How to repay credit card debt?

When there is no credit card debt, there is no need to deposit money into the account. If credit debt arises, you need to choose the payment option that is best for you.

There are several options:

1. Repay the debt to the bank in full with a single payment. This can be done both during the interest-free (grace) period and after it expires. In any case, with this method of debt repayment, interest accrual will be minimal.

2. Repayment in any amounts, but higher than the minimum payment. With this method, it is important to remember that if you do not repay the full amount in full during the grace period, interest will be charged.

3. Repayment by the minimum payment. With this option, interest expenses will be the highest.

Learn about methods of depositing money into a credit card account