Be careful about leaving “stains” when adjusting credit card automatic repayment limits across banks
Many credit card users usually use automatic repayment for the convenience of repayment. Nowadays, many banks have lowered the limit for automatic inter-bank repayment of credit cards. Some limits have been lowered from 50,000 to 10,000, so everyone should be careful. If the bill exceeds the limit and the repayment is not timely, it will be "stained" on your credit record.
Small scope of impact:
Although the automatic repayment limit has been reduced, not many users are affected. Because two conditions must be met to be affected, the first is users who use credit cards to bind debit cards for automatic repayment, and this is across banks. The second is users whose monthly consumption bill exceeds 10,000 or 50,000.
Reason for lowering the repayment limit:
The large inter-bank automatic repayment limit may reduce the deposits of the debit card issuing bank. In order to consider the increase of its own deposits, banks may set upper limits on the repayment amount of credit cards bound to other banks, and the repayment limit is determined by the bound debit card issuer, and the credit card issuer only cooperates.
For credit card automatic inter-bank deductions, many banks will only make one automatic deduction on the due repayment date and will not make additional deductions. If the credit card holder's repayment amount or bill amount exceeds the repayment limit, he should repay through other repayment methods, such as over the counter, mobile banking, online banking, and third-party repayment channels such as Alipay and Lakala.
In addition, the success of credit card automatic repayment business is also restricted by other factors, such as the current balance transfer of debit cards, UnionPay platform limits and credit card issuer restrictions.
1. Bind the repayment 2 to 3 days in advance. Most banks' inter-bank automatic repayments cannot arrive in real time. In order to avoid unnecessary trouble, it is best to make repayments 2 to 3 days in advance.
2. Bind the debit card of the same bank. The limit for automatic cross-bank repayment of credit cards has been reduced, but credit cards bound to debit cards of the same bank are often not subject to amount restrictions.
3. Pay attention to text message reminders. Some banks will send text messages to remind cardholders when the credit card issued by them has not deducted the full amount. Cardholders should pay close attention to their mobile phone text messages and call the credit card customer service number on the day after the due payment date, or Log in to online banking and mobile banking to check whether automatic credit card repayment is successful.
What should I pay attention to when performing cross-bank automatic repayment operations?
What should I pay attention to when performing cross-bank automatic repayment operations?
1. Pay attention to the bank’s notice on lowering the repayment limit
All major banks have issued notices on inter-bank automatic repayment limits, and some banks have adjusted the limit to 40,000 yuan! If you still make repayments according to the single maximum limit before the reduction, it is very likely that the inter-bank automatic repayment will fail or the repayment amount will be insufficient, and you will face penalty interest or even stain your personal credit record.
Bank industry insiders remind that although automatic repayment across banks is convenient, pay attention to the repayment limit.
2. Make sure the account has sufficient funds within three days of repayment due.
Generally, if UnionPay inter-bank automatic repayment is activated, the monthly credit card bill will be owed 1 day after the repayment is due. The amount will be automatically debited from other bank's debit card within 2 days or 2 days.
To avoid failure to debit, make sure there is sufficient deposit in the account two days before the "last due repayment date" and pay attention to whether the repayment amount exceeds the limit. It is best for cardholders to check and confirm whether the monthly bills of their credit card accounts have been paid off in time.
In addition, most banks only support RMB automatic transfer repayment.
Can a bank’s credit card be automatically repaid from another bank card?
Currently, credit cards can be bound to debit cards of other banks for automatic repayment. Currently, some banks have launched a business where cardholders can apply to bind repayments to multiple bank savings cards. However, this initiative It’s not common. “Some banks cannot bind repayments because the two parties have not signed a cooperation agreement. Others are because the agreement has expired and the head office does not reduce the handling fee for this part of inter-bank repayment. The main reason for this is the number of outlets. There are not so many joint-stock banks, such as China Guangfa, CITIC, Industrial Bank and other banks. The customer service staff of CITIC Credit Card Center said that the bank’s credit card holders can bind to six banks including Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank and China Everbright. Debit card automatic repayment. Customers do not need to go to an outlet to apply for this service. They can directly call the credit card center to apply, and there is no need to pay a handling fee.
If you want to repay through an online credit card, your payment bank card needs to sign up for online banking. After signing up for the online banking payment function, you can repay on the Kuaiqian website. It usually takes 2-3 days to arrive in your account. However, you must pay back your debit card to your credit card, otherwise your account may be blocked if you "cash out" it. There are several channels: First, UnionPay, which supports repayment with the same name. UnionPay online payment allows online repayment without handling fees. The scope of support is mostly banks with fewer branches. The maximum monthly limit is 20,000 yuan. You cannot repay more. The second is Kuaiqian. This is an online trading platform that provides third-party channels for credit card repayment business. It supports many banks, so it is recommended to choose it. The third is Tenpay, which is also an online transaction platform. It has only recently been able to launch credit card repayment business, and its supporting banks are very limited. The advantage lies in convenience, because this is QQ's payment platform.
The "automatic repayment" service of debit cards can automatically repay. The credit card holder brings his or her ID card, credit (credit) card and debit (savings) card to the relevant bank branch to activate automatic repayment. payment business. The general process of automatic repayment: For example, the 20th of this month is the credit card repayment day, and you need to repay 102 yuan. After opening the debit card automatic repayment service, go to the debit card and deposit 102 yuan before the 20th (ATM deposit or Real-time transfer and remittance (best deposit on the 19th). On the 20th, 102 yuan will be deducted from the current account of the debit (savings) card and automatically transferred to the credit card to complete the repayment. The only thing the repayer has to do is to deposit the specified amount (the amount can be the same or more, but not less) one day before the monthly repayment date. For other detailed questions, it is recommended to call customer service for consultation.
Some banks have lowered the limit for automatic inter-bank repayment of credit cards
As the convenience and affordability of credit card consumption have improved, the usage rate of credit cards has also increased. In order to make timely repayments, many cardholders will apply for automatic linkage repayment services when using credit cards, binding their credit card accounts to their savings card accounts and automatically repaying their loans upon maturity. Many of them have engaged in cross-bank automatic repayment services.
However, some banks have recently lowered the upper limit for automatic inter-bank repayments of credit cards. Moreover, most banks are unable to remind cardholders in real time if inter-bank automatic repayments are not made in full. Therefore, it is recommended that cardholders frequently check the amount in their savings cards and check whether there are any changes in the inter-bank repayment limit, so as to avoid interest accruing if they fail to repay in full and on time and affecting their personal credit records.
Some banks have lowered the inter-bank repayment limits for credit cards
A few days ago, a reporter saw an announcement on the official website of the Minsheng Bank Credit Card Center saying that after receiving an emergency notice from the Postal Savings Bank of China, inter-bank connections were still The single limit for repayment transactions was adjusted from 50,000 yuan to 10,000 yuan, that is, the postal savings bank's savings card repays the credit card of China Minsheng Bank, and the single limit is adjusted from 50,000 yuan to 10,000 yuan. If the cardholder's repayment amount is more than 10,000 yuan, he can choose to repay through Minsheng Bank counters, mobile banking, online banking, and third-party repayment channels.
In addition, the official website of Everbright Bank Credit Card Center also issued an announcement that debit cards from other banks will be automatically repaid across banks to the bank's credit cards, and the limits will also be adjusted. It is understood that the single repayment limit of Agricultural Bank of China and Bank of China is 50,000 yuan, and the cumulative repayment limit in a single day is 100,000 yuan; the single repayment limit of Industrial Bank is 50,000 yuan; and the single repayment limit of Postal Savings Bank is 10,000 yuan. Yuan. On the due date of repayment, China Everbright Bank will only make one automatic deduction and will not make additional deductions. To ensure timely and successful repayment, please ensure that the single active repayment amount or the remaining repayment amount of the current bill is less than the debit card issuing bank's limit. Transfer the limit, otherwise the repayment will fail.
Credit card automatic repayment across banks means that the credit card held by the bank card of another bank is bound to the credit card for automatic repayment. Currently, banks that have launched this business include China Everbright Bank, Ping An Bank, Shanghai Pudong Development Bank, China Minsheng Bank, China CITIC Bank, etc. According to reports, the limit for automatic inter-bank repayment of a credit card will be raised or lowered at the discretion of the bound debit card issuing bank. “For example, if you use Everbright Credit Card and link other banks’ savings cards to automatically repay, the limit is determined by the other bank.” Relevant staff from Everbright Bank Quanzhou Branch introduced that for specific repayment limits, cardholders should consult the corresponding debit card issuing bank for more information. for accuracy.
Some banks have no reminders for the failure of inter-bank automatic repayment
Relevant bank staff said that currently China Everbright Bank credit cards can be bound to the bank’s and some other banks’ savings cards to complete automatic repayments. . If the bank's savings card is bound, the system will automatically deduct the payment on the due repayment date. If the balance in the savings card is insufficient to repay the credit card, "the amount will be deducted, and the shortfall will be reflected in the deduction text message."
However, if it is bound to a savings card from another bank and the balance in the card is insufficient, the deduction will fail.
Xiao Huang, a staff member at the credit card center of another joint-stock bank, said that if the credit card is bound to the bank's savings card and the amount in the card is not enough to repay the credit card, the bank will send a text message to remind the cardholder, but if it is an automatic payment across banks, The repayment failed and the bank was unable to notify the cardholder in time. For example, if the repayment amount of a credit card bill is 12,000 yuan, and the automatic repayment limit of another bank's card is 10,000 yuan, or the amount in the savings card is only 10,000 yuan, then the deduction will fail, and the credit card issuer will generally not notify you until a few days later. The cardholder has not paid off the credit card in this period. Therefore, for cardholders who have set up automatic repayment, it is recommended to check whether the inter-bank repayment limit of the savings card has changed, and also frequently check whether the amount in the savings card is sufficient to repay the credit card.
Some bankers pointed out that most banks only support RMB automatic transfer repayment and do not support contracted automatic transfer repayment business. Therefore, if you have consumed money, you should consult the card issuing bank on how to repay. In addition, relevant staff at the Credit Card Center of Ping An Bank reminded that unlike repayments linked to credit cards and debit cards of the same bank, cross-bank repayments cannot be credited immediately. In order to avoid some troubles, it is best to tie the repayments 2 to 3 days in advance. This way you can ensure that your credit will not be overdue and result in penalty interest or even a bad credit record.
Are there any handling fees for credit card repayments across banks?
No.
Currently, many banks including Bank of Communications, Shanghai Pudong Development Bank, China Everbright Bank, etc. have opened credit card inter-bank transfer services. For example, the Bank of Communications has recently launched a campaign in which those who hold the Bank of Communications Platinum Credit Card as their principal card and use Industrial, Agricultural, Commercial, China Construction, Postal Savings, China Everbright, and China Merchants Bank to successfully repay their platinum cards across banks will receive free handling fees.
Banks that have opened this business can perform inter-bank binding for free, and consumers can apply by calling the credit card customer service hotline. Although binding credit cards across banks for repayment is very convenient and fast, bank customer service also reminds cardholders to pay attention to the repayment limit.
The credit card inter-bank automatic repayment limit is determined by the issuer of the bound debit card, and the credit card issuer only cooperates. The debit card will not set an upper limit on the repayment amount for credit cards bound to our bank, but will set an upper limit for the maximum single repayment amount for credit cards bound to other banks.
Extended information:
Recently, many banks have adjusted the upper limit of their automatic repayments. For example, Minsheng Bank previously issued an announcement on the official website of its credit card center saying that due to the payment of China Post The Savings Bank of China issued an urgent notice that from now on, the single limit for inter-bank related repayment transactions will be adjusted from 50,000 yuan to 10,000 yuan.
That is, if the cardholder repays through the Postal Savings Bank debit card and the amount owed is more than 10,000, the inter-bank automatic repayment may fail, or the repayment balance may be insufficient. If the cardholder is careless, he or she will not only be fined, but his or her personal credit record will also be stained.