Can credit cards transfer money to each other for repayment?

Credit cards can't directly transfer and repay, so the corresponding interest can't be generated;

you can use one credit card to withdraw cash and repay another credit card, which will generate corresponding interest and handling fee.

There are these phenomena in the market recently:

"Keeping a card with a card" means that I handle the credit cards of multiple card-issuing banks, and make mutual repayment by means of virtual transaction and using the interest-free time difference of repayment to avoid bad credit and high fees for cash withdrawal. This behavior breeds a new industry phenomenon "repayment on behalf of the cardholder", which means that when the last repayment date of the cardholder's credit card expires, I can't repay it in full for a while. In the case that the minimum repayment has to pay high interest, in order to maintain a good credit record, someone else is entrusted to repay it, and then the repayment amount is brushed out in the form of credit card consumption, and the funds are returned to the cardholder. Generally, the phenomenon of "repayment on behalf of credit card holders" is more common in shops in wholesale markets, such as computer cities and electronic markets. This is a violation and it is not recommended.

can the credit card repayment be directly transferred to the credit card?

the credit card repayment can be directly transferred to the credit card, and the debt will be paid off after being recorded. Cardholders can directly deposit money in their credit cards through ATM machines or bank counters; Or use online banking, mobile banking and other means to transfer money to a credit card. However, it should be noted that some repayment methods will be delayed, and the cardholder should reserve the time for recording when repaying, so as to avoid overdue due to the unrecorded repayment.

I hope the following information will be helpful to you:

: Credit card repayment methods

There are many common repayment methods for credit cards, some of which are as follows. The first convenient repayment method is to pay the repayment through a third party, such as WeChat and Alipay, but WeChat also needs a handling fee for credit cards; 2. Repay by ATM, but only the ATM of the issuing bank can be used for repayment; 3. You can also pay back your credit card through online banking, and the time of receipt is fast. Bank branch repayment is the most traditional repayment method of credit card, and this repayment method is gradually neglected with the development of the information age. However, the repayment of bank outlets is not limited to the repayment in the business hall. Now many banks have set up credit card repayment functions on ATM machines, which is relatively convenient to use. ; 4, counter repayment, this method has been rarely used. There are seven ways of credit card repayment, namely: 5. Automatic repayment. You can associate a debit card with a credit card, and after the association, the bank will automatically deduct the repayment from the debit card; 6. Telephone repayment. Call the customer service phone number of the issuing bank, and then switch to labor to repay the credit card. Generally, it is necessary to open a telephone bank in the issuing bank for the transfer-in and transfer-out accounts.

what to pay attention to in credit card repayment? Generally speaking, you only need to pay attention to the repayment date when changing credit cards. Generally speaking, the repayment date is after the billing date, and the validity period is fifteen days. If it exceeds this time, it will be overdue, and there will be bad records and penalty interest. In addition, when making repayment, it should be noted that the account name, certificate type and number of the associated personal debit card account must be consistent with the name, certificate type and number of the main credit card holder, otherwise repayment will be difficult.

can credit card repayment be directly transferred to the card?

Yes, the user can transfer the amount in the savings card to the credit card, which can be repaid by the user himself or automatically deducted by the system on the repayment date, which is very convenient and quick. The specific operation is as follows:

1. Use my bank card (someone else's bank card) to transfer and repay through the bank's online bank;

2. Make credit card repayment through the mobile banking bound with the bank card;

3. use a third-party repayment platform (AliPay, wallet, etc.) bound with a bank savings card for transfer repayment.

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General credit card repayment methods include the following categories:

1. Repayment directly by mobile phone, which can be used for direct credit card repayment and transfer.

2. Repayment by bank. Generally, the repayment methods of bank include the bank counter, ATM, online banking, telephone banking, etc.

3. Payment by Xinfutong. The "Xinfutong" smart credit card phone 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.

4. Repayment through Repayment. Repayment through "Repayment through" is generally charged according to the charging standards for inter-bank transfer in the same city and inter-bank remittance in different places stipulated by the local people's bank.

Credit card repayment should pay attention to the following aspects:

1. Repayment through other channels, especially third-party payment channels, will involve the issue of account entry time, and not all channels can arrive at the account on the same day, so users should pay attention to the repayment arrival time of the selected channels to avoid overdue.

2. If there is no special need, users are advised to apply for a temporary credit line carefully, because part of the repayment date spent with the temporary credit line must be paid off in one lump sum, and the minimum repayment cannot be used, nor can it be divided into stages, otherwise it will be regarded as overdue.

Consequences of bank loans overdue:

1. Penalty interest

Each lending institution has different regulations. As long as it is overdue, penalty interest will be generated, that is, a certain percentage of interest will be added on the basis of the original interest, and the longer the time, the higher the cost.

2. Take the means of collection

If the overdue period is long, the lending institution will send staff to collect the money, while the financial institution generally will not take the way of violent collection, but it will also have a certain impact on personal life. It is recommended to repay the money as soon as possible.

3. Impact on credit investigation

As long as the lending institution accesses the credit investigation, it will leave a bad record after the deadline. If the circumstances are serious, it will not only be included in the list of people who have lost their trust, but also affect many businesses in the future, and even be restricted from leaving the country and not being able to take planes or high-speed trains.

is it possible to transfer repayment by credit card and is it possible to transfer repayment by credit card? This is the end of our introduction. I wonder if you found the information you need from it?