How to repay with a credit card

1. Repayment at the bank counter: Go to the counter of the issuing bank of the credit card to make the repayment. Just inform the bank teller that the credit card repayment is enough. You need to prepare cash. ;

2. ATM repayment: Go to the ATM machine of the credit card issuing bank to perform savings operations. You need to prepare sufficient cash;

3. Online banking repayment: Find a bank account with a balance If you have money and a savings card from online banking, you can transfer money to the credit card account for repayment through peer or inter-bank transfer. A small service fee will be deducted for the inter-bank transfer operation;

4. Repayment with associated savings card: Generally when applying for a credit card , the bank staff will ask if they can apply for a savings card from the same company, associate the savings card with the credit card, and set the deduction date. As long as the savings card has sufficient assets, the bank will automatically transfer money from the savings card to repay the credit card every month, so there is no need to worry about the credit card being overdue. Repayment.

Credit card repayment process

1. Credit cards can be consumed first and then repaid, and they can be paid off before the repayment date. The statement dates and repayment dates of major banks vary. Generally, the credit card repayment date is between 15 and 25 days after the statement date.

2. The credit card bill has been paid first, and then the bill has not been issued. Credit card bills are repaid in the order of interest, handling fees, other fees, cash, installment consumption, and ordinary consumption.

3. There are various repayment methods for credit cards. Common repayment methods are: branch repayment, ATM machine repayment, online banking repayment, mobile banking repayment, third-party software repayment, etc.

Can depositing money directly into a credit card count as repayment?

Depositing money directly into a credit card counts as credit card repayment. However, if there is no outstanding balance on the credit card, there is no interest for depositing money to the credit card. Yes, there is no interest for depositing money on a credit card. The extra deposit is equivalent to a short-term increase in the limit.

The common domestic credit card repayment methods mainly include the following categories:

In-bank repayment: This repayment method mainly includes: card issuing bank counter, ATM, online banking, automatic transfer, Telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

Mobile phone repayment: A mobile phone is a personal payment terminal of a mobile financial system, which can be used to directly repay by swiping a card, or to perform transfers and other services. Instant payment.

Convenience store repayment: Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. Generally, it takes ~ working days to arrive in the account, and there is no handling fee for repayment using this method.

Online repayment: The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

For more information about whether depositing money directly into a credit card counts as repayment, go to: View more content

How to use and repay credit cards

How to use it The most cost-effective way to use credit cards is to swipe more cards, pay them back on time, and withdraw less cash and make fewer installments. As long as you use credit cards reasonably, you don't have to pay interest, annual fees, late fees, etc., and you can turn around funds for short-term investments in the short term, it is still very cost-effective. If you want to use your credit card rationally, you can refer to the following tips:

1. Withdraw less cash and use more cards

It is expensive to overdraft cash on a credit card and you cannot enjoy the interest-free period. The amount of cash you withdraw is calculated on a daily basis. The interest is calculated at 0.05%, and a cash withdrawal fee is also deducted, ranging from tens to hundreds. Therefore, never overdraft to withdraw cash unless absolutely necessary.

2. Pay the card after the bill date to enjoy the longest interest-free period

The interest-free repayment period of a credit card is from the date of consumption to the due repayment date after the bill date. There is a difference of one month between the longest and the shortest period, so if you swipe your card on the first day after the statement date, you can enjoy the longest interest-free period.

3. Repay on time and in full

When the credit card statement comes out, there will be a final repayment date. Be sure to repay before the final repayment date. If the loan is not repaid by the final repayment date, the bank will not only charge overdraft interest but also late payment fees. In severe cases, it will cause bad credit and cause a lot of inconvenience for future loan applications. Moreover, if you repay in full before the final repayment date (you can exchange the full amount for consumption and cash withdrawals), you can enjoy the interest-free repayment period.

4. Only pay off the debt and avoid overpayment

The overpayment on a credit card is the excess deposit after the credit card holder pays off the debt. For credit card overflow deposits and withdrawals, many banks will charge additional handling fees (some banks do not charge them). Not only do you have no interest but you also have to pay extra, which is really not cost-effective.

5. Swipe more cards to avoid annual fees

Credit cards charge annual fees. Generally, annual fees start to be charged the following year after application, but most banks require you to swipe your card a certain number of times each year. Or the annual fee for the following year will be waived after the scale is reached. Therefore, you might as well choose to use credit cards for daily shopping. As long as you repay during the interest-free repayment period without paying interest, and you can also accumulate points, why not do it.

6. Save points and redeem gifts

In order to encourage customers to use the card, banks will calculate points based on the amount of customer consumption. Points can be exchanged for gifts or used to offset consumption. So when you usually shop, swipe your credit card wherever you can (regular merchants) and accumulate points to redeem gifts.

7. Rational installment

Many banks provide customers with installment services, ranging from 3, 6, 12, and 24, to facilitate early consumption. However, installment payment will incur additional fees, so if you don’t want to pay the handling fee, try not to choose installment payment if you can afford the consumption.

Credit cards can be repaid in the following ways:

1. In-bank repayment

The repayment methods mainly include: card issuing bank counter, ATM , online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Mobile phone repayment

Mobile phone is a personal payment terminal of mobile financial system, which can be used to repay money directly by swiping the card, and can also perform transfers and other services.

3. Convenience store repayment

Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

4. Online repayment

The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Inter-bank transfer

Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Can I deposit money directly into credit card repayments?

1. For credit card repayments, you can directly deposit money into it. The deposited money will be automatically deducted on the repayment date. You can choose to directly deposit money into the credit card at the counter or ATM machine for repayment. Or transfer money to your credit card through online banking, mobile banking, etc. for repayment.

2. When depositing money into a credit card, you must pay attention to the time of depositing. It is best to deposit money a few days in advance. Try not to deposit at the time of repayment, because if you do not control the time well, It is easy to fail to repay.

3. If you save too much, you can spend it the next time you use your credit card to make a purchase.

For more information on whether credit card repayments can be deposited directly into automatic deposit machines, go to: View more content

Can credit cards be deposited and repaid on automatic deposit machines

2. In addition to depositing money for repayment at automatic deposit machines, there are also ways to repay at the counter of the card issuing bank, online banking, automatic transfer, and telephone banking. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

3. Different types of CCB credit cards charge different annual fees. For example, the annual fee for regular cards is 80 yuan, and the annual fee for gold cards is 160 yuan.

4. Generally, if you swipe your card the number of times specified by the bank within a year, the annual fee will be waived. Different credit card categories have different designated times. For example, the regular card and gold card will have 3 card purchases or cash withdrawals per year (no limit on the amount), and the annual fee for the current year will be waived; the standard platinum card will have 10 card purchases or cash withdrawals per year (no limit on the amount), and the annual fee for the year will be waived.

Extended information:

Credit card product types:

1. According to different card issuers, they can be divided into bank cards and non-bank cards.

2. According to the different objects of issuance, it can be divided into corporate cards and personal cards.

3. According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards.

4. According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards.

5. According to the different circulation scope of credit cards, they can be divided into international cards and regional cards.

Baidu Encyclopedia: Credit Card

What are the repayment methods for Bank of China credit cards?

Currently, Bank of China has multiple ways to handle credit card repayments: you can actively repay through Bank of China counters, automatic deposit and teller machines (ATMs), online banking transfers, etc.; or through inter-bank transfers, Alipay, etc. Self-service repayment through channels; if you hold a Bank of China debit card, Great Wall credit card, or current deposit card, you can also apply for automatic repayment.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

This is the end of the introduction about credit card deposits and repayments and whether the repayment card is a credit card or a debit card. Have you found the information you need?