As long as you are within the overdraft limit of your credit card, you can pay the full amount.
Consumption and cash withdrawal are different. If you consume, there is an interest-free period. You must pay the minimum payment every month. This will not affect your credit score, but interest will still be calculated. If you withdraw cash, it is calculated on a daily basis. Calculation of interest Interest calculation begins on the day the money is withdrawn.
The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged. , generally an interest of 0.05% per day.
Extended information:
Credit cards should be used frequently, and frequent swiping can avoid annual fees
After applying for a credit card, it is advisable to use it frequently, because the credit card has been swiped 6 times. The annual fee is waived. So you have to swipe at least 6 times, so you don’t have to pay the annual fee. In addition, you can increase your credit card limit by swiping your card more frequently and swiping your card frequently for consumption.
Repay your debts on time and increase your credit limit
Repaying your debts on time and maintaining a good credit record is also a way to increase your credit limit. There is another way to increase the credit limit, which is to make more credit card installments so that the bank can earn your money and increase the credit limit faster. This method requires a certain cost, so remember to use it with caution.
Choose the repayment method that suits you
Credit card repayment methods are diverse, and you do not necessarily have to go to a bank branch or teller machine to transfer money to repay. Credit card repayment methods include Alipay repayment, Tenpay repayment, online banking transfer repayment, Lakala repayment, debit card binding automatic repayment, UnionPay online repayment, etc. Therefore, choose the method that suits you and use the fastest and most convenient method to repay on time.
Reference materials: Credit card_Baidu Encyclopedia