When using the credit card, we have to repay in time, so how to repay is the most cost-effective? How do you usually return the credit card? Is it serious if the credit card is overdue? Let's understand.
How to repay with credit card
The ways of credit card repayment include minimum repayment, credit card installment repayment and full repayment. Here Xiaobian thinks that the full repayment of credit card without any cost is the most cost-effective way.
Full repayment is the only credit card repayment method that does not produce any expenses. It is also the preferred repayment method for many friends. At the same time, it can maintain good consumption habits.
This kind of friends who repay in full can seriously say that they are very smart and good at life.
We need to pay a certain price for other repayment methods:
Minimum repayment
When it comes to the final repayment date, the cardholder is short of money and has no ability to repay in full, so he can choose the lowest amount of repayment. The minimum repayment amount is generally 10% of the credit card bill amount. Once the minimum repayment amount is selected, the cardholder will no longer enjoy interest free treatment.
At present, most banks adopt the method of full interest calculation. From the date of consumption entry, they charge 5 / 10000 of interest every day, and compound interest every month.
Choose installment
In this way, the cardholder can repay according to his own repayment ability. The bank provides different instalments, and the cardholder can decide the amount and number of instalments by himself. There is no interest for installment repayment, but there will be a service charge. The charging standard of each bank is different, but the larger the installment amount and the longer the number of installments, the higher the cost.
What should credit card repayment pay attention to?
The most taboo of overdue repayment
Overdue credit card will lead to credit stain on your credit report, which will affect our future application for withdrawal and other loans. If you don't make repayment response for a long time, the bank will take various ways to collect your arrears, and even be sued by the bank in serious cases.
Some people are desperate to change their mobile phone numbers and work units, thinking that everything will be all right. In fact, it is nothing more than a fire. After all, your personal information is registered in the bank, and the bank will find you one day.
Prepayment after installment
As we all know, you need to bear the handling charge for credit card installment, and the converted adult interest rate is about 10%. Sometimes, you can charge it in full at one time, or you can pay it in installments.
If you deposit the money directly into the credit card when you repay in advance, the bank will only charge according to the order of deduction, and will not default that the money is an installment service charge, so cardholders need to pay special attention to this.