What should I do if I have no money on my credit card?

1. Choose the minimum repayment: Credit cards usually have a stipulated minimum repayment amount, but the remaining balance will be calculated at 0.5% per day. Charge interest fees in proportion;

2. Choose installment repayment: Banks usually prepare different installment repayment plans for users to choose from, but they will also charge certain fees;

3. Negotiate repayment: Contact the bank where the card was issued, explain the true situation to the bank, and negotiate a repayment plan;

4. Borrow money from relatives and friends to repay the money

1. Choose the minimum repayment: Credit cards usually have a stipulated minimum repayment amount, but the remaining balance will be charged interest at a rate of 0.5% per day;

2. Choose installment repayment: Banks usually Different installment repayment plans are prepared for users to choose, but certain fees will also be charged;

3. Negotiate repayment: Contact the bank where the card was issued, explain the real situation to the bank, and negotiate a repayment plan ;

4. Borrow money from relatives and friends and repay it

1. Choose the minimum repayment: Credit cards usually have a stipulated minimum repayment amount, but the remaining balance will be calculated as 10,000 points every day. Interest fees will be charged at a ratio of 5/5;

2. Choose installment repayment: Banks usually prepare different installment repayment plans for users to choose from, but they will also charge certain fees;

3. Negotiate repayment: Contact the bank where the card was issued, explain the true situation to the bank, and negotiate a repayment plan;

4. Borrow money from relatives and friends to repay the money

What should I do if I have no money to pay back my credit card? What are the emergency measures?

The repayment date of each month is a day worth remembering for debtors, because you have to pay back the money you spend. Credit card repayments must be timely, otherwise you will have a bad credit record and regret it. , in case you really cannot repay the loan in an emergency, we provide several emergency measures for your reference.

Method 1: Minimum repayment

If the full repayment cannot be made, then in order to avoid overdue payment, you can only pay the minimum repayment amount. The minimum repayment ratio of most banks is 10% of the bill. In other words, a bill of 10,000 yuan will not be recorded as overdue as long as 1,000 yuan is paid.

However, if you adopt the minimum repayment, you will not be able to enjoy the interest-free period. All consumption within the billing month will be subject to daily interest of 0.05%. If you only make the minimum payment every month, the interest will be very high in the long run. Therefore, this is a delaying tactic. Once opened, the loan must be repaid in full as soon as possible.

Method 2: Apply for installments

If you feel that the minimum repayment requires interest accrual is not cost-effective, you can also try to apply for bill installments. Divide the monthly bill into 6 or 12 installments for repayment. Although you need to pay a certain handling fee, it is interest-free, there is no risk of interest compounding, and there is no need to worry about overdue payments.

The method of applying for installment is also very simple. You can just call the bank customer service directly to apply.

Method 3: Find someone to repay it on your behalf

If you are very worried about the handling fees and interest, then the last solution is to find someone to repay it on your behalf. There are many information and advertisements on the Internet about credit card repayments. Cardholders only need to pay part of the handling fee, and the other party can repay the credit card on their behalf. After repayment, the money can be transferred back to the POS machine designated by the other party. However, this method is very risky. First, if you don’t know the other party’s details, you can easily fall into a trap. Second, this approach is suspected of cashing out. Once investigated by the bank, the card will be reduced or suspended, or you may face criminal penalties. Do not try it!

Suggestion: In fact, to put it bluntly, just ask relatives and friends for help, pay off the credit card bill first, and then take the initiative to repay the borrower after opening it in the future. This will avoid overdue records and avoid the suspicion of cashing out. It is an emergency measure.

What to do if you have no money on your credit card

Legal analysis: Credit cards must be repaid in time. If you really don’t have the money, you can pay the minimum amount first. If you still have no money, it is recommended to ask your family for help. If you fail to repay your credit card on time, you will be legally responsible. First, high overdue interest will be incurred.

Secondly, you will be called by the bank, and you will incur economic losses such as legal fees and attorney fees. Moreover, individuals will have a bad credit record, which will have an impact on future bank cards and loans.

Legal basis: Article 196 of the Criminal Law of the People's Republic of China and the People's Republic of China implements credit cards. If one of the following circumstances occurs and the amount is relatively large, he shall be sentenced to not more than five years or criminal detention and shall also be sentenced to: A fine of not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the penalty shall be not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances If the case is illegal, the person shall be sentenced to not less than 10 years in prison or fined not less than 50,000 yuan but not more than 500,000 yuan or property confiscated: ;

(2) Using an invalid credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or time limit for the purpose of illegal possession and still not returning the card after being called by the card-issuing bank.

What should I do if I don’t have the money to pay back the credit card?

Hello, regarding the question “What should I do if I don’t have the money to pay back the credit card?”, my answer is as follows: I can’t pay back the credit card when it expires and I don’t have the money. Minimum repayment amount, overdue penalty will be charged. The minimum repayment amount for each period is calculated as: Minimum repayment amount = 10 All general transactions on the credit card account 100 Amount of all outstanding installment transactions in the account in a single period 100 The unpaid portion of the minimum repayment amount in the previous period 100 Exceeds the account credit limit The total amount used is 100 fees and 100 interest. If the cardholder fails to repay the minimum repayment amount of the previous period's bill before the due payment date (inclusive), our bank will, in accordance with the "China Merchants Bank Credit Card Regulations", charge the minimum repayment amount for the unpaid amount. Part 5 will charge corresponding liquidated damages, with a minimum charge of RMB 10 or USD 1. Extended information is based on the relevant provisions of the "China Merchants Bank Credit Card Regulations": Article 23 The card issuer will evaluate and adjust the cardholder's account overdraft interest rate and minimum repayment ratio, and the account overdraft interest rate based on the cardholder's credit status and card usage records. The upper limit is the daily interest rate of 5/10,000, and the lower limit of the account overdraft interest rate is 0.7 times the daily interest rate of 5/10,000; the corresponding annualized interest rate upper limit is 18.250, and the lower limit is 12.775 (subject to the difference in the number of days in the month and the cardholder's repayment situation) The actual annualized interest rate may be different from the above-mentioned annualized interest rate due to the influence of other factors). Article 24 If the cardholder repays all the repayment amount before (inclusive) the due repayment date, the non-cash transaction amount incurred in the current period on the current bill will be enjoyed from the bank accounting date to the due repayment date. Interest-free treatment during the period. The interest-free repayment period is up to 50 calendar days, unless otherwise agreed between the card issuer and the applicant or applicant.

That’s it for the introduction of what to do if you don’t have enough money on your credit card.