As we all know, after spending by credit card, the monthly bill must be paid off before the end of the last repayment date, otherwise late payment or underpayment may be overdue. There are many ways to repay credit cards, three of which must be paid attention to, otherwise it is easy to pit yourself if you use them improperly. Let's have a look.
How to pay back the credit card every month?
In fact, it is very simple to return a credit card every month. First of all, you should know the final repayment time of this month's consumption. After all, different credit card time determines the repayment time.
If you spend money by credit card before the bill date comes out, then the consumption amount is included in the current bill and needs to be repaid before the end of the last repayment date of this month; If you swipe your card after the bill, you will pay the bill next month and pay it back next month.
As for how to repay, you can repay through online banking and Alipay. Or you can bind the debit card to open the automatic repayment function to repay, but it is naturally good to ensure that your repayment amount is not lower than the minimum repayment amount of the current bill.
However, there are three ways to repay the credit card, which is quite pit:
1. Easy overdue automatic repayment:
You may say that the purpose of opening automatic repayment is to avoid forgetting the repayment time and causing overdue. Why is it overdue? This is easy to understand. Although automatic repayment will deduct money from your repayment debit card, the premise is that you have enough money in your card, otherwise the deduction will fail and your voluntary repayment will naturally be overdue.
2. Interest-free excess repayment:
The so-called overpayment means that when you repay, you pay more money. For example, your bill is 2000 yuan, and you have paid back 2 100 yuan. Although excessive repayment can avoid overdue, credit cards are not like savings cards. Not only will it not generate interest, but you may have to pay a handling fee to take out the money, which is quite pit.
3. Interest on the minimum repayment amount:
Many card friends are unable to repay in full. Seeing that the minimum repayment amount is 10% of the bill amount, they think that this repayment method has the least money, so they don't think about the minimum repayment amount. But it will be a big surprise when the bill comes out next month. Besides the principal, you have to pay interest, which is calculated at the rate of five ten thousandths per day from the date of consumption. Always pay the minimum repayment amount, then the interest will be very serious and will be overdue sooner or later.
Summary: After reading the introduction of How to Return Credit Cards Every Month, everyone should know how to return credit cards. When you pay back, you must avoid the deception of the three repayment methods, and it is best to pay as much as you owe. If you can't repay in full, it's best to repay by installments, so that you can enjoy the interest-free period as usual and reduce the repayment pressure.
How do credit cards usually repay?
1, accounting date and repayment date
Invoicing Date: the time when the current bill is generated. It is the day when the issuing bank regularly summarizes and settles all the transactions and expenses of your credit card account in the current period, calculates the total amount owed in the current period and the minimum repayment amount, and posts it for you.
Repayment date: the last day of interest-free repayment, after which the overdraft consumption interest will be calculated.
For example, if the billing date of a bank's credit card is 10 per month, and the repayment date is 28th of each month, and the consumption on the billing date is included in the previous cycle, all overdrafts generated between 20th of each month and 60th of last month will be repaid.
2. Interest-free period and the longest interest-free period
Interest-free period: the period from the date of credit card consumption to the date of repayment without interest.
Maximum interest-free period: the period from the second day after the bill date of last month to the repayment date of this month.
If you want to enjoy the longest interest-free period, you can make overdraft consumption on the day after the bill date of this month, then the time to return this consumption is the repayment date of next month.
3. Minimum repayment amount and full repayment:
Minimum repayment amount: the minimum amount of arrears that should be repaid on time every month. Repaying the minimum amount owed during the interest-free repayment period can avoid affecting personal credit records and paying liquidated damages.
Full repayment: During the interest-free repayment period, all debts shown in the bill will be paid in full. Only full repayment can exempt overdraft consumer interest.
4. Overdraft consumer interest and liquidated damages:
Overdraft consumer interest: interest charged by banks on a daily basis after the interest-free repayment period. The specific amount may vary from bank to bank.
Liquidated damages: During the interest-free repayment period, if the repayment amount does not reach the minimum repayment amount, the bank will charge liquidated damages for the part that reaches the minimum repayment amount. The proportion of liquidated damages shall be uniformly stipulated by the People's Bank of China, and the specific proportion shall be 5% of the unpaid minimum repayment amount. This fee is charged in one lump sum. The minimum fee for RMB account is RMB 65,438+00, and the minimum fee for USD account is USD 65,438+0 yuan.
Extended data:
Precautions:
The consequences of overdue repayment of credit cards are serious, and overdraft consumption should be moderate. Although the biggest feature of credit card is overdraft function, it actually constitutes the loan relationship between customers and banks. Failure to pay back at maturity may not only lead to law, but also bear a high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.
There are more and more emerging repayment methods, but the mainstream ones are online transfer repayment provided by banks, card-to-card repayment of third-party POS machines, and telephone banking repayment. If you have a fixed repayment method and repayment cycle, the monthly credit card repayment will become "easy" and will never take up too much time, let alone queue in the bank.
In addition, I would like to remind you that when choosing a credit card, you should ask clearly what repayment methods the bank supports and try to handle credit cards with more diversified repayment methods. Don't be fooled by petty profits such as "credit card shopping discount" After all, the convenience of credit card is the most important thing.
For example, suppose Miss Li's billing date is 10 every month, and the last repayment date is 28th. On June 1 1 day, she spent 1000 yuan. On July 28th, when Miss Li was short of money, she paid the minimum repayment amount 1000 yuan first. Then the recurring interest expense on the bill on August 10 is: 10000 yuan ×0.5‰ (July 28th to June 1 1) (10000 yuan ~ 1000 yuan).
If the cardholder fails to pay off the minimum repayment amount, in addition to the circulating interest charges, there will be a late payment fee, which is calculated at 5% of the unpaid part of the minimum repayment amount. If Miss Li only pays 500 yuan back, the late payment fee is (1000 yuan ~500 yuan) ×5%=25 yuan. In this case, the circulation interest expense will rise to 296.75 yuan, and Miss Li's total penalty interest this month is 3,265,438 yuan +0.75 yuan.
How to repay CCB credit card?
Customers can apply for CCB credit card repayment in the following ways: 1. Log in to mobile banking, and follow the prompts through the menu of "Credit Card-Card Service-My Account-Repayment for Yourself". The repayment amount can be selected as current repayment, minimum repayment amount or input repayment amount. Reminder: Please purchase foreign exchange for repayment before 22 o'clock every day. 2. Pay attention to and enter the official WeChat account of China Construction Bank. After binding the credit card, enter "repayment" in the WeChat official account dialogue mode to get the link, and follow the prompts.
(In case of business changes, please refer to the actual situation. )
This is the end of the introduction on how to pay back the credit card every month and how to pay back the most cost-effective credit card every month. I wonder if you have found the information you need?