There are two main reasons for credit card repayments. One is that the repayment card limit is not enough, and the other is that the repayment method is wrong. For example, if you repay by transfer, the bank card used for repayment must have enough money. If the money is not enough, you cannot pay it back. The specific repayment method will be determined according to the status of the card.
If the credit card status is normal, the two repayment methods mentioned above can be used. However, if your credit card is frozen or stopped, you cannot insert the card into an AMT machine to repay. However, you can transfer and repay by yourself through online banking, Alipay, WeChat and other channels, or you can ask others to help you repay.
If the money is still not paid, the biggest reason may be that the credit card has been written off internally, but the credit card debt is still there, but the cardholder himself cannot make repayment and must bring it with him With your valid ID and credit card, go to the counter of any branch of the card-issuing bank to handle the repayment, and ask the teller to transfer the money from your bank card or repay in cash.
According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.
Credit cards stipulated in the relevant laws of our country ("Interpretation 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, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. 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.
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.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
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".