Recently, Xiaocai netizen Xiao Chen asked Xiaocai a few questions: Is it good to repay money immediately after using a credit card to pay back the money too diligently? If I pay off the card on the same day, can I continue to use the card on the same day? Will repayments before the repayment period be included in this repayment bill? Does repayment many days in advance or even before the bill comes out count as repayment?

Next, Xiaocai will give you the answer:

After swiping the card, the debt will be immediately recorded, but the bank will not let you repay the loan immediately. There is a certain interest-free period. Normally it is between 45-56 days. For example, if Xiao Chen swipes 1,000 yuan on his credit card on April 10, and then repays it immediately in the afternoon of the same day, he can directly offset the debt, and the credit card limit will immediately increase by 1,000 yuan. The actual repayment period is only the final repayment period set by the bank. Of course you can repay; if the bill date is the 15th, and Xiao Chen repays immediately after swiping his card on the 10th, then there will be a detail of this expense in the bill on the 15th, but there is no need to repay because it has already been paid.

So what is the difference between early repayment and on-time repayment?

In fact, for banks, the difference between repaying a few days in advance and repaying on time is not big. The bank’s system will not actively increase your limit just because you always repay one week in advance. The most important thing is It is related to the frequency and limit of card swiping; but there are also advantages. For example, the bank has recently increased the amount of the limit. One person often repays on the day of the repayment period, and the other often repays a few days in advance. Then the bank will naturally increase the limit. quantity to the latter.

In short, if you have sufficient funds and no problem with your repayment ability, repay on time. If you are occasionally short of funds, you may choose to repay in installments; when some cardholders apply to increase their credit limit, customer service will tell you in a very subtle way. You can usually choose to repay in installments. If you make the bank money appropriately, the bank will also benefit you.