Credit card advance repayment, also known as credit card repayment, generally refers to a situation where a credit card user cannot repay the entire amount in the current month, but wants to repay the amount in full to obtain interest-free or points. Or the user is unable to repay the money and delays the repayment time by paying monthly advance fees and other methods.
The specific process of credit card advance repayment is: the repayer takes your credit card and first goes to the bank where the repayment is due to make the repayment. After paying off the money, wait for about ten minutes, and then cash out all the money you just paid back on his POS machine.
Extended information:
Operation process
The operation of credit card repayment is simply that the intermediary agency first repays the overdraft limit that is about to expire, and then Then by swiping the card for consumption, all the repayment amount not long ago will be swiped out. In fact, just pay it back first and then brush it out. Some customers may have questions, can the money put into the credit card be withdrawn immediately? The answer is yes; according to the credit card regulations of major banks, the credit card limit will be restored as soon as the customer repays the loan, that is, as long as the customer's card is normal. We can repay the money to the credit card on behalf of the customer and the money can be withdrawn immediately. In this way, you not only have a repayment record, but also a consumption record. Together with some small purchases, you can increase your credit limit faster. And you can enjoy the interest-free period forever!
Credit card repayment is essentially like cashing out on a credit card. Since credit card repayment falls into this gray area, laws and regulations do not clearly stipulate that it is illegal.
Notes
1. Please bring your ID card and credit card to apply in person
2. There is no installment payment.
3. There has been no overdue repayment.
4. There is no increase in the temporary limit
5. Repayment before the repayment date
(Note: Bank of Communications, CITIC Bank and Bank of China are not supported Credit card repayment, using the repayment APP is not limited to banks)
Cash out the credit limit
Convert the credit card limit into cash by swiping the card for consumption. You can earn points and withdraw money on the spot.
If the limit in your credit card has been used up, we can cash out your credit card in installments at designated merchants, and the cash out limit is the consumption limit of your credit card (China Merchants Bank 1.5-2 1-5 times other banks), the operation can be completed immediately, and settlement is done on the spot. It is safe and fast, and the lowest fee in the city
Card custody, repayment on behalf of others--because of financial constraints, you can't repay the money temporarily but don't want to pay the bank For interest and late payment fees, you can entrust relevant units to repay on your behalf, eliminating the pressure of the bank to calculate interest on a daily basis, and can maintain a good reputation and increase the limit
Repayment risk
Credit card agency Although repayment solves an urgent need for credit card users, it also involves certain risks.
After the credit card repayment agency repays the money on its behalf, if the repayment is not paid out when the card is swiped, the customer will be asked to return it in cash. Of course, customers with risk tolerance can still pay it back if they can raise funds in time. , but users with poor risk tolerance should use credit card repayment services with caution to prevent inconvenience to themselves.
In addition, there are some unscrupulous traders in the market who use the name of credit card repayment agency to attract merchants to them for repayment or credit card swiping at low service prices, steal credit card information, and forge credit cards. Conduct illegal cash out. Therefore, when choosing an institution, you should choose a formal institution.