I often get a lot of advice. What if my card friend can't pay back the credit card? Among them, the question raised by my card friend is typical: If I have more than two credit cards in my hand, can I repay each other? Although this seems feasible, if it is really done, there will be great risks. Let's have a look.

Can two credit cards repay each other?

For example, Kayou Xiaoci has two credit cards, with a credit card limit of 1000 yuan and a credit card limit of 20,000 yuan. After spending with A card, he will brush out the money in B card through POS machine to repay A card; Then wait until the bill of card B comes out, and then brush out the money from card A to repay card B, so that the two cards can always repay each other.

It looks beautiful. Paying a little credit card fee can solve the problem, but it is risky.

Consequences of two credit cards repaying each other:

1. According to the operation method described above, the mutual repayment of two credit cards is realized by cashing out through POS machines, and we all know that cashing out credit cards is an illegal card use. If you touch the bank's risk control point, the bank will reduce the amount of cards.

2. The mutual repayment of two credit cards is successful on the surface, but you always owe the bank a sum of money, that is, the consumption before mutual repayment. Even if the bill is paid off this month, it needs to be repaid next month. This cycle is endless unless you pay it off yourself.

3. If the POS machines used are irregular, such as some code skipping machines and secondary cleaning machines. Your information may be leaked or your card may be stolen.

The above is "Can two credit cards repay each other?" In short, it is possible for two credit cards to repay each other, but the risk is great, so don't try it easily. Of course, the best way is to control your desire to swipe your card and spend it under the conditions you can afford.

Both credit cards belong to the same bank. Can they repay each other?

It is not allowed! Credit cards cannot repay each other, even in the same bank. Because in essence, this does not mean that you are paying back, but that you are using the bank's money. And there are places to enjoy. I suggest you pay off your credit card as soon as possible to avoid unnecessary trouble after the deadline.

Credit card, also called debit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1 The English Translation and Writing Standard for Public Service was formally implemented, which stipulated that the English name of CreditCard was Credit Card.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards. (from Baidu entry: credit card)

[img] How do two credit cards return each other?

How do two credit cards return each other?

Under normal circumstances, the principle of keeping a card by card is to stagger the repayment dates of several credit cards. Before the repayment period, the first credit card is used for daily consumption, the second credit card is used for overdraft, and the debt of the first credit card should also be paid. By analogy, several credit cards are overdrawn in turn.

situation

Zhang's salary belongs to the upper-middle level, and his life was still moist. However, since I bought a car, I have to pay back the car loan of 3500 yuan every month, and the monthly consumption expenses such as gasoline and maintenance are also very expensive. Life is much more tense than before. Once, Zhang talked about it with a friend who works in a bank. The latter suggested that she go to the bank to handle three credit cards alternately, so that she could enjoy a small interest-free loan for 50 days, which greatly eased the pressure on car loans and daily consumption. Zhang handled three credit cards, and the billing dates were 5th, 1 1 day and the end of each month. During the period from 6th to 12 every month, you can get the longest interest-free period by swiping the card with 5 journal days first. 12 to 30, and the bookkeeping date is 1 1. 1 5 swipes the last card every month. In this way, the large monthly consumption can be broken down to nearly three months.

Reminder: Although you use a credit card, you can enjoy the longest interest-free period if you start spending on the second day of the billing date. But with more credit cards, the date of the bill is easily confused. Therefore, in addition to reasonably grasping the consumption quota of each card, we should also make a detailed list, which should not only record the bill diary of each card clearly, but also list the repayment date item by item to avoid being punished by the bank for delaying repayment. "Consume" on behalf of others and "generate" money with cards.

How do two credit cards return each other?

Credit cards cannot be returned or transferred;

Only cash (five ten thousandths of the daily cash withdrawal fee and interest) or cash (with fees) can be withdrawn for repayment.

If two people have two credit cards, can they overdraw each other and pay back the money?

You can withdraw money from your own credit card to repay the other party's credit card.

However, there are two fees for withdrawing money by credit card, one is the handling fee for withdrawing cash by credit card, and the other is the revolving interest. Generally, most banks begin to calculate interest after withdrawing money, and the withdrawal fee is 0.5 ‰ per day. Some banks have minimum charges. Please consult your issuing bank for details.

This way is not very cost-effective.

Can two credit cards exchange money with each other? How to pour it?

No, the credit card itself has no money Only when you spend money can you swipe your card. In layman's terms, it is equivalent to a loan from a bank, which only needs to be repaid within one month, without handling fees and loan interest.

Can two credit cards withdraw money from each other?

It is not appropriate to withdraw money if there is a handling fee.

How do two credit cards repay each other?

Which card do you think has an earlier repayment date? If it is a B card, first withdraw money from the A card and return it to the B card, and then withdraw money from the B card and return it to the A card. Such a cycle

This is called robbing Peter to pay Paul. Personally, I suggest not to use credit cards like this. You will find that one day the bricks are used up and the walls are gone (withdrawal fees and consumer interest).

I hope you can use your credit card reasonably. Although it is convenient to consume and can be used in an emergency, it is an angel if used well, and a devil if used badly.

I hope I can help you. Finally, I wish you a happy card.

How do two credit cards use each other?

Hello, two credit cards. In order to reduce the repayment pressure, I suggest that you can set the billing date of one credit card as the repayment date of another credit card.

If you hold a CMB credit card, you have to repay it. If you don't return the bill in time before the due date, you will be charged late fees and interest, which will affect your personal credit. The overdue fine is 5% of the unpaid minimum amount, and the minimum fee is RMB 10 yuan or USD 1 yuan. Interest refers to the collection of all consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay it off in full. In order to avoid affecting personal credit, it is recommended that you repay on time. If it is not convenient to pay off the bill in full, please at least pay off the minimum repayment amount on time.

Minimum repayment amount of credit card = 65,438+00%, all general transactions of credit card account+65,438+000%, all outstanding installment transactions of account+65,438+000%, the outstanding part of the minimum repayment amount in the previous period+65,438+000%, all funds used in excess of the credit limit of account+65,438+000.

The minimum repayment amount refers to the minimum monthly repayment amount of a credit card, which is displayed on the bill of the credit card in the current month. If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. All consumption in the current period will bear interest from the bookkeeping date, with a daily interest rate of five ten thousandths. (Repay in full and on time, and you can enjoy an interest-free period for spending by credit card. )

Bill installment (only for business cards, business cards (including financial business cards), purchase cards, ANA protection cards or supplementary cards) is a new financial management function launched by our credit card, which can help you repay the consumption amount in the bill in monthly installments. You can send a short message, log in to the credit card online banking, or call the customer service hotline 4008205555 to transfer the application to the service specialist. Handling fee per installment = total installment amount × handling fee rate per installment. The minimum handling fee for each installment is 5 yuan, 0.9% for the third installment, 0.75% for the sixth installment, 0.70% for 10 installment, 0.66% for 12 installment, 0.68% for 18 installment and 0.68% for the 24th installment. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center. Please log on to the credit card website: creditcard.cmbchina./ for the application conditions of bill installment, and click "Credit Financing"-"Bill Installment" to inquire about the bill installment terms.

After the bill installment application is successful, the current bill only needs to repay the amount other than the bill installment, and the amount of the principal payable in the first installment (the principal payable in each installment = the total installment principal ÷ the number of installments) and the handling fee are reflected in the next month's bill. The bill installment transaction will fully offset the bill amount, and 10% will offset the balance of the minimum repayment amount. (The business card has no installment business)

If the bill installment application is approved, it cannot be revoked, and the installment amount and the number of installments cannot be changed. The outstanding installment funds in a successful bill installment business need to be paid off in advance. If necessary, you can call our credit card customer service hotline to apply. After the application is approved, the unpaid principal and handling fee will be settled in one lump sum, and the bill amount will be paid in one lump sum. (The business card has no installment business)

Installment of bills is not allowed for the following transactions: cash advance transaction, installment payment transaction and various fees (such as annual fee, interest, late payment fee and other credit card fees), real estate transaction, pre-authorization transaction and other transactions specified by our credit card center. (The business card has no installment business)

If you have any questions about other CMB credit cards, please search for "4008205555" among QQ corporate friends and add "CMB Credit Card Center" as your friend; Or search for "cmb4008205555" on WeChat, and pay attention to "China Merchants Bank Credit Card Center" for consultation. Thank you for your attention and support to China Merchants Bank!

Two credit cards owe each other money, and the more they owe each other, the more they owe each other.

Yes, like a snowball, I don't know why I owe so much, and I feel useless.

How do two credit cards repay each other?

Withdraw cash from one credit card and deposit it in another. I dare not return the original withdrawal card in two days.

In doing so, we only avoid default, but we have to bear high interest on long-term payment. Or find a way to make money to repay. Opportunism comes at a price.

Can two credit cards repay each other?

If it is a credit card of China Merchants Bank, you can't transfer and remit money to other credit cards for repayment.

How do two credit cards repay each other? Let's eat a set of "meat and vegetables"

What should I do if I have no money to repay my credit card on the last repayment date? Does it mean that my credit card will expire, which will affect my personal credit record? In fact, card friends can repay each other with two credit cards. Today, I will tell my card friends how to repay each other with two credit cards.

1, cash withdrawal by credit card

You can directly withdraw the amount in one of the credit cards through ATM or the counter, which is a more formal way. However, banks will charge a handling fee and five ten thousandths of daily interest, and the rules for specific withdrawal fees are different from bank to bank. Using this method, the cardholder needs to remember the billing date and repayment date of two credit cards.

Prompt: The accounting date for repayment of card A and card B must be several days, and the accounting date for repayment of card B and card A must be several days. For example, the billing date of A card is 19, the repayment date is 9, the billing date of B card is 5, and the repayment date is 25.

2. Help others swipe their cards

Use another credit card to swipe a friend's card and let them pay cash by themselves. The cash obtained can be used to repay another credit card, which is suitable for small repayment.

3. Brush merchant POS machine

Using a credit card to swipe your card on the merchant's POS machine and the merchant gives you cash is actually a credit card cashing behavior. Moreover, there are many customers of credit card cashing merchants, and the POS machines of cashing merchants are easily targeted by banks, which may easily cause cardholders to be banned by banks.

Two credit card repayment skills, how to repay each other best?

1, reasonably modify the bookkeeping date. You can apply for modification according to your own needs. If you have two credit cards, it is recommended to stagger the billing date, so that the repayment date will be staggered and the repayment pressure will be much less. In addition, it is suggested that the commonly used credit card repayment date should be two days after the salary or monthly income is paid, so you don't have to worry about having no money to repay.

2. There are many ways to choose credit card repayment. If you don't want to forget the repayment because of carelessness, it's best to bind the savings card and open the automatic repayment function. Note that some banks will limit the repayment amount of autopay. If the bill repayment amount is too large, be sure to pay attention to whether the money in the savings card is enough.

Extended data:

Matters needing attention in credit card repayment

There are more and more emerging repayment methods, but online transfer repayment, third-party POS card-to-card repayment and telephone banking repayment provided by banks are the mainstream media. If you have a fixed repayment method and repayment cycle, the monthly credit card repayment will become "easy" and will never take up too much time, let alone go to the bank to queue up.

In addition, it should be reminded that when choosing a credit card, you should ask clearly which repayment methods the bank supports, try to handle credit cards with more diversified repayment methods, and don't be confused by petty profits such as "credit card shopping discount". After all, the convenience of credit cards is the most important.

Baidu encyclopedia-credit card repayment

How to balance two credit cards?

The way for two credit cards to repay each other is that the user withdraws cash from card A and returns the debt owed by card B.. In this way, A card and B card can repay each other, but there are certain risks in this repayment method. For example, the withdrawal amount of card A or card B is insufficient or cannot be withdrawn, which will directly lead to the overdue of another card.

Therefore, users had better not use two credit cards to repay each other, which is not only risky, but also leads to more and more repayment amounts.

Extended data:

Disadvantages of using two credit cards in reverse

Credit cards generally provide a credit line, allowing cardholders to spend in advance, so they are welcomed by many people. However, in order to enjoy shopping without spending money, many people will choose to apply for several credit cards and use them backwards. First use one credit card to spend, then withdraw the amount from another credit card and return it to the last credit card. After the last credit card is repaid, the amount will be restored, and then it will be repaid, and so on.

Although this method seems feasible, it will bring many disadvantages. Because this operation will generate a lot of handling fees, although the credit card has an interest-free period, it can not enjoy the withdrawal operation, and interest will be calculated from the day of withdrawal. If the cardholder uses two credit cards in reverse, there will be a lot of handling fees, but the economic burden will be greater and greater.

And this method is very energy-consuming, because it is difficult to keep balance. There are many variables in real life. If the cardholder can't repay the loan on time, this balance will be broken. At that time, he may have to face two credit card bills at the same time. If he can't repay in time, he will fall into a repayment cycle and may be labeled as a "card slave".

This method of "robbing Peter to pay Paul" is not advisable. Some people may want to use it more and more. When they feel that the credit line can't satisfy their shopping desire, they will apply for more credit cards, which will only get them deeper and deeper.

This is the end of the introduction of mutual repayment of two credit cards and illegal mutual repayment of two credit cards. I wonder if you found the information you need from it?