the China Merchants Bank credit card. If it is your own China Merchants Bank credit card, you can manually operate "Credit Card Repayment", or you can set up automatic repayment. The system will automatically deduct the payment on the last repayment date; if it is someone else's China Merchants Bank credit card, You can activate the all-in-one card for transfer and remittance, and there will be no handling fee for repayment to our credit card. (After manual repayment, if there is no outstanding amount on the credit card, the payment will not be deducted again on the repayment date)
How to repay the credit card repayment? Which way is better?
Credit card repayment methods
1 Over-the-counter repayment Over-the-counter repayment is a relatively old method. Nowadays, fewer and fewer people choose it because life has become more convenient and completely There is no need to go to the counter of the card issuing bank every time the repayment date is approaching, but professionals can help to avoid mistakes.
2 ATM machine repayment Nowadays, ATM machines can be seen everywhere, and they can operate 24 hours a day, which greatly facilitates our needs. Of course, it can also process credit card repayments for us, that is, deposit money at the ATM machine. or make a transfer.
3 Third-party repayment Of course, people who don’t want to go out can also solve the problem of credit card repayment without leaving home, such as using third-party applications: Alipay, WeChat, UnionPay and other software, these are just a few Common payment software, if you are worried that the third-party software repayment method is not timely and will delay your final repayment period, you can also choose the card issuer's dedicated mobile banking to repay your credit card.
Which credit card repayment method is better
Counter repayment has time and location restrictions, but it can handle repayment safely and effectively; ATM repayment can be open 24 hours a day, and time scheduling is good It is more free, available everywhere, and more convenient than at the counter; third-party repayment can be done without leaving home, but network problems or operation may cause inconvenience. The above three methods actually have their own advantages. How to choose depends on your own situation, but undoubtedly, the majority of people choose third-party repayment.
CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit. Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments.
How to repay an overdraft card to a credit card
1. When repaying a credit card
The order of priority for repayment is:
Interest
Fees (cash withdrawal fees
Annual fees
late payment fees, etc.)
Amounts that should have been paid last month
Should be the minimum repayment amount
Instalment payment
Cash overdraft payment
Consumption overdraft payment
2. If you are holding a card Repay in full after consumption
No interest or fees will be charged
If the final repayment date specified by the bank is exceeded
A daily interest rate of 0.05 will be charged Interest
The interest-free period refers to the period from the card consumption date to the final repayment date
If you don’t know your final repayment date
You can call the customer service number on the back of your credit card to inquire
3. Withdraw cash by using the card
Do not enjoy the interest-free treatment
A cash withdrawal fee of about 1% of the cash withdrawal amount will be charged Handling fee
After withdrawing cash, interest will be charged at a daily interest rate of 0.05
And compound interest will be charged monthly
4. If you cannot repay the full amount after consumption or cash withdrawal, you can Repay according to the minimum repayment amount
A daily interest rate of 0.05 will be charged
The minimum repayment amount is:
10% of the current consumption amount
10 for cash overdraft in the current period
Amount that should have been unpaid last month
Interest and fees this month
Repay with the minimum repayment amount
It will not affect your personal credit record
It is best to pay attention to the statement of each period when repaying according to the minimum payment amount
It is listed above
You can also call customer service for inquiries
Whether you use a credit card to make purchases or withdraw cash
It is required that the repayment must be no less than the minimum repayment amount on the last payment day of each month
Otherwise, a record of late payment fees will be charged
Once a bad credit record occurs
It will be difficult to apply for a credit card and loan at the bank in the future
Agricultural Bank of China How to repay a credit card
You can repay a credit card through the following channels:
1. Palm Bank: Please log in to the Palm Bank APP and click "Credit Card → Repayment" on the homepage. You can repay your own Agricultural Bank of China credit card and other people's Agricultural Bank of China credit cards; click "Credit Card → Repayment → Set Agreed Repayment" to apply for automatic repayment of your own Agricultural Bank of China credit card debt.
2. Online banking: Please log in to personal online banking, click "Credit Card → Repayment → One-click Repayment" to repay your Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Agreed Repayment", You can apply for automatic repayment of your own Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Repay Other People's Cards" to repay other people's Agricultural Bank of China credit card debt.
Warm reminder: If you need to repay credit cards from other banks, you can do so through "transfer".
(Answer time: June 25, 2021. In case of business changes, please refer to the actual situation.)
How to use and repay credit cards
Yes Credit card consumers can shop or spend money at special commercial service departments. Card holders can overdraft within the specified limit. Let's learn how to use credit cards and how to repay credit cards. Credit card usage: You can swipe your card for consumption at offline POS machines, pay in online malls, or bind it to a third-party formal platform for payment. You can withdraw cash from bank ATMs. Apply for cash installment from the bank. Credit card repayment: You can repay on regular third-party platforms such as Alipay and WeChat. Insert your credit card into the ATM machine and deposit money to repay. Repayments can also be made on the bank's official website and mobile banking. Set up the automatic repayment function and bind a savings card.
How to use credit card?
When it comes to using credit cards, the most cost-effective way is to swipe more cards, pay them back on time, and withdraw less cash and make fewer installments. As long as you use credit cards reasonably, you don't have to pay interest, annual fees, late fees, etc., and you can turn around funds for short-term investments in the short term, it is still very cost-effective. If you want to use your credit card rationally, you can refer to the following tips:
1. Withdraw less cash and use more cards
It is expensive to overdraft cash on a credit card and you cannot enjoy the interest-free period. The amount of cash you withdraw is calculated on a daily basis. The interest is calculated at 0.05%, and a cash withdrawal fee is also deducted, ranging from tens to hundreds. Therefore, never overdraft to withdraw cash unless absolutely necessary.
. Use the card after the bill date to enjoy the longest interest-free period
The interest-free repayment period of a credit card is from the date of consumption to the due repayment date after the bill date, and the maximum interest-free period is There is one month difference between the long and shortest period, so if you swipe your card on the first day after the statement date, you can enjoy the longest interest-free period.
3. Repay on time and in full
When the credit card statement comes out, there will be a final repayment date. Be sure to repay before the final repayment date. If the loan is not repaid by the final repayment date, the bank will not only charge overdraft interest but also late payment fees. In severe cases, it will cause bad credit and cause a lot of inconvenience for future loan applications. Moreover, if you repay in full before the final repayment date (you can exchange the full amount for consumption and cash withdrawals), you can enjoy the interest-free repayment period.
4. Only pay off the debt and avoid overdrafts
That’s it for the introduction on how to repay a credit card overdraft.