Can credit card repayments be deferred?

Of course credit card repayments can be deferred

1. What does deferred credit card repayments mean?

Each credit card has a billing date and a repayment date set. When a bill comes out on the billing day, the minimum payment amount must be paid before the end of the repayment date to avoid overdue payment. If the card issuer provides a grace period for repayment, the repayment must be received within the grace period at the latest. However, if for some reason the cardholder is unable to repay on time on the repayment date, he or she can apply to the bank for a deferral of repayment to postpone the repayment of the current bill. However, this delayed repayment does not refer to grace period repayment. But under normal circumstances, credit cards do not have the function of deferred repayment.

2. How many days can credit card repayment be deferred?

This depends on the card issuing bank’s regulations. The deferred repayment time given by each bank may be different.

According to friends who have applied for a credit card extension, most banks only give a deferred repayment time of one month at most. That is to say, after the deferred repayment of this month’s bill, the repayment date of the next month will be You need to repay two months of credit card debt at once, so the repayment pressure is still relatively high.

3. Can CCB credit card repayment be postponed for a few days?

Credit cards generally have a three-day grace period after the repayment date. Repayment within the grace period is deemed to be repayment on time. At this time The following situations will occur;

1. If you pay it off in full, no fees will be incurred;

2. The repayment amount is less than the minimum repayment stipulated by the bank, it will be regarded as If the payment is overdue, the interest rate will be 0.05, and a late payment fee will be charged based on 5% of the unpaid portion of the minimum repayment amount;

3. If the repayment amount is greater than or equal to the minimum repayment but less than the full repayment, a late payment fee of 0.05% will be charged. 0.05 interest is paid;

In addition, if the repayment exceeds the grace period, it is considered overdue: the interest is 0.05, and there is also a late fee.

Extended information:

In-bank repayment

This repayment method mainly includes: card issuing bank counter, 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 repayment

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

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.

Can credit card (debit card) repayments be deferred?

Credit cards (debit cards) can defer repayment. If the cardholder cannot repay before the final repayment date due to special reasons, he can apply to the bank for deferred repayment. Usually credit cards (debit cards) ) Deferred repayment can only be extended for 2 to 3 days at most.

However, not all applications for deferred repayment will be approved. The bank will determine the application result based on the reasons for the extension provided by the cardholder and the daily use of the card.

Can I apply for an extension if my credit card is temporarily unpaid?

1. Can I apply for an extension if my credit card is temporarily unpaid?

1. Is it possible to apply for an extension on my credit card? Yes, if the loan is not repaid after the grace period, it will be considered overdue, which will affect your personal credit score. To apply for a deferment of repayment, you can call the credit card number to apply for a deferment of repayment and explain the reasons for the deferment of repayment, the deferment time, etc. The deferment time is determined by review, and the specific number of days of deferment is not certain.

2. Legal basis: Article 177 of the "Criminal Law of the People's Republic of China"

The crime of counterfeiting or altering financial instruments involves one of the following circumstances: Whoever manages credit cards shall be sentenced to not more than three years or criminal detention, and may also be fined not less than 10,000 yuan but not more than 100,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to not less than three years but not more than 10 years, and also to a fine of not less than 20,000 yuan but not more than 20,000 yuan. Fines of up to 100,000 yuan:

(1) Holding and transporting credit cards knowing that they are counterfeit, or holding and transporting blank credit cards knowing that they are counterfeit, in larger quantities;

(2) Illegal holding of other people’s credit cards in large quantities;

(3) Using false identity certificates to fraudulently obtain credit cards;

(4) Selling or purchasing , Providing others with forged credit cards or credit cards obtained fraudulently with false identity certificates.

Anyone who steals, bribes or illegally provides other people's credit card information shall be punished in accordance with the provisions of the preceding paragraph.

Any employee of a bank or other financial institution who takes advantage of his position to commit the crime in Paragraph 2 shall be severely punished.

2. Will you be jailed if you fail to pay off your credit card?

Whether you will be jailed if you fail to pay off your credit card will depend on the circumstances:

1. Cardholder For the purpose of illegal possession, if the prescribed limit is exceeded or the prescribed period is overdrafted, and the card is not returned for more than three months after being called upon twice by the issuing bank, and the amount exceeds 10,000 yuan, a case will be filed for prosecution and criminal liability may be pursued. Go to jail;

2. If the overdraft is not malicious or the amount is relatively small, you will generally not go to jail. For overdue credit cards, the bank will file a civil lawsuit and pursue civil repayment liability.

Can a credit card be deferred?

Credit cards can be deferred. If the cardholder is unable to repay before the final repayment date due to special reasons, he or she can apply to the bank for a deferred repayment. When applying for a loan, usually a credit card payment extension can only be extended for 2 to 3 days at most.

However, not all applications for deferred repayment will be approved. The bank will determine the application result based on the reasons for the extension provided by the cardholder and the daily use of the card.

Repayment methods

The methods within the card-issuing bank include: card-issuing bank counter, 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.

WeiBank POS mobile phone and WeiBank Tong POS mobile phone are a mobile financial system personal payment terminals that can be used to directly repay by swiping cards, as well as perform transfers and other services. Instant payment!

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

The more common domestic online platforms for online repayment include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

This method of convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. Generally, the payment time takes 2 to 3 working days. At the same time, using this There is no handling fee for repayment.

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

The "Xinpaytong" smart credit card phone for repayment is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center, and supported by financial services provided by China UnionPay's inter-bank information exchange network.

Use "Repayment Tong" to make repayments, 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.

Other methods In addition to the methods mentioned above, card issuers have also opened their own unique repayment methods in order to facilitate cardholders' repayment.

That’s it for the introduction of whether credit card repayments can be deferred.