How to spend money with a credit card

It is very simple to spend the money on a credit card. To buy something, just swipe the credit card and enter the password. Credit cards allow you to "spend first, repay later", which often stimulates our consumption concept and promotes the consumer economy.

The biggest function of a credit card is that it can be consumed in advance, that is, you can use the money first and then pay it back. There are many ways to spend it, which can be summarized as follows:

1) Swipe the card in a physical store Consumption: In places such as supermarkets, shopping malls, hotels, restaurants, hospitals, train stations, airports, etc., that is, places with POS machines, you can swipe your credit card for consumption. With the development of the Internet, cashless consumption is now advocated. In these places, you can also use Alipay or WeChat wallet for consumption. This is the next consumption method. Generally, all merchants marked with "UnionPay", "VISA" and other logos support credit card payments.

2) Bind Alipay or WeChat for consumption: Take Alipay as an example. After checking in to Alipay, click Add Bank Card to bind your credit card to Alipay. Similar to WeChat, when consuming in shopping malls or other places , use Alipay or WeChat to pay, and then select this bank card to complete the consumption using this credit card.

3) Online consumption: If your credit card has opened online banking, then firstly, when using Taobao, Vipshop, Meituan and other online payment software or some websites such as airline official website to purchase air tickets , you can directly choose to pay with a bank card, so you can also use this credit card to make purchases. Or bind Alipay and perform payment operations on the corresponding software. After using your credit card for 6 purchases, the annual fee for that year will be waived. Generally speaking, as long as you maintain normal loan repayments and do not overdue, there will be no other fees except the annual fee.

Of course, credit cards all have a borrowing limit. This credit limit is dynamic and will fluctuate slightly according to your credit situation every month. If your credit is good, the limit may be increased, and if your credit is bad, the limit may be increased. The amount may be reduced. When using a credit card, you must make sure that all purchases are within this limit, that is, the money consumed cannot exceed this limit, otherwise it will not be able to be used.

Operating environment:

Mobile phone model: ELS-AN002.0.0.212

Computer: windows10

Alipay: 10.2.6.8200< /p>

WeChat: 8.0.16

How can I pay back my credit card using Alipay without any charges?

Alipay’s free credit card repayment fee is as follows:

1. Use the free credit limit for repayment. Alipay has a free repayment limit of 2,000 yuan every month when repaying a credit card. , first reduce the free quota of 2,000 yuan.

2. Use the lifetime free quota. Everyone has a lifetime quota of 20,000 yuan for Alipay withdrawals. If 2,000 yuan is used up, you can transfer the balance of Alipay to the bank card and then use online banking to pay off the credit card.

3. Use Yu Libao to repay. If the lifetime limit of 20,000 is used up, you can open Yu Libao. First transfer the money to Yu Libao, then transfer the money from Yu Libao to the bank, and then use online banking to pay off the credit card.

4. Use online banking to repay. In addition to using Alipay to pay off credit cards, you can also directly use online banking to repay credit cards. Online banking is generally free of charge.

5. Let others repay the money on your behalf. If you only have money in Alipay and don’t want to incur too high handling fees, you can use other people’s free credit to repay the money, and then transfer money to the other party from Alipay.

6. Use Huabei for consumption. You can use Huabei for daily consumption. Huabei repayment is free. It is similar to a credit card and has an interest-free period.

: 1. Alipay (China) Network Technology Co., Ltd. was established in 2004. It is a domestic third-party payment platform and is committed to providing "simple, safe, fast and convenient" payment solutions for enterprises and individuals. plan. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It has two independent brands, "Alipay" and "Alipay Wallet". Since the second quarter of 2014, it has become the world's largest mobile payment manufacturer.

Alipay has established strategic partnerships with more than 180 banks at home and abroad, as well as international organizations such as VISA and MasterCard, becoming the most trusted partner of financial institutions in the field of electronic payment.

In February 2020, the Nepalese central bank issued a license to Alipay. In July, Alipay was selected into the list of outstanding blockchain solutions to combat the epidemic. In October, Alipay launched the "late payment" function. Alipay borrowing can be changed to credit loan.

2. Alipay has more than 450 million real-name users, more than 270 million active Alipay wallet users, and more than 45 million single-day mobile payments, exceeding the global peak of 45.18 million single-day mobile payments set on November 11, 2013. record. During the entire day of Double Eleven in 2014, the number of Alipay mobile payment transactions reached 197 million. Alipay's steady style, advanced technology, keen market foresight and great sense of social responsibility have won wide recognition from banks and other partners. Alipay has established in-depth strategic partnerships with more than 180 banks at home and abroad, as well as international organizations such as VISA and MasterCard, becoming the most trusted partner of financial institutions in the field of electronic payment.

How to spend 50 days interest-free with a credit card

How to spend 50 days interest-free with a credit card

How to spend 50 days interest-free with a credit card, credit cards are our major Some people have it. There are actually many aspects that we need to understand about the use of credit cards. The borrowing and repayment of credit cards are also directly related to us. Here is how to spend 50 days interest-free on credit cards.

How to spend 50 days interest-free with a credit card 1

1. Spend the day after the credit card statement date to get the longest interest-free period.

2. Calculation method of interest-free period:

The period ends from the current bill issue date to the current bill repayment date.

3. For example:

If your bill date is the 7th and the repayment date is the 25th, if you spend 1,000 yuan on the bill date on December 7th, you The consumption on December 7th will appear on the bill on January 7th, and can be paid back on January 25th at the latest. There is a 47-day interest-free period.

But if you spend 1,000 yuan on December 6, it will appear on the bill on December 7, and you have to pay it back by December 25 at the latest. If you spend one day earlier, you will be free of charge. The interest period is only 20 days.

IV. Remarks:

1. Billing date: refers to the card issuer’s regular summary of the cardholder’s transaction amounts, expenses, etc., calculation of interest, and calculation of the cardholder’s current period. The date on which the amount is due.

2. Repayment date: refers to the bank accounting date on which the cardholder repays its debt to the card issuer. As agreed between the card issuer and the cardholder, the last date for the credit cardholder to repay the amount due for the current period or the minimum repayment amount.

3. Interest-free repayment period: This means that in addition to cash withdrawals and transfer overdraft transactions, other overdraft transactions on credit cards can enjoy interest-free payment from the bank accounting date to the due repayment date (inclusive). The time period for interest benefits.

How to spend 50 days interest-free with a credit card2

Does a credit card have a 50-day interest-free period?

The interest-free period of a credit card can be 50 days, and the longest is even 56 days. However, you cannot enjoy such a long interest-free period just by using the card. There is also an interest-free period for each bank. Times will vary. For most banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Guangfa Bank, China Merchants Bank, etc., the maximum interest-free period is generally not less than 50 days.

However, it should be noted that the interest-free period can only be enjoyed when using a credit card to make purchases. If you use a credit card to withdraw cash or borrow cash in advance, it is not interest-free. The bank will charge interest, with a daily interest rate of 0.5% per day. Calculate until it's paid off. Also, some cardholders have different consumption periods and enjoy different interest-free periods.

How is the interest-free period of a credit card calculated?

The interest-free period refers to the period from the transaction date to the final repayment date for consumption within the current billing cycle. It must be calculated based on three dates, one is the billing date, and the other One is the consumption date and the other is the repayment date. The most important thing is to understand clearly the issuing bank’s credit card payment date, that is, whether the payment is recorded on the same day or the next day.

Except for Agricultural Bank of China, China CITIC Bank, China Construction Bank, Hua Xia Bank, Shanghai Pudong Development Bank, Industrial Bank, and Postal Savings Bank, the account is credited on the day of consumption. Other banks are credited the day after consumption, and then based on the bill date and repayment date. The specific interest-free period can be calculated on the same day.

Take China Merchants Bank as an example. If the payment is credited to the account the next day, if the card is swiped on the bill date, you can enjoy the longest interest-free period. The interest-free period includes the day after the bill date of the month to the repayment date. There are three periods from the current repayment date to the next bill date, and from the next bill date to the next repayment date, which add up to the entire interest-free period.

How to spend 50 days interest-free with a credit card3

How can I get a longer interest-free period?

Step one: Spend the day after the bill date

This is why some people swipe their cards normally, some have a 50-day interest-free period, and some only have a 21-day interest-free period.

The smart way is to make purchases on the day after the billing date. For example, if the cardholder’s bill is October 5th and the repayment date is October 26th, then he will make purchases on October 6th. , you can get a 50-day interest-free period (October 6 to November 26).

Step 2: Modify the billing date

There are many choices for the credit card billing date, such as the 5th, 15th or 25th of each month. It can be changed every six months. If you want For more interest-free periods, choose the longest date among the options.

As an example

For example, your bill date is October 5th and the repayment date is October 26th. For your transactions on September 6th, you can If you apply to change the billing date of your credit card between September 26th and October 4th, and adjust the billing date to the 25th of each month (i.e. October 25th), then the transaction will not be billed until October 25th. , the repayment date becomes November 15th. Calculating the time, you enjoy a 71-day long interest-free period (September 6th to November 15th).

The disadvantage is that it can only be modified twice a year.

Step Three: Apply for Bill Installment

Strictly speaking, this step is not an extension of the interest-free period (I understand interest-free as no fees), because bill installments are There is a handling fee, please see my guide for details of fees. Another article is a guide to avoid pitfalls in using credit cards!

But he can indeed extend the repayment period, so the method is also written down so that people who are temporarily short of cash can take advantage of it and repay later without affecting their credit score.

As an example

For example, if the billing date is changed from the 5th to the 25th of each month, after the bill is issued on October 25th and before the payment is made on November 15th, Cardholders apply for bill installment payments. At this time, the transaction installment on September 6th will be delayed by another month and will not be recorded in the bill until December 25th. In this way, the credit card will not require repayment until January 15th of the following year.

After this calculation, the "interest-free period" for the transaction on September 6 has reached 101 days (September 6 to January 15 of the following year), and the handling fee is much lower than the loan interest .

PS: When using the above method to delay interest-free, please note that all bills before October have been paid in full and on time, and the payment of the latest three installments has not been overdue.

How to take advantage of the interest-free period

For example, paying tuition for your children costs about 16,000 yuan per semester.

If you choose to pay by credit card, the tuition fees you originally prepared can be temporarily deposited into the monetary fund.

The latest income query

The highest seven-day annualized rate of return of money funds is 3.439%

We calculate the 50-day income based on the annualized rate of 3% It’s about 66 yuan.

Although this income is not much, as long as you move your fingers, you can complete it risk-free. All you need to do is to set your own repayment date reminder and it will expire one working day in advance. You can easily get it by taking it out and paying it back on time. Isn’t it easier than moving bricks?

Author’s experience

Nowadays it is very easy to invest in currency funds using mobile apps. I often pay with a credit card and temporarily deposit the money to be paid back. I found that not only Among the benefits of income, the most satisfying thing for me is that I can know how much money I have spent on my credit card, so that I can avoid the misery of spending too much unknowingly.

The principle of making money with credit cards remains the same. The bank’s money is given to you for free. Some people think that they must pay back the money they owe immediately, while others use the bank’s money to make money. How do you choose? Woolen cloth?

How to use credit card?

Credit cards can be used as payment tools and can be consumed directly through the card-swiping POS machines or online payment platforms installed by merchants. Credit cards can also be used for overdraft consumption. After meeting the installment amount specified by the bank, you can apply for installments. There are bill installments and consumption installments.

In addition to consumption repayment, credit cards can also be used for installments. After meeting the installment amount specified by the bank, you can apply for installments, including bill installments, consumption installments, car installments, house purchase installments, etc. In addition, there are points when you use a credit card, which can be used to redeem goods. There is also an annual fee for using a credit card. The specific charging standards are different for each bank.

Extended information:

Notes:

1. Repay the current bill amount on time.

2. Do not frequently spend with your card in integer multiples of 10 or 100.

3. Try to swipe your card within the business hours of the merchant. If you swipe your card frequently in the early morning, the risk control system will be triggered.

4. Diversify your consumption bills and do not frequently swipe your card in one place.

5. A certain handling fee will be charged for cash withdrawal, ranging from 1% to 3%. Although some credit cards waive handling fees, credit card cash withdrawals do not enjoy the interest-free period. From the date of withdrawal to the date of repayment, the bank will charge an interest of 0.05% per day (equivalent to an annualized interest rate of nearly 20%).