bank regulations: credit card repayment requires customers to make repayment according to the due repayment date listed in the bill.
Considering the transfer time difference and other reasons, if the repayment funds can be guaranteed to arrive before 16: Beijing time on the third day after the due repayment date, it will still be regarded as normal repayment, and there will be no overdue record.
in order to avoid the influence of late repayment on personal credit, it is recommended to arrange credit card repayment in advance.
if the debt has not been paid off after the grace period for repayment, it is overdue repayment, and the related consumption transactions will be charged with interest from the date when the consumption is recorded, with compound interest on a monthly basis. If the customer's repayment amount is less than the minimum repayment amount, a certain proportion of the unpaid part of the minimum repayment amount will be paid as repayment penalty.
if the customer fails to return the minimum repayment amount of the credit card on time and in full, the bank will submit the overdue information to the financial information database of the People's Bank of China as required.
Credit cards can be returned a few days late, but some high-level or special credit cards don't have this service, so it is best for everyone to pay off the bill before the specified repayment date. If it is necessary to return it a few days late, it is recommended to contact the bank in advance to confirm whether there is a grace period for repayment.
In fact, the use of credit cards is very convenient, and it is easy to use if you know its repayment rules and related issues such as interest. Credit cards have a fixed repayment date every month, which is also called billing date. The 2th day after the general repayment date is the final repayment date, and you can enjoy interest-free when you pay off all the debts before the final repayment date. If you exceed the repayment period, your debts will generate certain interest every day, and the longer the time, the higher the interest. In addition, credit cards have a loan amount, which is different according to the bank and type of credit card you run.
Function of credit card:
It is convenient for people's life and saves the trouble of carrying cash, and there is no geographical restriction in using credit card. No matter where you swipe your card in China, you can swipe it as long as you have the UnionPay logo, and there is no handling fee;
be able to participate in various discount activities in cooperation between merchants and banks;
the points earned by credit card spending can be exchanged for gifts;
Repayment in time after swiping the card will enhance the credibility of personal banks.
Use of credit card:
1. Shopping.
2. Microfinance.
3. save money.
4. Save money by shopping.
5. Value-added services of credit cards to obtain cheap insurance and travel.
6. Credit certificate.
Disadvantages of credit cards:
Credit cards don't spend money one by one like paying cash. Credit card consumption tends to blur the cardholder's concept of money and lead to blind consumption;
if the cardholder fails to repay the loan on time, the bank will charge high interest;
Credit cards are basically swiped without passwords by default, which makes it easy to be swiped by others when lost or stolen, causing unnecessary troubles or losses;
Long-term malicious arrears will naturally affect personal credit records and even be blacklisted by banks. In the future, if you want to borrow money from banks to buy a house or a car, you may be rejected by banks.