Bank of Communications credit card repayment guide

Credit card repayment means that the cardholder will pay back the amount spent within the 56-day repayment period after the card is used. What are the ways to repay using a Bank of Communications credit card? Are there any basic things you need to pay attention to during rest?

1. Basic rules for repayment of Bank of Communications credit cards

2. Repayment methods of Bank of Communications credit cards

Basic rules for repayment of Bank of Communications credit cards

1. Bank of Communications credit card repayment date

The Bank of Communications credit card repayment due date is 25 days after the statement date. For example, the bill date is the 10th of each month, and the payment due date is the 5th of the next month.

The interest-free repayment period starts from the statement date to the due repayment date. The longest interest-free period for Bank of Communications credit cards is 56 days and the shortest is 25 days. The length of the interest-free period varies depending on the date on which the card is swiped. The longest interest-free period can be enjoyed by spending the day after the bill date.

For example, if your bill date is the 10th of each month, then the 25th day after the bill date is the due date for repayment. If you consume on May 10, the bill will be issued on that day and the repayment will be due on the 10th day of the month. The date is May 25th, and the interest-free period is only 25 days (May 10th to May 25th); if you consume on July 11th, the bill will be issued on August 10th, and your last repayment date is 9th The interest-free period is 56 days (July 11-September 5).

2. Minimum repayment amount of Bank of Communications credit card

The minimum repayment amount refers to the cardholder who has difficulty repaying all the amount payable before the due payment date (inclusive). You can repay according to the minimum repayment amount stipulated by the card issuing bank, but you cannot enjoy the interest-free repayment period. The minimum repayment amount is 10% of the consumption amount plus other various payables. The minimum payment is listed on the current bill. How is the minimum repayment amount calculated for Bank of Communications credit cards?

The minimum repayment amount is calculated as follows:

Minimum repayment amount = 10 General consumption balance 10 Cash withdrawal balance Interest balance Installment consumption balance Other payable expenses balance The minimum repayment amount of the previous period has not been Still partially.

Bank of Communications credit card repayment methods

1. Bank of Communications credit card repayment methods—automatic repayment by our debit card

You can use this You can enjoy the automatic repayment function of your credit card by completing the automatic repayment procedure with your bank's debit card.

2. Bank of Communications credit card repayment method - online payment platform repayment

You can log in to some online payment platforms such as Yuanqian, Tenpay, Alipay, etc. to make repayments. payment.

3. Bank of Communications credit card repayment method - UnionPay ATM machine repayment

You can also make transfer repayment at an ATM machine with a UnionPay sign.

4. Bank of Communications credit card repayment methods - repayment at other terminals

You can make quick repayments at some automatic terminals approved by Bank of Communications, such as Lakala.

How to set up automatic repayment for Bank of Communications

How to set up automatic repayment for Bank of Communications credit card? Many cardholders have set up automatic repayments in order to avoid forgetting to repay their loans. Of course, this does not mean that you can settle it once and for all. It is best to keep your repayment date in mind and check regularly to see if you have repaid it. The editor below will briefly introduce how to set up automatic repayment with a Bank of Communications credit card.

The Bank of Communications credit card adjusts the deduction time for automatic repayment. The adjusted deduction time is the day after the agreed repayment date, as long as sufficient funds are deposited before the agreed repayment date.

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2. Registered version of online banking: After logging in to online banking using SMS password or certificate user, click Credit Card - "Repayment Service -" Automatic Transfer Repayment Signing - "Inter-bank Automatic Repayment Settings" to activate inter-bank automatic repayment payment.

The repayment will be received no later than the next day, and the available credit limit will be restored after the payment is received.

Warm Tips

1. You can also bring your ID card, debit card, and credit card to a Bank of Communications branch (only the local branch of the debit card opening bank) to activate.

2. When activating automatic repayment, you can select "deduction method" as "twice deduction" (repayment will be automatically processed for you on the seventh day after the bill date. If the repayment fails Or if partial repayment is successful, repayment will be automatically processed for you again on the due repayment date). Two deductions can restore your credit card limit in time, reduce the risk of overdue bills, and add a layer of protection for the use of credit cards.

3. It is recommended that you activate the bank's automatic repayment when you apply for a credit card.

When will the automatic repayment of Bank of Communications credit card be deducted? It’s best to do this if you don’t want to miss the deadline!

In addition to manual repayment, Bank of Communications credit cards can also set up automatic repayment. If you often forget the repayment date and are afraid of overdue payment, it is best to set up automatic repayment. However, setting up automatic repayment is not foolproof. If the amount owed is not deducted within the debit time, it will also lead to overdue payment. So, when will the automatic repayment of the Bank of Communications credit card be deducted? Let’s find out together below.

How to set up automatic repayment of Bank of Communications credit cards:

Different from automatic repayment of credit cards of other banks, automatic repayment of Bank of Communications includes deductions on the due payment date and two deductions. Two payment methods are available.

You can sign up for automatic repayment by choosing a repayment method through the Payout Bar APP, official credit card mobile website, registered version of online banking, counter, etc. After the signing is successful, Bank of Communications will bind the Transfer funds from your debit card to repay credit card debt.

So, what is the deduction for automatic repayment of Bank of Communications credit card?

The two deduction methods of Bank of Communications’ automatic repayment have different deduction rules, as follows:

1. Deduction on the due date of repayment: Bank of Communications will make the final payment on the credit card. If you repay from the bound debit card on the payment date, you will be deducted as much as you have. If the deduction amount is insufficient or part of the repayment is successful, the payment will be deducted again the day after the last payment date. If the deduction still fails, You will need to repay manually.

2. Two deductions: The first deduction will be made on the 7th day after the bill date. If the deduction is successful, no further deductions will be made. If the deduction fails or is partially deducted, the payment will be deducted again on the final payment date. If the deduction still fails, the amount will be deducted again on the day after the final payment date.

Summary: When the Bank of Communications credit card automatic repayment will be deducted mainly depends on the deduction method you set. It is recommended to pay attention to the real-time credit card automatic repayment dynamics. Once the deduction fails, it is best to wait for 3 days on the credit card. Make repayments manually during the grace period to avoid overdue payments.

Detailed introduction to the automatic repayment method of credit card and debit card association

Automatic repayment of credit card and debit card association is one of the simplest repayment methods for credit card automatic repayment, especially Suitable for friends whose salary card and credit card belong to the same bank.

For example, if your salary card is from the Bank of Communications, and you also have a Bank of Communications credit card, you can bind your salary card to the credit card, so you don’t have to pay back the credit card specifically in the future. When your credit card is due for repayment, Bank of Communications will automatically deduct the money from your salary card to repay your credit card automatically.

The automatic repayment of credit card and debit card association means that the credit card holder opens a savings settlement account or debit card account at the same card-issuing bank, and associates it with the credit card by signing an agreement, and the card-issuing bank will On the credit card due date, the corresponding amount will be deducted from the associated account to repay the outstanding balance on the credit card account.

Example:

Automatic repayment associated with Bank of Communications credit card and debit card

Automatic repayment associated with Bank of Communications credit card and debit card, starting from Your designated "debit card" current account will transfer the repayment to your credit card, and your credit card's available limit will be restored on the day of deduction.

Application method:

1. When applying for a credit card, check the debit card-associated automatic repayment field on the application form to activate the debit card-associated automatic repayment function.

2. Application at the counter: You can bring your debit card or credit card to the Bank of Communications branch to apply for the activation of automatic repayment associated with your debit card.

3. Telephone application: Dial Bank of Communications credit card hotline 95559 to apply for activation.

4. APP application: Download the Bank of Communications Credit Card APP to pay, fill in the savings card information, and bind the repayment.

How to activate automatic repayment of Bank of Communications credit card?

How to activate automatic repayment of Bank of Communications credit card?

Guidelines for automatic repayment of Bank of Communications credit cards

1. Credit card official website: Visit the homepage of this website, log in to my credit card, click "Easy Accounts" - "Quick Repayment" - "Automatic repayment contract" activates the bank's automatic repayment;

2. Registered version of online banking: After logging in to online banking using SMS password or certificate users, click "Credit Card" - "Repayment Service" - "Automatic transfer repayment contract"-"Automatic repayment setting of the Bank" activates automatic repayment of the Bank.

Time limit for automatic repayment of Bank of Communications credit cards

The repayment will be received no later than the next day, and the available credit limit will be restored after the payment is received.

Other activation methods for Bank of Communications credit card automatic repayment

1. You can also bring your identity document, debit card, and credit card to a Bank of Communications branch (limited to the bank where the debit card is opened) local outlets) opened.

2. When you activate automatic repayment, you can choose "deduction method" as "twice deduction" (repayment will be automatically processed for you on the seventh day after the bill date. If the repayment fails Or if part of the repayment is successful, the repayment will be automatically processed for you again on the due repayment date). Two deductions can restore your credit card limit in time, reduce the risk of overdue bills, and add a layer of protection for the use of credit cards.

3. It is recommended that you activate the bank's automatic repayment when you apply for a credit card.

That’s it for the introduction of how to automatically repay the Bank of Communications credit card.