The widespread use of credit cards has become a popular trend in society. Not only can you use it for consumption, but also have a variety of rights and interests to serve us, but no matter how good things are, they will have their drawbacks.
Didn’t notice these. What are these? Let’s continue reading:
1. Credit card billing date
The credit card billing day is the day when we pay the bill after consumption. On this day, you will know the amount to be repaid on the next repayment day. Most banks will notify consumers through email, mobile client, SMS, and other methods. Usually, the statement date is fixed, but it can be changed by yourself, although most bank statement dates have few options.
2. Credit card repayment date
The repayment date can be said to be the most important day for the entire credit card. On this day, you need to pay the amount shown on the statement. Most credit card repayment dates are usually 18 to 20 days after the statement date. In fact, you can also The repayment is made between the billing date and the repayment date, and this period becomes an interest-free period, and the bank does not charge any interest for repayment during this period.
Here’s a little more for you, because most credit cards have a grace period, and the grace period is generally 1 to 3 days after the credit card repayment date. As long as the repayment does not exceed the grace period, it is not overdue.
3. Minimum credit card payment
The minimum repayment amount of a credit card is a repayment function for users who have difficulty in repayment. You can choose the minimum repayment in the current bill. The minimum repayment only reduces the current repayment pressure, but actually increases your expenses. A feature as interest is charged on minimum repayments.
4. Bill installation
Bill installment is a function of a credit card, which is generally used for large-amount consumption. Bill installment will incur certain handling fees, and early repayment of these handling fees cannot be waived.
The above four points are often involved in the use of credit cards. In fact, there are also two points: liquidated damages and interest. These two points will only occur if we have a default, overdue repayment, and minimum repayment.
Next: Let’s talk about how to remedy the overdue
If you forget to repay due to your usual carelessness, you must repay in full as soon as possible after you find that it is overdue, preferably in full, because after repaying in full, call the bank to explain that it is not malicious arrears, and you have the best chance of requesting to eliminate the overdue record.
Some banks, such as Bank of Communications, also offer a “time tolerance” repayment service, which can be delayed by up to three days but can also be considered on time. Quite a few banks are offering this service at present, and the specific details are slightly different. Some banks provide these services automatically, while others require the cardholder to apply actively. Therefore, once the cardholder is too late to repay the loan, he or she should call the issuing bank to confirm the enjoyment of the above-mentioned services, to avoid negative records due to inadvertent overdue.
If it is recorded by the central bank’s credit system due to being overdue, don’t cancel the card easily. The best way is to continue to use the card, maintain good card-using habits, and cover the original negative with the new normal repayment record. record. This is a process of establishing credit with the bank. Although the credit has been destroyed in the past, it is still possible to establish it through your sincere efforts. Generally, it is not too serious overdue. After 24 months, the refreshed credit record will not affect personal credit. Once the card is canceled, the overdue record will exist for a long time and cannot be eliminated. Whether it is buying a house, buying a car, etc., as long as you want to get a loan, no matter which bank you go to, it will be affected.
In short, the author recommends all card friends, whether you are a novice or a great god, these points are what we should pay attention to.