Can a credit card be used to repay a loan?
The person concerned can use a credit card to repay the loan. Credit cards have bank credit lines and overdraft functions, but credit card holders cannot directly use the credit card to repay the loan. Instead, they must withdraw the credit line of the credit card in cash and then use it to repay the loan.
Extended information:
How to withdraw cash with a credit card
Credit card withdrawals mainly include overdraft withdrawals and overpayment withdrawals. Overdraft withdrawals are made by the bank for the cardholder. The small-amount cash loans provided help cardholders flexibly allocate funds when they are in urgent need.
Cash withdrawal of overpayment refers to the funds that credit card customers overpaid when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of the cardholder's credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
How to repay a credit card loan
A credit card can be repaid at any time between the statement date and the repayment date. The billing date refers to the date when the bank sends us a debt statement, and the repayment date is the final date of repayment.
Credit card repayment methods generally include:
1. Repayment through the card issuer’s APP: After the cardholder downloads the card issuer’s APP, he or she can bind a credit card with sufficient balance to it. Debit card. In this way, you can make credit card repayments through the card issuer's APP before the repayment date arrives.
2. Repayment by automatic repayment business: If you also apply for a savings card at the bank that handles credit cards, you can open the automatic repayment business, and automatic repayment can be achieved when the balance in the savings card is sufficient;
3. Bank counter repayment: Cardholders can go to bank branches with their credit cards, ID cards and cash and handle credit card repayment at the counter.
4. ATM repayment: You can repay by depositing money at the ATM machine of the credit card issuing bank;
5. Third-party platform repayment: Alipay, WeChat, Duxiaoman Third-party platforms such as finance can also pay back credit cards.
How to repay a credit card loan?
The most important repayment methods of credit cards are as follows:
1. Bundled savings card repayment. You can bind the credit card to the savings card of the credit card issuing bank. When the repayment is due, the bank will The amount is automatically deducted from the debit card.
2. Online banking transfer and repayment. After activating online banking and logging in, use your own bank account to transfer funds, enter the payment credit card password, and then the online banking transfer can be completed to complete the repayment.
3. Mobile payment platform repayment. Mobile payment platforms such as Alipay and WeChat support credit card repayment. You can use these apps to repay credit card debts.
4. Automatic machine repayment, using UnionPay’s own repayment equipment, such as Lakala, Easy Payment, etc., you can directly use any bank debit card to easily repay.
Extended information:
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 the merchants and cardholders. Cardholders can overdraft within the prescribed limit.
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 prescribed credit limit.