1. Do all credit cards have the function of withdrawing cash? Is it better to withdraw cash and repay in installments according to the minimum repayment amount, or to repay it in full at once? What is the difference in terms of payment (meaning is there a big difference in the amount of repayment between the two)?

Credit cards all have the function of withdrawing cash, and a handling fee of about 1% will be charged on the day of withdrawal. If you withdraw cash overdraft, you will also be charged a daily interest rate of 0.05%, which needs to be repaid on the last payment day with no less than the minimum repayment amount. Of course, it is better to repay in full, which can greatly save interest expenses

If you repay in full after using the card, no interest or fees will be charged. If it exceeds the final repayment date stipulated by the bank, Charge a daily interest rate of 0.05%

2. Which banks offer free credit card cash withdrawals?

ICBC ICBC credit card is free of charge for local cash withdrawals. However, there is a 1% handling fee for withdrawals from other places. The maximum is 100 yuan and the minimum is 1 yuan. If you have a Bank of Communications Y-POWER card, each cash withdrawal only charges 5. Yuan is also relatively cost-effective

3. Regarding the annual fee of credit cards, many banks stipulate that if you swipe the card 5 or 6 times, you can be exempted from the annual fee for the next year. I would like to know if there is no limit to the amount of consumption each time the card is swiped. , or does it have to reach a certain amount to count as one time?

Yes, there is no limit on the amount. As long as the number of credit card swipes reaches the limit, you can swipe the card for 1 cent.

4. Does a successful online credit card payment transaction count as a credit card swipe record?

According to calculation, online payment with credit card or recharge of Alipay are included in the consumption enjoyment period but points are not counted

5. What is the concept of billing day? Can you explain it in a simpler way? ?

The statement date is a settlement date set by the bank. For example, on the 5th, the bank will print out a statement from the 5th of the previous month to the 5th of this month so that you can count it and the bank will know it. Then you can check the bill and pay it back

6. Does interest-free apply to card purchases or cash withdrawals? If both, what are the respective interest-free policies? < /p>

7. Where does the minimum repayment amount come from? Is it set by yourself or by the merchant?

If you cannot repay in full after consumption or cash withdrawal, you can repay according to the minimum repayment amount. Interest will be charged at a daily interest rate of 0.05%. The minimum repayment amount is: 10% of the current consumption amount + current overdraft withdrawal in cash 10% + last month’s unpaid amount + this month’s interest and fees

Repaying with the minimum repayment amount will not affect your personal credit record. Repaying with the minimum repayment amount is best to pay attention to each period. It is listed on the statement, and you can also call customer service to inquire

Whether you use a credit card to make purchases or withdraw cash, you must repay no less than the minimum payment amount on the last payment day of each month, otherwise you will be charged a late fee. Once a bad credit record occurs, it will be difficult to apply for a credit card or loan at the bank in the future

8. What is the inevitable relationship between the interest-free period, billing date, installment, and minimum repayment amount?

The interest-free period is the period from the start of consumption to the last repayment date.

The last repayment date is directly related to the statement date. The bank has regulations. The minimum repayment period is 20 days. The last repayment date is the 20th day after the statement date. If the minimum repayment period is 25 days, it is the 25th day after the statement date.

Instalment business is available You can make installments at the shopping malls designated by the bank or on the bank's website. You can also go to any merchant to swipe your card for payment and then call customer service to apply for bill installments

The final repayment date means that if you cannot repay the full amount on the final repayment date, you must pay the minimum payment amount. Otherwise, you will have a bad credit record if you repay the amount.

9. What are the differences and connections between credit cards, credit cards, and debit cards?

Debit card is what we usually call savings card. You can deposit your own money and spend your own money. You can swipe the card but cannot overdraw.

Credit card is a credit card. You don’t need to deposit your own money. You can advance it in advance. Cash withdrawal for consumption or overdraft

Afterwards, repay the loan according to the bank's regulations and within the specified date. No interest will be charged for the card consumption part, but for the cash withdrawal part, a handling fee and a daily interest rate of 0.5% will be charged

Quarantine loan You can debit the card for consumption or overdraft to withdraw cash, but consumption does not enjoy interest-free treatment. There is no handling fee for local overdraft withdrawal, but you need to pay interest at a daily interest rate of 0.05%

10. Some people say that credit card withdrawals are interest-free and free of handling charges. You can place a large order (virtual) on Taobao, and then use your credit card to take a photo of the product. The money will be transferred to your bank account and you can withdraw interest-free and fee-free. How do you do this? Did it violate some of the bank's rules?

This is a secret operation. If the bank discovers it, the card will be revoked, but it is not a violation because it is a private matter. You should understand it yourself and you cannot say too much

Finally, you The 200 points are worth it to anyone

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