How to use and repay credit cards?

How to use credit cards: 1. Credit cards can be swiped at POS machines of offline merchants for consumption, can be used for payment in online malls, or can be bound to third-party formal platforms such as Alipay and WeChat for payment; 2 .You can withdraw cash at the bank's ATM machine, but the bank may charge a handling fee; 3. Apply for cash installment from the bank. The amount of the cash installment is usually 50 of the credit card limit. After successful application, the bank will transfer the money to your savings card. . Credit card repayment: 1. You can repay on regular third-party platforms such as Alipay and WeChat; 2. You can repay by inserting your credit card into an ATM and depositing money; 3. You can also repay on the bank's official website and mobile banking; 4 .Set the automatic repayment function and bind a savings card. The credit card will automatically deduct money from the savings card on the repayment date.

1. The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line. In the 1950s, McNamara, a credit expert in Manhattan, was dining in a restaurant. Since he did not bring enough money, he had to ask his wife to send money over. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members can bring a dining charge card to 27 designated restaurants to record their consumption without having to pay cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks later followed. It is said that one day, American businessman Frank McNamara was entertaining guests at a hotel in New York. After the meal, he found that he had forgotten his wallet with him. He was deeply embarrassed and had to call his wife to bring cash to the hotel to settle the bill. So McNamara came up with the idea of ??starting a credit card company. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases. This kind of credit card that does not require bank processing is still a commercial credit card.

2. The word "credit card" originally refers to the financial product introduced in this post. However, because there were no credit cards in China before, or even debit cards without any credit card functions became very popular. Therefore, real credit cards can only be given the nondescript name of "credit card". A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), and joins VISA, MASTER, JCB and other international credit card organizations to benefit the world. Universal.

3. Credit card Another way of saying this is that a credit card is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

How to use and repay credit cards

The use and repayments of credit cards are as follows:

Credit cards can be used directly offline, in department stores, supermarkets, shopping malls, hotels, etc. It can be used in restaurants, entertainment venues, etc. You can pay directly at the cashier by swiping the POS machine.

Credit cards also support online consumption. Customers can bind their credit cards to payment platforms such as Alipay and WeChat, and then when shopping online, choose to bind the credit card as a payment account on the settlement order page. Of course, after the credit card is bound to UnionPay QuickPass, Alipay, and WeChat, you can also scan the QR code to pay.

After using a credit card, offline transactions are generally recorded in real time, while online purchases are recorded after the customer confirms receipt of the goods. When the transaction is included in the bill and the bill comes out on the subsequent day, the customer only needs to pay the bill on time before the repayment date (inclusive). Customers can choose to repay in full or minimum repayment or bill installment according to their repayment ability.

Everyone needs to note that after using a credit card, if you can pay it off in full and on time within the specified repayment period, you will generally enjoy the interest-free period and no interest will accrue; if you fail to repay the bill in full, , then recurring interest will be generated (the daily interest rate is 0.05%).

The credit card also supports cash withdrawals. If customers need funds urgently, they can withdraw the limit from the card for use. However, it does not enjoy the interest-free treatment, and the entire cash withdrawal amount will be included in the minimum repayment amount of the bill. Customers must pay it off in full on time.

There are several ways to repay credit cards and how to operate them

There are four ways to repay credit cards. The detailed steps are as follows:

1. Bundled debit card repayment

The bundled savings card means that when you apply for a credit card, it is bound to the bank's savings card. Most cardholders use it as a salary card. Then the last repayment date of the credit card is after the salary punch-in date, then the bank will automatically deduct the amount when the repayment comes. There is no need to remember the time. You only need to ensure that there is enough money in the debit card, and it also saves the money. Most of the time.

2. Online transfer through online banking

When using a credit card, you can open the online banking of the card-issuing bank, so you don’t have to worry about not being able to find the bank and not being able to pay. Just turn on your computer and log in to online banking, enter your password, and complete the repayment easily with a few clicks of the mouse, without paying any handling fees.

3. Third-party repayment

Most customers who choose third-party payment are inconvenient to repay their credit cards and do not want to go to banks from home to home, so they can download a repayment app for their mobile phones. With the payment software, you can complete the repayment business for free with just a swipe of your mobile phone. Currently, there are Alipay wallets, as well as Mobile Life of China Merchants Bank, or WeChat, now launched on mobile phones, which can also repay credit cards online.

4. Lakala Repayment

Customers who choose Lakala must be in a small number of banks and cannot find any bank branch option. For example, Citibank. There are only two banks in Beijing, and this is where Lakala comes in handy.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

Inter-bank transfers/remittances and repayments are mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Credit card online repayment is one of the main repayment methods for credit card repayments at the bank where the account is opened. Online repayment has become a common repayment method for the majority of credit card users.

1. For the payee account name, fill in the name of the credit card holder.

2. The payee’s account opening bank: fill in the “Account Opening Bank Credit Card Center”.

3. Transfer to the payee’s account number: fill in the 16-digit credit card number.

4. Remarks: Fill in "Credit Card Repayment".

How to use a credit card and how to pay back after swiping the card

How to use a credit card and how to pay back after swiping the card

Credit cards are bank overdrafts that many people are using now Services also bring great convenience to users, so more and more people are starting to apply for their own credit cards, but some users don’t know how to use them after applying for them. Let’s introduce the use of credit cards. method.

After we apply for a credit card, we must first activate our own credit card. After activation, we can pay by swiping the card offline, or we can bind a third-party payment to pay online only, and then repay the money on schedule later. That’s it.

Credit card activation: Activating a credit card can generally be done directly over the phone or at a bank counter. After receiving the credit card, the general user will find specific activation methods in the envelope mailed by the credit card. Follow the prompts to activate your card. Just use your credit card and set your own transaction password.

Do not throw away the documents mailed along with the credit card after activation. Users can also see their billing date and repayment date clearly on it.

Credit card swiping: The activated credit card can be swiped for use. When the user wants to make offline purchases, as long as the store has a POS machine, the user can swipe the credit card for consumption.

In addition, users can also bind their credit cards to payment channels such as Alipay and WeChat, and then use their credit cards to pay directly when shopping online.

Credit card repayment: Credit card repayment involves credit card repayment. When repaying a credit card, users need to figure out two dates, namely the repayment date and the billing date.

Your consumption will generate a repayment bill on the bill date, and your consumption after the bill date will be generated in the next bill.

After the current bill is generated, users only need to repay according to the bill amount on their repayment date. They must repay in full within the repayment date without paying any interest. The specific methods of credit card repayment are as follows:

1. Automatic repayment:

Users can bind a repayment bank card when applying for a credit card, as long as there are sufficient funds in the bank card , then the bank will automatically deduct the repayment.

2. Self-service terminal repayment:

Users can directly deposit the repayment funds into their credit cards at the self-service deposit and withdrawal machines of their banks for repayment.

3. Mobile banking repayment:

Now banks have their own apps. Users only need to log in to the app and bind their credit card, and then they can make repayments directly on the app. .

4. Transfer repayment:

Users can make credit card repayments through transfers from other banks, as long as the funds are transferred to their own credit cards.

5. Third-party channel repayment:

Credit card repayments can be made through Alipay, WeChat, etc. Users can repay directly according to the steps on their repayment page, but currently Alipay WeChat A certain credit card repayment fee will be charged.

How to pay off a credit card?

You can handle credit card repayment through the following channels:

1. Palm Bank: Please log in to the Palm Bank APP and click "Credit Card → Repayment" on the homepage to make your own Agricultural Bank of China credit card payment , repay other people's Agricultural Bank of China credit cards; click "Credit Card → Repayment → Set Agreed Repayment" to apply for automatic repayment of your own Agricultural Bank of China credit card debt.

2. Online banking: Please log in to personal online banking, click "Credit Card → Repayment → One-click Repayment" to repay your Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Agreed Repayment", You can apply for automatic repayment of your own Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Repay Other People's Cards" to repay other people's Agricultural Bank of China credit card debt.

Warm reminder: If you need to repay credit cards from other banks, you can do so through "transfer".

(Answer time: June 25, 2021. In case of business changes, please refer to the actual situation.)

This is the introduction of how to use credit cards and how to repay.