How to pay off your credit card for free in 2020? Try these channels

Since 2019, major third-party payment platforms have charged fees for credit card repayments, so if you want to repay credit cards for free in 2020, you definitely can’t count on them. Fortunately, there are still these channels that can continue to provide free services. They can be roughly divided into UnionPay channels and bank channels, and the fastest payment can be made in real time. Let’s take a look.

1. UnionPay channel:

That is, repayment is made through the credit card function of UnionPay Cloud QuickPass APP, which can support credit card repayment from dozens of mainstream banks.

You need to download the APP and register an account to bind the credit card to be repaid. Click on credit card repayment, select the tied credit card, enter the repayment amount, select the payment method and click submit. The fastest repayment will be successful. Within one second, you will receive a text message notification of the arrival of your account.

Among the free credit card repayment methods, Union QuickPass APP can also be used to make a profit. As long as the single repayment is ≥10 yuan, you can win a repayment red envelope in a lottery. The amount is random, every month. It can be drawn 5 times, and each card has only one chance to draw.

2. Banking channels:

1) Mobile banking: not necessarily the same bank as the credit card. The mobile banking of mainstream banks can repay credit cards for free, because most of them are repaid by transfer. , you need to enter the correct credit card ++, card issuer, cardholder name, enter the repayment amount, and the mobile phone verification code will be able to successfully repay, most of which will be received in real time.

2) Automatic repayment: refers to associating a savings card with the credit card to be repaid and activating the automatic repayment function. It is best to associate the bank’s card. Every time the credit card repayment date comes, the system Money will be automatically deducted from the savings card for repayment, but this method may also be overdue. If the amount in the savings card is not enough for repayment, the deduction fails and there is no manual repayment, it will definitely be overdue.

Is it safe to repay credit cards with UnionPay QuickPass? There are many benefits to using it for repayment!

Alipay will soon charge for repaying credit cards, so many people want to know which other apps can repay for free. In fact, in addition to the mobile banking of many banks, the UnionPay QuickPass APP also allows free repayment, and has many benefits. Its security is also guaranteed. You can repay with confidence. Let’s learn about it together.

Is it safe to repay credit cards with UnionPay QuickPass?

This is for sure, and it can be said that no third-party platform can be as safe as Cloud QuickPass.

This is because UnionPay is a UnionPay APP, and we all know that UnionPay is a Chinese bank card association approved by the People's Bank of China. Although it does not belong to any bank, it is supervised by the central bank. , UnionPay is mainly responsible for the clearing of transactions between banks, which is equivalent to a bridge between banks and is very safe in itself.

In addition, UnionPay Cloud QuickPass uses payment tags, digital signatures, and digital encryption technologies to avoid information leakage, and the technology is also very good.

There are many benefits of using UnionPay Quick Pass to repay credit cards

1. Supports repayment from multiple banks: Like Alipay, UnionPay Quick Pass can support repayment from multiple credit cards, with more than 50 Many banks have connected to Cloud Quick Pass, including some mainstream commercial banks and other local banks.

2. Credit card repayments are free: Alipay and WeChat repayments are charged, but UnionPay APP is still free. There are 21 banks that can repay credit cards for free, and this free team will continue to expand.

3. Fast arrival speed: Alipay and WeChat credit card repayments may have faster or slower arrival times. However, UnionPay QuickPass credit card repayments usually arrive on the same day as the repayment, and the fastest can be real-time arrival. .

4. You can grab red envelopes: UnionPay Cloud QuickPass is running an event. If the repayment amount is ≥100 yuan on March 31, you can grab repayment red envelopes for free, up to 2,019 yuan. Each person has 5 opportunities per month. .

To sum up, it is safe to repay credit cards with UnionPay QuickPass, and there are many benefits to repaying credit cards in this way, such as fast repayment, no handling fees, etc.

Teach you four credit card (credit card) repayment methods

While credit card (credit card) provides us with convenience, how to make credit card (debit card) repayment To save money and worry, it is important to choose the right credit card (debit card) repayment method.

At present, the well-known credit card (debit card) repayment methods mainly include counter repayment, online banking, self-service terminal transfer repayment and agreed account automatic repayment.

UnionPay repayment business means that credit card (debit card) cardholders transfer funds from their debit cards to credit cards (credit cards) through the UnionPay website. In order to ensure the security of funds, UnionPay payment requires repayment with the same name, that is, the debit card and credit card (credit card) must first pass the real-name verification and be confirmed as the card with the same name, before repayment can be initiated.

At present, some banks have opened the repayment function with the same name. During the promotion period++++, UnionPay does not charge users cross-bank and cross-region handling fees, and it can be operated directly without opening online banking and other services at the counter. . The monthly credit card (credit card) repayment limit for cardholders is RMB 20,000. That is, regardless of the number of credit cards (credit cards) or debit cards, the monthly repayment on the platform cannot exceed RMB 20,000. . Since the entry time of different credit card (debit card) centers is different, the general entry time is before 12 o'clock on the third working day after the repayment operation, and will be postponed in case of weekends and statutory holidays. It is understood that currently only 10 banks can provide real-time feedback. And transfers out and into bank cards are not yet comprehensive.

Compared with UnionPay, the advantage of "Quaiqian" is that it supports a larger number of transfer-out debit cards and transfer-in credit cards (credit cards). The four major banks (including Bank of Communications and China Merchants Bank), Minsheng, Debit cards from 21 banks including Industrial Bank and Shanghai Pudong Development Bank can be used to transfer funds out, while credit cards (debit cards) from 15 banks including ICBC, Agricultural Bank of China and China Construction Bank can be used for repayment here. And like UnionPay, the online repayment service provided by Kuaiqian does not charge any handling fees.

As for the arrival time, there are the following repayment methods. Bank of Ningbo has real-time payment, Shanghai Pudong Development Bank has T+1 working day, China Merchants Bank, Industrial Bank, Everbright and Communications Bank have T+1 working day, CITIC has T+2 working day, ICBC, Agricultural Bank of China and Bank of China have T+3 working day. CCB. What I would like to remind you here is that the arrival time will generally be postponed during holidays. Therefore, in order to avoid exceeding the repayment period, it is recommended that you run the repayment 5 days in advance.

There are three ways to repay credit cards (debit cards) on Alipay: online banking, that is, on the Alipay platform, Alipay card, and withdrawal of balance. The withdrawal balance is received in the Alipay account and can be used Repayment is performed on the withdrawn balance. This service is currently free. It should be noted that you can also repay other people's credit cards (debit cards) through online banking. You can only repay yourself through card or withdrawable balances, and you cannot repay on behalf of others. At present, Alipay does not support "repaying credit cards with credit cards (credit cards)". All transaction funds repaid with credit cards (credit cards) will be refunded within 3 to 5 working days. to the original card. Among the several banks that can use Alipay accounts to repay credit cards (debit cards), China Merchants Bank can receive the payment within one day, while Guangdong Development Bank, ICBC and Bank of Communications will take two days to receive the payment, and the time to check the account online will be delayed by one day.

In addition, in terms of ensuring security, Alipay has launched a digital security certificate, which is shared with banks. However, these security measures also have their own drawbacks. For example, the use of digital certificates is not particularly convenient and requires downloading and installation. It is generally aimed at fixed computers and is only suitable for high-end users.

To use "Lakala" to repay, just swipe any debit card with the UnionPay logo on the terminal at an outlet equipped with "Lakala" equipment to a credit card (credit card) Just transfer money. These outlets are generally located in supermarkets, pharmacies, and convenience stores. After repayment, the credit limit will be restored after three working days at the latest. However, the rules of each bank are different. For example, China Merchants Bank and Everbright need to repay three working days before the due date, while Agricultural Bank of China and Bank of China need to repay before the due date. For repayment two working days before the due date, Guangfa must repay one working day before the due payment date, otherwise the bank will charge late payment fees, and Industrial Credit Card (debit card) supports repayment on time. Therefore, it is best to complete the repayment three working days before the final repayment date. There is no handling fee for repayment through "Lakala", and there are no handling fees for repayment of debit cards and credit cards (debit cards) of different banks.

In terms of security, its security is guaranteed by UnionPay terminal certification. The security level is on the same level as POS machines deployed in major shopping malls and supermarkets, so everyone can use it with confidence.

That’s it for the introduction of UnionPay credit card payment.