Bank credit cards cannot be repaid with just the principal and no interest.
For bank credit cards, if there is any consumption, the corresponding debt must be paid back in time. If you don't have enough money to repay the amount you owe, you need to consult the bank about the minimum repayment amount, otherwise your credit will be affected. It is not allowed to pay only interest because it will cause property losses to the bank.
It is possible to repay the principal of a credit card debt, and it will not create a bad record. However, as long as the balance on the credit card is not paid off, late payment fees and interest will continue to accrue, so , a warm reminder that if you owe money to a credit card, you must pay it off in time to avoid recurring fees and compound interest.
Extended information:
Credit card installment repayment method:
1. Bill installment:
After the credit card statement is issued for the month, if Cardholders who feel pressure to repay in full can choose to repay the total bill in installments. Many credit card bill installments claim to be interest-free, but you need to pay a certain handling fee. The handling rates vary depending on the number of bill installments.
2. Cash installment:
Also known as cash installment, the credit card holder applies for it. The card issuer converts the limit in the cardholder's credit card into cash and transfers it to the cardholder. A debit card account (this bank or another bank) designated by the person, an installment method in which the cardholder repays according to the specified number of periods (months).
Cash installment is like a simple and fast short-term loan. After applying for cash installment, the cardholder only needs to return the fixed principal and handling fee every month. Generally, the handling fee rate of cash installment is relatively high. .
3. Consumption installment:
After the cardholder swipes the card to make a large purchase, if the current consumption amount reaches the minimum installment amount stipulated by the bank, the cardholder can apply to the bank. The card-issuing bank applies to split the consumption into several times for repayment. After the application is approved, the bank will divide the consumption into multiple times and charge it to the cardholder's credit card account.
Baidu Encyclopedia-Credit Card Repayment