The repayment time of the temporary credit card limit is before the final repayment date of the current bill and cannot be included in the minimum repayment amount and installment amount. The temporary credit line used needs to be fully repaid. There is no need to repay on the same day, and the latest repayment time is before the last repayment date of the current bill. According to this, the cardholder will repay the loan in time and will not be regarded as overdue.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

Main characteristics of extended data

Cash advance deposit is not encouraged. You can enjoy an interest-free repayment period and can repay in installments (minimum repayment amount). Join VISA, Master Card, JCB and other international credit card organizations, which are universal.

It is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.

It has two functions: payment and credit. Cardholders can use it to buy goods or enjoy services, and they can also use credit cards to obtain certain loans from card issuers.

It is a high-tech product integrating financial business and computer technology.

Can reduce the use of cash currency.

It can provide settlement services, facilitate shopping and consumption, and enhance the sense of security.

It can simplify the collection procedure and save social labor.

It can promote commodity sales and stimulate social demand.

Baidu encyclopedia-credit card