The interest-free period is from the bank bookkeeping date to the due repayment date, and the longest interest-free period is 50 days. There is no interest-free period for cash withdrawal transactions.

Generally speaking, the interest-free period of credit cards is as short as 20 days and as long as 50 days. As long as cardholders skillfully make full use of the bank's policies, they can enjoy the interest-free period of their credit cards to the greatest extent.

Calculation of interest-free period length

The three most critical factors affecting the interest-free period of credit cards are the date of credit card swiping, the date of billing and the date of repayment.

Card swiping date: the date when the user swiped the card; Billing date: it is the date when the money designated by the bank to the user's credit card is credited to the account and a bill is formed; Repayment date: the bank stipulates that users can enjoy the interest-free period by returning all the bill amount before this date.

For example, suppose that the billing date of Bian Xiao's credit card is the 8th of each month and the interest-free period is 20 days, then each 28th is the due date of Bian Xiao's credit card.

The difference of consumption days directly affects the length of interest-free period. Suppose Bian Xiao spent 1 10,000 yuan on July 7th, then on the billing date of July 8th, this 1 10,000 yuan will be included in the bill of July (specifically in the billing cycle from June 8th to July 8th), and this account should be repaid on July 28th. Therefore, the longest interest-free period Bian Xiao can enjoy is 2 1 day.

If Bian Xiao spent 1 10,000 yuan on July 9th, because the bill date on July 8th was exceeded, then this 1 10,000 yuan will be credited to the August bill on August 8th (specifically, the bill cycle from July 8th to August 8th), and this account should be paid back on August 28th. So the longest interest-free period that Bian Xiao can enjoy is 5 1 day!

Of course, in addition to mastering certain skills and knowing how to calculate the interest-free period, we also need to know how the interest-free period of major banks is stipulated, so as to make the best use of it.

Summary of interest-free period of bank credit card

1. ICBC:

The repayment method is credit card repayment, with an interest-free period of 25 days and no grace period.

2. Agricultural Bank:

The repayment method is repayment by card, with an interest-free period of 25 days and a grace period of 2 natural days.

3. Bank of China:

The repayment method is by card, with an interest-free period of 20 days and a grace period of 2 natural days, including 9 natural days for platinum card.

4. China Construction Bank:

The repayment method is card repayment, with an interest-free period of 20 days and a grace period of 5 natural days.

5. China Merchants Bank:

The repayment method is household repayment, with interest-free period of 18 days and grace period of 3 natural days.

6. Bank of Communications:

The repayment method is credit card repayment, with an interest-free period of 25 days and a grace period of 3 natural days.

7. CITIC Bank:

The repayment method is credit card repayment, with interest-free period of 19 days and grace period of 3 natural days.

8. Minsheng Bank:

The repayment method is household repayment with an interest-free period of 20 days and a grace period of 3 natural days.

9. Shanghai Pudong Development Bank:

The repayment method is credit card repayment, with an interest-free period of 20 days and a grace period of 3 natural days.

8. China Everbright Bank:

The repayment method is credit card repayment, with interest-free period of 19 days and grace period of 3 natural days.

10 Huaxia Bank:

The repayment method is household repayment with an interest-free period of 20 days and a grace period of 3 natural days.

After understanding the regulations of major banks on interest-free period, you can choose which credit card to use for consumption in a planned way, so as to enjoy the interest-free period of banks as much as possible.

How many days is the longest interest-free period of a credit card?

There will be an interest-free period after overdraft by credit card, which can last up to 60 days. However, after the implementation of the new 20 17 credit card policy, major banks can decide the interest-free period by themselves, which means that cardholders may get a longer interest-free period. Let me introduce the interest-free period of credit cards to you.

1. What is the interest-free period of the credit card?

Cardholders who have used credit cards know that after using credit cards to overdraw their consumption, the bank will not ask you to repay immediately, but will send you a bill on a fixed day and give you a final repayment date, asking you to repay before this final repayment deadline comes.

The period from the date of consumption to the date of final repayment is the interest-free period of the credit card.

2. How long is the interest-free period of the credit card?

The interest-free period of major banks is 18-60, and the length of time will depend on the specific time for cardholders to spend, which means that the longest interest-free period can only be 60 days.

However, the newly implemented new credit card regulations have abolished the stipulation that the maximum interest-free repayment period is 60 days, and major banks can set their own interest-free period, so that valuable customers can obtain higher interest-free credit card services through competition among banks.

However, it does not mean that each cardholder's interest-free repayment period is the same, and banks will make differentiated plans according to their credit status, repayment habits and personal preferences.

Third, how to obtain the longest interest-free period

If you want to get the longest interest-free period, the most important thing is your consumption date. If your consumption is before the current billing date, the interest-free period is relatively short. If it is after the billing date, you can get the longest interest-free period.

take for example

Suppose the billing date of Kayou Xiaowu Credit Card is the 6th, and the final repayment date is the 26th. If he spends money after June 6th, it will be included in the July bill, and he needs to repay it before July 26th, thus enjoying the longest interest-free period.

Reminder: Although cardholders may get an interest-free period longer than 60 days after the implementation of the new credit card policy, cardholders should spend rationally. If you can't repay the loan at maturity, you will not only have to pay high interest and late fees, but also affect your personal credit record once it is overdue. It will not be so smooth to apply for a loan or credit card in the future.

What does the interest-free line of online merchant bank mean?

The interest-free quota of online merchant banks is actually that users can get interest-free concessions by using some quotas. Users can exchange interest-free coupons after receiving the interest-free quota. For example, 10000 interest-free limit can be exchanged for 10000 interest-free day loan coupons.

In order to obtain the interest-free quota, users can check it on the personal welfare page of Alipay online business loan. If it is provided by the system, it will be displayed directly. It should be noted that the interest-free amount of online merchant loans is mainly obtained through loans. Generally, every morning around 10: 00, the system will issue an interest-free amount according to the loan amount used by the user the previous day, which will expire at 24: 00 that day.

In other words, if you are an online merchant to borrow money, you can go to the personal welfare interface to inquire about the interest-free quota the next day. Generally speaking, the more you borrow, the more you get. In loans overdue, the interest-free line is suspended until the overdue loan is paid off.

Because the interest-free line of online business loans is given after systematic evaluation, people can't intervene forcibly or apply actively. If the system does not provide it temporarily, users can only patiently accumulate good credit.

Interest-free quota of online merchant loans means that users can get interest-free concessions by using part of the quota. For example, if the user has an interest-free coupon of 10000 yuan, 1 day, the interest of 1 day can be reduced by borrowing 10000 yuan. In short, interest-free means interest reduction. The longer the interest-free period, the better for users, because it will reduce the borrowing cost. Only online merchant loans during the event will provide interest-free quotas. Generally speaking, the user's loan amount will bear interest on a daily basis, and there is no preferential interest reduction.

1. How to use the interest-free line for online business loans?

1. The interest-free line of online merchant loans is mainly used for interest-free exchange. After entering the online merchant loan, click My Welfare at the bottom to see the interest-free amount of the online merchant loan. Click Use and follow the prompts. After redeeming the interest-free coupon, the interest on the corresponding loan days can be reduced or exempted. Interest-free means interest reduction. The longer the interest-free period, the better for users, because it can reduce the borrowing cost.

2. When using the interest-free line, according to the loan demand, convert the interest-free line into interest-free coupons, such as 10000 yuan interest-free line, which can be converted into interest-free coupons of "borrowing 10000 yuan 1 day" or "borrowing 2000 yuan for 5 days". The maximum interest-free limit for each exchange is 30,000 yuan, and the minimum is 500 yuan.

3. Under normal circumstances, the loans in online business loans are calculated according to the number of days, and there is no preferential interest reduction. Only online merchant loans will provide interest-free quotas during the active period. Users can pay more attention to online merchant loan preferential activities in official website, and get interest-free coupons or interest-free quotas by participating in them in time.

2. How long can the interest-free line of Alipay online merchant loans last?

Alipay online commercial loans will provide interest-free lines from time to time, and the validity period of interest-free lines received by different customers and different maturities may be different, so the availability period is also different. One day interest-free, seven days interest-free, fifteen days interest-free and so on. For example, if there is an interest-free day, customers can apply for a loan after receiving the interest-free quota, which can only be used for one day. There is no interest on the day, only the principal needs to be repaid. But after a day, it will be invalid, and then interest will be charged as usual. (Loans applied for before receiving the interest-free quota will still receive interest, and will not be interest-free. Therefore, customers must use the interest-free quota in time after receiving it, so as not to use it after the expiration date.