The two types of repayment of credit cards are the most common, so that the repayment of debts is high. Xiaobian introduces the details for everyone.
The first type: card card
This method is only applicable to card friends who have more than two credit cards in their hands. They are divided into two modes of operation. One is to use one credit card to withdraw cash and the other to credit card, and the other is to repay by credit card.
Comments:
The former requires a handling fee, and it has to charge interest at a rate of five-tenths of a day. It is not a compound interest, and it is used less. The latter is used more frequently, but credit card cashing is illegal. In addition, because the cash-out tools are various pos machines, since the implementation of the new card processing fee on September 5, the use of credit card cashing fees is more than before. A lot more, so it is not particularly cost-effective. Not to mention the existence of various uncertain factors, a bad one is easy to leak the information of the credit card, the card is stolen, it is not recommended.
Second: balance compensation
The so-called balance compensation is the process in which the user settles the bank B credit card bill through the A financial institution under the lower interest rate and then repays the money to the A financial institution. Common balance compensation agencies have “provincial savings†and “returnsâ€, and they are among the best. It is reported that the minimum interest rate is 8.99%, which is only 50% off the bank!
Comments:
Repaying credit cards through balance compensation, on the surface, seems to be good, interest rates are much lower than banks, but not everyone can qualify. Taking the repayment as an example, the relevant information of the applicant will be strictly reviewed, and the letter will be checked. The application rate is less than 60%.
In addition, when applying for balance compensation, organizations often require applicants to provide ID cards, bank card numbers, etc., and there is also a risk of information disclosure.
There are also many card friends who report that such institutions are fraudulent materials, because the application of the failure is followed by the harassment of various loan phones, which is annoying, so everyone must use this method to pay credit cards must be cautious.
Suggestion: Instead of relying on these unreliable methods to repay, it is better to control your hand as much as possible when swiping the card. Reasonable consumption is king. In case of a large amount of consumption that is forced to be forced, there is no way to repay the loan in full, or to repay the loan according to the minimum repayment amount.
All in all, if you take the above two "removal of the East Wall to make up the Western Wall" repayment method, not only will make your debts high, but also lead to information leakage, very unreliable.
Second: balance compensation
The so-called balance compensation is the process in which the user settles the bank B credit card bill through the A financial institution under the lower interest rate and then repays the money to the A financial institution. Common balance compensation agencies have “provincial savings†and “returnsâ€, and they are among the best. It is reported that the minimum interest rate is 8.99%, which is only 50% off the bank!
Comments:
Repaying credit cards through balance compensation, on the surface, seems to be good, interest rates are much lower than banks, but not everyone can qualify. Taking the repayment as an example, the relevant information of the applicant will be strictly reviewed, and the letter will be checked. The application rate is less than 60%.
In addition, when applying for balance compensation, organizations often require applicants to provide ID cards, bank card numbers, etc., and there is also a risk of information disclosure.
There are also many card friends who report that such institutions are fraudulent materials, because the application of the failure is followed by the harassment of various loan phones, which is annoying, so everyone must use this method to pay credit cards must be cautious.
Suggestion: Instead of relying on these unreliable methods to repay, it is better to control your hand as much as possible when swiping the card. Reasonable consumption is king. In case of a large amount of consumption that is forced to be forced, there is no way to repay the loan in full, or to repay the loan according to the minimum repayment amount.
All in all, if you take the above two "removal of the East Wall to make up the Western Wall" repayment method, not only will make your debts high, but also lead to information leakage, very unreliable.
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