Prepayment is divided into partial prepayment and full prepayment. In case of partial prepayment, the repayment amount is an integral multiple of the principal of each installment, and the number of overdue applications will be automatically reduced; If the repayment is made in full in advance, the repayment amount shall be the outstanding installment principal, and the installment will automatically end after the application is successful.
Credit card repayment.
On the Similarities and Differences among Credit Card Repayment, Credit Card Trading Date and Entry Date
Trading day: Literally, it refers to the date when the cardholder actually consumes, deposits and withdraws cash, transfers money or actually conducts transactions with relevant institutions.
Account entry date: refers to the date when the card issuer records the transaction amount in the cardholder's credit card account or records the handling fee and interest in the cardholder's credit card account according to regulations.
The trading day and posting day are sometimes the same day, and sometimes they are not. Especially in foreign consumption, the difference between the two may be more than one day.
This point, many old drivers who grab cash back from consumption abroad must have a deep understanding, and many of them are defeated because they don't understand the difference between these two dates.
It's not that everyone is inexperienced, but the entry dates of different banks are different, even the same bank is different every month. This rule is really hard to touch.
In fact, it is not only overseas activities, but many banks like to calculate their activities on the entry date. You may wish to pay attention to the detailed description of various activities to avoid accidentally falling into the pit.
About overdue credit cards
Speaking of overdue, let's explain it with a few nouns.
The billing date means that the issuing bank will regularly summarize and settle all the transactions and expenses of your credit card account in the current period every month, calculate the interest, calculate the total amount owed in the current period and the minimum repayment amount, and send you a statement (paper bills are almost extinct now, basically text messages and emails). This date is your credit card bill.
Repayment date: credit card is a non-cash transaction, and the interest-free repayment date is from the bank bookkeeping date to the due repayment date, and the last interest-free date is the last repayment date written on the bill.
The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is listed on the current bill.
Minimum repayment amount = 65438+ 00% of the unpaid consumption within the credit line (5% in some banks)+65438+000% of the cash advance transaction amount+65438+000% of the unpaid part of the previous minimum repayment amount+65438+000% of the consumption exceeding the credit line+65438+000% of the expenses and interest.
In short, as for the minimum repayment amount, just look at the items on the bill.
Ok, with the above noun explanation, this overdue is easy to explain.
If the minimum repayment amount has not been paid after the last repayment date, even if it is overdue, it may be recorded in the credit report.
The reason why it can be published in newspapers is that many banks have set aside some exemption conditions. When the technical term is tolerance, it is regarded as mercy outside the law.
"Tolerance and time tolerance" is a general term for "tolerance service" and "tolerance and time tolerance service" of bank credit cards.
"Tolerance service" means that the cardholder fails to repay in full in the current period, and if the unpaid part in the account is less than or equal to a certain amount after the due repayment date, it is deemed that the cardholder has repaid in full, and the unpaid part will be automatically transferred to the next bill, and the unpaid part will not bear interest.
"Time-tolerant service" refers to providing cardholders with a certain period of repayment grace period service, and the repayment grace period is within a few days from the due repayment date; If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.
The repayment date of general banks is 20 days after the bill date, and some banks are 25 days after the bill date; Generally, the holding time is 2 or 3 days (note that the holding time of ICBC is 0 days); Tolerance is generally within 10 yuan, and only China Everbright Bank can tolerate it within 100 yuan.
In addition, the time difference services of Guangfa Bank, China Everbright Bank and Shanghai Pudong Development Bank can only be enjoyed upon application. In this regard, the application time tolerance is understandable. If you realize tolerance, you will definitely pay back a few dollars. Who would bother to apply? With the threshold of application, it means that there is no such service.
Then, after the bank allows the time to form a real overdue, will it definitely pollute the credit information?
The answer is also no.
Because banks don't report overdue in real time, they all have their own work rhythm, and the fastest one takes one working day, and some banks even report it in ten days.
This overdue report is also the last remedy for everyone. Repay in full, take the initiative to explain your last move (such as forgetting all unforgivable non-subjective reasons, such as not going on a business trip), and be sincere, so that it is possible to "save the day."
Of course, saying this is not to make everyone feel lucky and delay repayment, but to solve it as soon as possible once it is overdue, and don't break the jar without asking.
Credit card interest
Even if it is overdue accidentally, if it is not paid in full by the repayment date, there will be a large interest fee waiting for you.
Interest: Due to cash withdrawal or insufficient repayment (only the minimum repayment amount) on the repayment date, the current common algorithm for credit card interest is the daily interest rate of five ten thousandths. Whether it is overdue or not, as long as it is not repaid in full after the repayment date, this interest will be generated.
Reminder: One billing cycle is the calculation cycle of interest, and the interest of the next cycle will be incorporated into the principal for recalculation.
Here are a few points to note:
1, cash withdrawal is different from credit card consumption, and there is no interest-free period. As long as you withdraw from the current bank, you can start calculating interest. If you don't make up the money for an emergency, remember to pay it back quickly. Don't wait until the repayment date to pay it back together. There will be a large interest fee waiting for you.
Of course, everyone must know this. Everyone takes it on the same day and returns it on the same day. It doesn't need interest, only a handling fee.
The interest-free period of credit card consumption is conditional, that is, you must repay in full before the repayment date. If only the minimum repayment amount is paid, the interest will be calculated in full, although it will not cause bad news of overdue.
Related repayment
Some people may say that I linked a debit card and set up automatic repayment. No matter how many pits I have, I can't be cheated.
If you think so, there may be a bigger pit waiting for you.
Because credit card repayment still has a problem of pressing the card or the account, one thing you must keep in mind! I can't figure this out. I'll wait for you after the deadline
Find out which banks are pressing cards and which banks are pressing households, and make relevant repayments in a targeted manner.