The main point of credit card testing is how to repay correctly.

1. Try to repay the credit card within the repayment date

Credit cards generally have an interest-free period of 20 to 50 days. After swiping the card, the cardholder only needs to repay the loan within the due date. Just pay it back a few days ago. Not only will this not cost the bank interest in vain, but it will also leave a good credit record. Cardholders can accumulate credit points and at a certain point be able to increase their overdraft limit, or help cardholders reduce approvals when applying for home loans or car loans. program.

2. Several common repayment methods

There are various repayment methods for credit cards. Common ones include automatic repayment within the issuing bank, inter-bank transfer, and third-party payment ( Alipay, Tenpay, WeChat repayment), Lakala repayment, etc.

3. The temporarily increased limit must be repaid in time

Users who have applied to increase the temporary limit of their credit card must pay special attention to timely repayment. If they are delayed, they will be subject to high penalty interest. In addition, the temporarily adjusted limit cannot be repaid in installments. If the money is not paid off in full on the repayment date, the bank will charge a certain proportion of over-limit fees. Most banks charge 5% of the total amount over the limit.

4. It is best to go to the bank counter for overseas repayment

It is best to go to the bank counter for overseas repayment. You can ask the staff to help calculate the amount owed, because the foreign currency needs to be converted into RMB according to the current exchange rate. This exchange process will incur additional fees - currency conversion fees. If you calculate it yourself, you may incur arrears due to missed expenses. Currently, the currency conversion fee of most banks is 1.5% of the consumption amount.

5. If the credit card debt is not paid, you can repay the minimum payment or actively negotiate with the bank

If special circumstances occur and the debt cannot be repaid on time, the cardholder can choose to repay it. If you meet the minimum repayment amount, the bank will neither charge late fees nor affect your personal credit. Generally speaking, this minimum repayment amount is 10% of the bill amount, but it should be noted that the borrower will be charged interest at 0.5% per day, so it is best to repay all your bills as soon as possible.

If the cardholder cannot even make the minimum repayment, then do not choose to "run away", that is, change the address or mobile phone so that the bank cannot be contacted. The best way is to contact the card-issuing bank immediately, explain your situation, express that you do not owe money maliciously, and apply for an extension of repayment. Banks usually design a repayment method for cardholders that is acceptable to both parties.

1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.

3. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.

4. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards where the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit cards A debit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrafted within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, credit card overdraft interest rates will be determined independently by card issuers and cardholders through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. 0.7 times). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues in the Trial of Bank Card Civil Disputes".