Is there a handling fee for credit card repayment?

Whether there is a handling fee for credit card repayment depends on the repayment method and repayment channel.

Generally choose to repay in full without any fees or interest. If you choose to repay in installments, repayment fees will generally be charged based on the number of installments. When you choose the minimum repayment amount for repayment, there is generally no handling fee, but recurring interest will be charged at a daily interest rate of 0.5%.

To repay a credit card on WeChat, you need to pay 0.1% of the repayment amount as a handling fee, and to repay a credit card on Lakala, a 0.2% handling fee will be charged. There is generally no handling fee when repaying money at bank counters or ATM machines. There is no handling fee for automatic repayment when binding a debit card from another bank. When binding a credit card from another bank for automatic repayment, a handling fee of 0.1% to 0.2% of the amount will be charged. When repaying through online banking, most banks do not charge handling fees. Currently, only a few banks charge a handling fee of 0.1% of the amount.

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 (BillingDate).

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. The so-called credit card generally refers to a credit card only.

Application method:

Application:

In most cases, those with full capacity for civil conduct (citizens over 18 years old in mainland China), Citizens with certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

Review:

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.

Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

Card Issuance:

After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal. .

Card opening:

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed.

At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

Identification:

The credit card must have at least the following information:

Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark ,, English or Pinyin name, activation date (generally calculated to month), validity date (generally calculated to month), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

Back: Card magnetic stripe, cardholder signature field (signature required after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (on the back of the credit card) On the signature line, the three digits immediately following the last four digits are used for credit card activation, password management, television, telephone and online transactions, etc.).

Authorization:

The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

Use:

Credit cards are usually only used by the cardholder himself. Lending them to others is generally a violation of the use contract.

Cancellation:

Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

Is there a handling fee for credit card repayment?

Whether there is a handling fee for credit card repayment is related to the repayment channel chosen by the cardholder. Generally, you choose the channel of the bank to which your credit card belongs to repay, and you don't have to pay any fees at this time. If you use a third-party payment platform to repay your credit card balance, a certain handling fee may be charged.

Nowadays, third-party payment platforms include WeChat and Alipay. When Alipay returns a credit card, as long as the amount is less than 2,000 yuan, the user does not need to pay any handling fees. The part exceeding 2,000 yuan will be charged 0.1%. The minimum price per transaction is 0.1 yuan. WeChat will charge 0.1% of the repayment amount when repaying.

Users must repay their credit cards on time when returning their credit cards. Do not make late payments. Penal interest will be incurred after overdue repayment. The longer the time, the more penalty interest will be incurred. Return the credit card later. The burden will increase. After the due date, the bank will upload it to the credit report center. If the credit report becomes bad, it will affect the processing of various loans.

When you have difficulty repaying your credit card, you can use installment repayment or the minimum repayment amount. The user needs to support a certain handling fee, but you can repay in advance when funds are sufficient. When using the minimum repayment amount, all consumption in the current period of the bill cannot enjoy the interest-free period, and interest will be accrued from the consumption date until all outstanding balances are paid off.

The common domestic credit card repayment methods mainly include the following categories (according to the level of fees):

In-line repayment:

This repayment method mainly includes: Counter of card issuing bank, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

Mobile phone repayment:

Mobile phone is a personal payment terminal of the mobile financial system, which can be used to repay money directly by swiping a card, or to perform transfers and other services. Instant credit!

Convenience store repayment:

Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

Online repayment:

The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

Inter-bank transfer:

Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and 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.

Counter pass:

Counter pass refers to the bank cards issued by various networked financial institutions, which can be used to conduct RMB demand deposits through the counters of other bank branches registered in the UnionPay exchange center host system. Deposit and withdrawal transactions.

Lakala:

Cardholders can complete credit card repayments, mobile phone recharges, online bill payments and other services through convenience stores, bank outlets or purchase "Lakala" device terminals .

Support innovative electronic products.

Repayment Tong:

Use "Repayment Tong" to repay, and the fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank remittances stipulated by the local People's Bank of China.

Intelligent repayment:

A new industry, its main function is to use the balance of about 5%-10% in the card to formulate consumption and repayment plans and then pay through licensed The company implements automatic recurring consumption repayments to achieve full repayment and charges a certain handling fee. The basic functions include bill management, local payment, free card application, etc.

Is there any handling fee for credit card repayment?

There is no handling fee for credit card repayment.

However, when using a third-party platform to repay credit card debt, a handling fee will be charged. For example, when using WeChat to return a credit card, it will be charged at 0.1% of the repayment amount, with a minimum of 0.1 yuan; when using Alipay to return a credit card, the fee is higher than 2,000 yuan. The portion will be charged at 0.1%, and the minimum is 0.1 yuan.

There is no charge for repaying credit card debts using the bank channels to which the credit card belongs, such as bank ATM machines, bank online banking, bank counters, etc. In addition to no fees, these channels will be credited when repaying credit card debts. The speed is the fastest, but it may be more troublesome during repayment. You must repay on time on the credit card repayment date, otherwise penalty interest will be incurred, and the bank will upload overdue records to the credit reporting system. If your personal credit rating becomes bad, it will affect the loan processing.

So, when you use your credit card, you must repay it on time and never overdue it. When an individual is unable to repay the loan on time, he or she can borrow money from friends around him to repay the loan. This can avoid the situation of not being able to repay the loan on time. However, it must be returned to the friend on time later. This repayment method also avoids the expense of interest, but it cannot Use it frequently, otherwise it will arouse resentment among friends, and control your consumption in time when you cannot repay on time.

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 merchants and cardholders. Cardholders can overdraft within the prescribed limit.

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 CreditCard. 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 bill 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 prescribed credit limit. The so-called credit card generally refers to a credit card only.

That’s it for the introduction of whether there are any handling fees for credit cards.