Is it okay to pay off a credit card on the same day?

Credit card payment on the day is invalid. If you have available credit on your credit card, you can pay on the same day. If there is no available limit, you need to wait for the credit card repayment to arrive, and wait for the limit to be restored before swiping the card. But under normal circumstances, the credit card limit will be restored immediately after repayment.

Therefore, you can swipe out immediately after repaying the credit card, but you should pay attention to confirm that the repayment has been received before swiping out.

If you still have available credit on your credit card, you can repay the amount on the same day. If there is no available limit, you need to wait for the credit card repayment to arrive, and then swipe the card after the limit is restored, but generally the credit card limit will be restored in real time after the repayment. If you repay through a bank, such as directly depositing and repaying at a bank's ATM or counter, or repaying through a bank's savings card, you should pay it back immediately after repayment. If there is any, you can consume the available amount.

The 5th is the credit card repayment period. Can I swipe the card on that day? When will the brush be returned?

Yes, as long as the repayment is successful on the repayment date, consumption on the repayment day will not have any impact, because the consumption amount will be recorded in the next credit card bill, which means that, The overdraft amount of that day will be repaid on the last repayment day of the following month.

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, you should pay off all the expenses you have consumed before the due payment date.

If the 5th of each month is the billing day and the 23rd of each month is the repayment day, then the consumption from the 5th of the previous month to the 4th of this month will be repaid on the 23rd of the month.

Extended information

Notes on using credit cards

1. Credit card repayment methods

1. Within the card issuing bank

< p>This method includes: 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.

2. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and 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.

3. Online repayment

The more common online platforms in China 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.

2. Credit card payments must be made in a timely manner

Cardholders should pay special attention to the last repayment date of their credit cards. The last repayment date is the last day of the interest-free repayment period. Before that, Repayments are interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.05%, calculated and collected on a monthly basis. Compound interest, plus late fees.

So when using a credit card, you must repay it in time, otherwise it will cause overdue payment. Consequences of overdue payment:

1. Liquidated damages are incurred, which are generally 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Baidu Encyclopedia - Credit Card Repayment Due Date

Baidu Encyclopedia - Credit Card

Can I swipe the card once the credit card repayment date has passed?

< p>If there is a limit, you can spend it. Whether the card can be swiped on the credit card repayment date actually depends on whether there is a limit on the card. If there is still credit in the card on the repayment date, you can naturally continue to swipe the card.

If there is no limit in the card on the repayment date, as long as the payment is repaid on the repayment date and it has been credited to the account, the card will restore the limit and you can still use the card for consumption.

Extended information

1. All consumption payments no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day when the consumption occurs. The interest is 0.05%, and compound interest is collected on a monthly basis;

2. Receive a reminder call and letter from the bank;

3. Freeze your account and transfer your The debt record will be fed back to the People's Bank of China and recorded in your credit file, which will affect your personal credit;

If you really do not have enough money to repay in full on the due date, then please choose the lowest credit card option Repay the repayment amount. In this way, you only need to repay 10% of the total cost in each installment. In this way, although there is no interest-free repayment period, personal credit will be avoided.

Baidu Encyclopedia - Credit card repayment due date

Can the credit card be swiped for consumption on the credit card repayment date?

Whether the credit card can be swiped for consumption mainly depends on the card Whether there is an available limit, so as long as there is an available limit in the card, you can also make purchases with the card on the repayment date.

After the credit card applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

The credit card must have at least the following information:

Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, name in English or Pinyin, date of activation (generally calculated to months), validity date (generally calculated to months), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

Back: card magnetic stripe, cardholder signature field (signature required after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (on the back of the credit card) On the signature line, the three digits immediately following the last four digits are used for credit card activation, password management, television, telephone and online transactions, etc.).

Swiping your card on a POS machine is the most common way to use a credit card, and it is a way of swiping 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. After the remote payment accepts the information, the POS will print out a receipt for the card payment (at least two copies). The cardholder should sign the receipt after checking that the information on the payment receipt is correct. After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the operator gives the credit card and a copy of the card payment receipt to the cardholder. At this point, the card swiping procedure on the POS machine is completed.

Can I use credit cards on the same day when I have paid off the credit card?

Whether you can use your credit card to make purchases mainly depends on whether there is an available limit in the card, so as long as there is an available limit in the card, you can Card payments can also be made on the repayment date.

1. According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

2. According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

3. According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

4. According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards

Credit cards. When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.

Quasi credit card. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.

5. According to the different circulation scope of credit cards, they can be divided into international cards and regional cards

International cards. An international card is a credit card that can be used outside the country of issue and is accepted worldwide. The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.

Regional card. A regional card is a credit card that can only be used within the issuing country or within a certain region. Most of the various credit cards issued by commercial banks in my country are regional cards.

That’s it for the introduction of whether you can spend money on the credit card repayment date.