If you swipe your credit card, don’t you just need to pay back the money? If you think so, you are totally wrong. If you don’t pay attention to your credit card repayments, you may end up paying more and more.

Next, let’s take a look at the things you don’t pay attention to with your credit card, which will make you pay more and more on your credit card.

1. Repay the loan after the interest-free period

When the bank issues a credit card to us, it will give us an interest-free period. The interest-free period usually lasts about 50 days.

If you pay off the monthly bill during the interest-free period, there will be no problem.

Suppose you happen to forget that your interest-free period is one day late.

Then instead of charging interest for 1 day, interest will be charged for all 51 days, and a late payment fee of about 5% will also be charged.

Therefore, it is best to repay the loan a few days in advance to avoid the interest-free period being exceeded due to weekends, system delays, forgetfulness, etc., and the gain outweighs the loss.

In the end, not only do you have to repay the loan, but you also have to pay late fees, which leads to more credit card payments.

2. Forgot to pay back the fraction

When we repay the loan, some card users prefer to pay back the whole amount directly. Especially when using the minimum repayment, I obviously paid 2,001 yuan, but only paid back 2,000 yuan when I repaid the loan.

So the last 1 yuan may seem inconspicuous, but the penalty interest is indeed the full amount.

In other words, the penalty interest is based on 2,001 yuan.

The penalty interest may be more than 2,000 yuan, but you still have no idea how much it will be.

But what if it is 20,000? The penalty interest rate was significantly higher.

In addition, when using the minimum repayment, the unpaid balance will be included in the interest charges for the next month.

If the minimum payment is used every month, the interest will roll over, resulting in a very large penalty interest.

Therefore, when using the minimum repayment, it is best to choose not to consume too much and use the minimum repayment occasionally.

Generally, after using it for one month, when you have money on hand in the second month, it is best to repay it in full, so as not to cause you to have to pay back more and more money, otherwise it may lead to Your credit card will only pay off more and more.

In addition, you must remember the statement when repaying the loan. Don't take it for granted and pay back as much as you think you need. This can easily lead to inaccurate credit card repayments and eventually penalty interest.

3. The installment fee cannot be ignored

You can also use installment payment when using a credit card. Of course, sometimes banks hold activities during holidays, and you can get gifts for installment payment.

Or when you need to increase the limit, you can consider appropriate installment payments.

But you cannot pay in installments every time. After all, installment payments will also accrue interest.

Moreover, this interest is also full interest, and frequent installment payments will result in more and more interest.

In other words, it is clear that I have repaid the loan, but how do I find out later that the repayment is getting more and more?

Here you need to use installment payment correctly, and you cannot use installment payment blindly.

In fact, credit cards still have many preferential activities, and they can also help us save money on daily expenses. They are also a good helper for us to save money. We must make good use of credit cards, and we must not let the money on the credit card be paid off more and more. More, but to increase the utilization rate of credit cards and make it work for us.