Can a credit card repay the loan?

The party concerned can repay the loan with a credit card. Credit card has the function of bank credit line and overdraft, but the cardholder of credit card can't use credit card to repay the loan directly, but should withdraw the credit line of credit card first and then use it to repay the loan.

Extended information:

How to withdraw cash from a credit card

Credit card withdrawal mainly includes overdraft withdrawal and overpayment withdrawal. Overdraft withdrawal is a small cash loan provided by the bank for cardholders, which helps cardholders to flexibly allocate funds when they are in urgent need.

cash withdrawal of overpayment refers to the overpayment made by the credit card customer or the funds deposited in the credit card account, and a certain amount of formalities fee is required to take out the overpayment. This sum can increase the available credit limit of the cardholder's credit card, or be directly used for consumer repayment. If there is overpayment in the credit card, the overpayment will be deducted first, and then the credit line will be deducted. If the overpayment is greater than the consumption amount, there will be no overdraft.

How to repay the credit card loan

Credit cards can be repaid at any time from the billing date to the repayment date. The billing date refers to the date when the bank sends us the bill of arrears, and the repayment date is the final repayment date.

credit card repayment methods are generally as follows:

1. Issuer's APP repayment: After the cardholder downloads the Issuer's APP, he binds a savings card with sufficient balance on it. In this way, credit card repayment can be made through the issuing bank APP before the repayment date arrives.

2. automatic repayment: if the bank that handles credit cards also handles savings cards, automatic repayment can be started, and automatic repayment can be realized when the balance in the savings card is sufficient;

3. repayment at the bank counter: cardholders can go to the bank outlets with their credit cards, ID cards and cash, and handle the credit card repayment business at the counter.

4. ATM repayment: repayment can be made by saving money at the ATM of the credit card issuing bank;

5. Third-party platform repayment: Credit cards can also be repaid on third-party platforms such as Alipay, WeChat and Xiaoman Finance.

how to repay the loan by credit card?

The main repayment methods of credit cards are as follows:

1. Bundle the savings card for repayment. You can bind the credit card with the savings card of the credit card issuer, and the bank will automatically deduct the amount from the savings card when repaying.

2. Repayment by online banking transfer: after online banking is enabled and logged in, you can transfer money with your own bank account, and enter the password of the repayment credit card to complete the repayment by online banking transfer.

3. Repayment by mobile payment platforms, such as Alipay, WeChat, etc., support credit card repayment, and credit card arrears can be repaid through these apps.

4. Automatic machine repayment, using UnionPay independent repayment equipment, such as Lacarra, PayPal, etc., you can easily repay by directly using any bank debit card.

Extended information:

A credit card, also called a debit card, is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer. It is in the form of a card with the 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 the special commercial service department for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder 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 as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.