Automatic deduction by credit card is an ideal choice for cardholders (some banks can also use credit card to repay automatically across banks), but the repayment ceiling set by some banks may lead to repayment failure, which deserves cardholders' attention. In addition to inter-bank debit cards, bank money funds can also automatically deduct money from credit cards-not only earning the expected annualized income of the fund, but also automatically repaying it. Among many credit card repayment methods, this innovative method is the first choice for cardholders.
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1. There is an upper limit for automatic repayment of inter-bank debit cards.
A cardholder has handled the automatic repayment business of credit card and debit card of other banks. It stands to reason that the credit card should automatically transfer the deposits of other bank debit cards on the last repayment date, but in essence, the credit card repayment failed when the debit card balance was sufficient! It turns out that the issuing bank of the credit card held by the cardholder stipulates that the bound inter-bank debit card has an upper limit of a single deduction of 50,000 yuan, which is the "capital ceiling" regulation, which blocks the arrears that should have been remitted to the credit card.
Credit cards of banks such as Bank of Communications, Ping An, China Everbright, Shanghai Pudong Development Bank, CITIC Bank and Minsheng Bank support inter-bank automatic repayment. However, the bond debit card issuers supported by the above-mentioned bank credit cards are different, and the set repayment ceiling is also different.
For example, the debit card banks supported by China Everbright Bank include ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank, China Merchants Bank and Xingye. Because the repayable amount is limited by the balance transfer limit of the debit card issuing bank, among them, the upper limit of single deduction of BOC and Xingye debit cards is 50,000 yuan, and it cannot be repaid automatically if it exceeds 50,000 yuan. The remaining banks have no repayment ceiling. "Some debit card banks set an upper limit on the maximum amount of a single credit card deduction for inter-bank automatic repayment, while some banks do not set an upper limit. Customers should pay attention to this detail. " The staff of a credit card center of a joint-stock bank said. In addition, he also reminded cardholders who consume foreign currency to ensure that the "automatic foreign exchange purchase repayment" business is opened on the card to ensure that the credit card is repaid in full and on time.
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2. The money fund of the bank also makes money by binding credit card repayment.
Using the monetary fund to bind credit card repayment can not only earn the expected annualized expected income of the fund during the interest-free period of the credit card, but also enjoy the goods of automatic repayment (credit card financing goes to the bank to buy funds to borrow money to make money). ICBC, Bank of Communications and Guangfa Bank have launched the automatic repayment function of the money fund credit card, so that cardholders can enjoy the expected annualized income of the fund to the maximum extent and ensure the timely repayment of credit card arrears.
ICBC and ICBC Credit Suisse Bank Fund ICBC cash treasure are one of them. After logging in to ICBC Credit Suisse Bank official website, click "Online Trading Center-Set Repayment-Sign Agreement" and other steps to handle this business. Then, how much more money do you earn by choosing the automatic linkage repayment of goods base than putting the reserved funds into the current account? Taking ICBC (cash treasure) yesterday's seven-day historical expected annualized expected rate of return, the longest interest-free period of 56 days and credit card debt of 5,000 yuan as an example, it is found that the expected annualized expected return of automatic linkage repayment during the interest-free period is more than 30 yuan than the current interest. "cash treasure only supports bank credit card repayment, and non-bank cards are not supported for the time being." The staff of ICBC Credit Suisse Bank added.
Bank of Communications, China Guangfa Bank and E Fund Co., Ltd. are similar to ICBC (cash treasure). The cardholder can enjoy the expected annualized expected income of the fund by binding the goods-based products to the credit card and setting the repayment amount. "The premise of handling this business is that both the cargo base and the credit card are bound to the same savings account of the bank." The staff of Guangfa Bank said.