When funds are insufficient, some friends will consider using credit cards to make recurring repayments to relieve financial stress. Xiaotian below will introduce you to some suggestions~

Single cycle repayment techniques and strategies

1. When using a credit card, you can make purchases through relatives and friends and let them use your credit card Spend, and then they pay you back in cash, so

you can cash out the rest and pay off the credit card. While this approach has some risks, it's best to find a friend you trust.

2. In addition, you can also withdraw the remaining amount from an ATM machine, but when using this method, you need to pay attention to the fact that there is a certain handling fee for withdrawing money from an ATM machine.

The handling fee for each recurring payment must be paid by yourself, otherwise it will cause an imbalance in the balance of payments during the transaction.

Tips for recurring repayments on multiple credit cards

1. You can use the first card to repay the second credit card, and then use the second card to repay the first credit card. If the amount of cash withdrawn by the two cards is too different, it cannot be completed at one time and needs to be poured several times. Of course, one thing to note is that repayment must be made between the statement date and the final repayment date of each card.

2. If you don’t have the money to repay, you can also use the method of allocating a thousand gold in four taels. For example, if you use 2,000 yuan to pay off a debt of 4,000 yuan, pay 2,000 yuan first, and deposit it immediately after taking it out the next day. This is equivalent to paying back 4,000 yuan, but the fees must be paid back.

3. Regarding the handling fee, it depends on which bank the user’s credit card is from. Basically, a 1% handling fee is charged, with a minimum of about 10 yuan. Most bank interest is calculated from the next day. Because credit cards do not allow direct transfer to another credit card for repayment, you can only repay in this way.

The above can only be used at the time. We remind all users who use credit cards not to cause overdue use of credit cards, but it is inevitable that such a phenomenon will occur. Some people may not do it intentionally. forget. In this case, it is recommended to set up automatic repayment and repay after maturity. Don’t worry about overdue issues~

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