What if the credit card runs out of money?
If there is no money to pay back the credit card, it should be discussed in two situations, one is that there is no money to pay back temporarily, and the other is that there is no money to pay back for a long time.
1. There is no money to repay temporarily: there are many ways to solve this problem. For example, you can reduce the repayment pressure by handling credit card installment, deferred repayment or minimum repayment amount, and you don't need to pay so much money at one time to avoid overdue, but the repayment pressure is different in different later stages.
2. Long-term lack of money for repayment: If you can't repay by yourself, it's best to start raising money for repayment before the repayment date. Whether it's borrowing money from someone or selling assets, as long as you can raise money to repay it, it's a good way. I really can't raise money, so I have to let my credit card expire. It is best to contact the issuing bank to negotiate a long repayment time.
Can you relax your time?
Each credit card has a specified repayment date, which is generally not supported. If you want to change the repayment date, there must be no arrears, so that the issuing bank will not relax the repayment time for the cardholder when it sees that the cardholder has no money to repay.
But most credit cards have a certain grace period, that is, within 1~3 days after the repayment date. If it is not repaid on the repayment date, the minimum amount is enough as long as it does not exceed the grace period.
The above is the introduction of "What should I do if my credit card runs out of money". I hope it helps you.