how can I repay the advance cash of my credit card? Two matters should be noted:

Cash advance refers to cash withdrawal by credit card or online transfer. Like credit card consumption, cash advance must be repaid. As for how to repay, this should pay attention to two points, one is the repayment time and the other is the repayment amount.

1. Repayment time of cash advance by credit card

After cash advance by credit card is processed, there will be handling fees and interest, which are the same as the principal, and will be included in the first credit card bill, and must be repaid before the end of the final repayment date. The specific repayment time depends on whether it is processed after the credit card bill or the credit card bill. If the bill is processed this month, it will be repaid next month.

For example, the billing date of a credit card is 2th, and the repayment date is 18th. If you use a credit card to advance cash before 2th, you need to repay it before 18th of that month. If the cash advance is made after the 2th, it will be repaid before the 18th of next month.

2. Cash advance repayment amount of credit card

Many banks include the cash advance principal of credit card in the minimum repayment amount, so it must be paid off in one lump sum, otherwise it will be overdue.

in simple terms, it means how much cash you borrowed in advance, and you have to pay it back to your credit card before the end of the final repayment date, in addition to the handling fee and interest. Usually, credit card bills will indicate the minimum repayment amount. Anyway, the repayment amount should not be less than this amount.

On the premise of satisfying these two points, you can choose the repayment method at will. If you want to receive the account quickly and repay it free of charge, all banks' mobile banking and UnionPay China Unionpay Quick Pass are good choices.

how to repay the loan by credit card?

The main repayment methods of credit cards are as follows:

1. Bundle the savings card for repayment. You can bind the credit card with the savings card of the credit card issuer, and the bank will automatically deduct the amount from the savings card when repaying.

2. Repayment by online banking transfer: after online banking is enabled and logged in, you can transfer money with your own bank account, and enter the password of the repayment credit card to complete the repayment by online banking transfer.

3. Repayment by mobile payment platforms, such as Alipay, WeChat, etc., support credit card repayment, and credit card arrears can be repaid through these apps.

4. Automatic machine repayment, using UnionPay independent repayment equipment, such as Lacarra, PayPal, etc., you can easily repay by directly using any bank debit card.

Extended information:

A credit card, also called a debit card, is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.

consumers with credit cards can go to the special commercial service department for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.