The longest interest-free period of China Merchants Bank Credit Card can reach 50 days, and the shortest is 18 days. Interest-free period is a right of cardholders. After spending by credit card, you can enjoy interest-free as long as you repay on the repayment date stipulated by the bank. If they repay the loan beyond the date stipulated by the bank, they will charge interest, which will also have an impact on personal credit.
When enjoying the interest-free period of credit card, we must pay attention to two dates, namely billing date and repayment date; The bookkeeping date can be simply understood as the summary of last month's consumption; The repayment date is the date when the bank requires repayment; You can enjoy the longest interest-free period by swiping your card on the second day of the billing date. You can pay attention to this when you swipe your card. It is best to arrange your daily shopping after the billing date.
When you use a credit card, you'd better repay it on time. If the repayment cannot be made in time, the bank will have a grace period of about 3 days for the cardholder to repay. Different banks have different rules. Note: ICBC credit card has no grace period and must be repaid after it expires; If you can't repay the loan within the grace period, you can consider the installment of the bill at this time, and a certain handling fee will be charged at this time.
The consequences of overdue repayment of credit cards are very serious. First, there will be a penalty interest. Secondly, overdue records will be uploaded to credit information, and bad credit information records will be kept for 5 years. Banks that apply for loans later will refuse loans, so in order not to affect their subsequent lives, they must repay on time.
Many people like the mode of credit card spending first and then paying back, but many people can't control their desire to spend, which leads to the failure to pay back in time after spending, and finally brings them a lot of trouble. Here, I suggest that you must exercise restraint and spend rationally when using credit cards.
2. How long is the interest-free period of China Merchants Bank's credit card?
The interest-free period of China Merchants Bank credit card is between 20 and 50 days.
The consumption of China Merchants Bank credit card on the billing date will be included in the next bill, so the consumption on the billing date can enjoy the longest interest-free period, and the consumption on the day before the billing date can enjoy the shortest interest-free period.
China Merchants Bank credit card has several billing days, namely: 2nd, 3rd, 5th, 6th, 7th, 8th, 9th, 10, 12, 14, 15, 16, 60. The repayment date of China Merchants Bank's credit card is 18 days after the bill date. If your bill date is the 2nd, then the final repayment date is the 20th.
Third, China Merchants Bank credit card, how to skillfully use the interest-free period?
If you use China Merchants Bank's credit card, you can enjoy the interest-free period. Interest-free period means that you don't have to pay any interest if you pay off all the consumption money before the final repayment date. The interest-free repayment period is 20 days to 50 days, depending on the specific time of your consumption.
If your consumption is before the current bill date, it will be included in the current bill; You can enjoy a longer interest-free period if you include it in the next bill after the bill date.
For example, the billing date is 10, the repayment date is 28th, the credit card consumption is 1 1.9, the billing date is1.00, and the repayment date is1.1.
4. How many days is the interest-free period of China Merchants Bank credit card?
First of all, remember the date of your credit card bill, which is fixed every month.
The consumption on the billing date is regarded as the shortest interest-free period included in the current bill;
Remember: No matter what day the billing date is, you can enjoy the longest interest-free repayment period as long as you spend on the day after the billing date.