Credit cards can be repaid as long as the bill is issued, but installments are not included. Taking Fuzhou, Fujian as an example, early repayment of credit card installments will result in liquidated damages, so just repay within the specified time.

The Shanghai Pudong Development Bank Credit Card Center also issued an announcement stating that the item "Wanyongjin one-time early repayment penalty" will be removed from the "Shanghai Pudong Development Bank Credit Card Business Main Charge Items", and the "Wanyongjin one-time early repayment liquidated damages" item will be removed from the "Wanyongjin one-time early repayment penalty" item. The "one-time penalty for early repayment" will not be charged as a fee, but as interest, and the calculation standard is consistent with the original standard (a one-time deduction of 3 liquidated damages for the principal portion of the early repayment).

In addition, banks such as China Construction Bank, China Merchants Bank, and Huaxia Bank stipulate that all remaining handling fees for early repayment of credit card installments will be charged at once. In addition to charging full handling fees, some banks also charge early repayment penalties.

Currently, only a few banks waive handling fees for the remaining portion of early repayment of credit card installments. For example, with the Agricultural Bank of China credit card, if the cardholder chooses to pay off the remaining balance of the installment in full at once and terminate it early, the undue handling fee will no longer need to be paid.

Extended information:

Take a credit card as an example. It does not mean that you just need to pay the unpaid principal directly to the credit card. Instead, you need to call the card issuer to apply for advance payment. Repayment can only be made in advance after the card issuer agrees. If the bank agrees to repay in advance, it will calculate the final amount to be repaid, and then include it in the minimum repayment of the next period's bill. If the minimum repayment is met, the installment can be terminated early.

And if you pay the money directly to the credit card without applying for early repayment from the bank, this does not mean that the debt is paid off, but that the money is deposited in the credit card, which exceeds the limit. The repayment amount in this period becomes an overpayment. Not only can it not be deducted from the arrears, but there is also a handling fee for taking out the money, so the gain outweighs the loss.

People's Daily Online - Many banks have issued new regulations to charge liquidated damages for early repayment of credit card installments