The interest-free repayment period is from the billing date to the due repayment date. The longest interest-free period of Bank of Communications credit card is 56 days and the shortest is 25 days. The interest-free period is different on different credit card dates, and the longest interest-free period can be enjoyed on the day after the bill.
Calculation method of interest-free repayment period of bank of communications credit card;
For example, if your billing date is 10 every month, then the 25th day after the billing date is the due repayment date. If you spend on May 10, your billing date is May 25th, and the interest-free period is only 25 days (May10-May 25th). If you spend in July 1 1, the bill will be paid in August 10. Your final repayment date is September 5th, and the interest-free period is 56 days (July11-September 5th).
Extended data:
Bank of Communications Credit Card is a credit brand product jointly launched by Bank of Communications and HSBC. Its user orientation is "a group of people who have ideals and pursuits for life and career, know how to enjoy, are more willing to struggle, and sometimes have the needs of studying abroad, doing business, studying abroad or traveling abroad."
References:
Bank of Communications Credit Card _ Baidu Encyclopedia
The longest interest-free period of a credit card is 56 days. How is it calculated?
Many users want to enjoy the interest-free period of up to 56 days when using credit cards. So how is this time calculated? In fact, this time point is the billing date. Generally, you can enjoy the longest interest-free period by swiping your card the day after the billing date. However, the accounting rules for single-day consumption are different from those stipulated by different banks. It's best to consult the bank to determine which period of the bill this day's consumption record is in.
If the bank stipulates that the consumption on the billing date is included in the current bill, then the consumption on the billing date can enjoy the shortest interest-free period and must be returned on the repayment date after the billing date; If the consumption on the billing date is not included in the current bill, it will be included in the next bill, and you can enjoy the longest interest-free period at this time.
Users should return their credit cards on time after daily consumption, and there should be no overdue, because there will be penalty interest after overdue, and the longer the time, the more penalty interest. And after the credit card is overdue, the bank will collect it. The common collection method is to call the cardholder, and then the credit card will not be frozen for a long time.
It is worth noting that the overdue daily repayment of credit cards will be uploaded to the credit information center, which will lead to the deterioration of personal credit information and affect the subsequent re-application of various loans. At the same time, the arrears will remain in the credit information for 5 years after repayment, and will disappear automatically after 5 years. No, it will always be recorded in the credit report.
If the credit card can't be repaid on time, you can use installment repayment or minimum repayment amount, which can reduce the monthly repayment amount and avoid overdue. Moreover, it is necessary to meet the minimum consumption quota stipulated by the bank when handling the installment, and it can be returned in advance after handling the installment, saving the handling fee.
In order to prevent the credit card from being returned on time after use, users had better think about what kind of income to return in advance when using it. If your personal income is relatively high, you can use your credit card at this time. If your personal income is relatively small, you should use your credit card carefully at this time to avoid the situation that you can't return it on time in the future.
Credit card "56 days interest-free" means that it can be returned within 56 days after swiping the card?
Yes, the longest interest-free period is 56 days.
The interest-free period of credit cards ranges from 25 days to 56 days. Take credit cards as an example. The billing date is the 4th day of each month, and the repayment date is the 25th day after the billing date, that is, the 29th day of each month (1 in March if there is no 29th day in February). ) that is to say:
From September 5th to June 4th 10, the bill will be paid on June 4th 10, and the repayment can be made before June 29th.
10.5- 1 1.4 will be billed on 1 1.4 and can be repaid before 1 1.29.
Therefore, if you swipe your card on the day of the bill, the interest-free period is the shortest, only 25 days (1October 4, 65438+1October 29), and if you swipe your card after the bill, the interest-free period is the longest, only 56 days (1October 5, 65438+/kloc-
How to calculate the 56-day interest-free period of credit card?
The longest interest-free period varies from bank to bank. At present, the longest interest-free period of Bank of China, China Construction Bank, China Merchants Bank and other 10 card-issuing banks is 50 days, and Minsheng is 5 1 day. The longest interest-free period for four banks, such as ICBC and Agricultural Bank of China, is 56 days.
If you have a consumption on July 2nd, then this consumption has achieved the longest interest-free period: July 2nd to August 3rd 1 day 1 billing date +25 days from billing date1to repayment date 25th =56 days.
Extended data
For credit card non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. During this period, you don't need to pay any interest on non-cash transactions, provided that you pay off the current payable amount (total amount owed) on the current statement in full (you don't enjoy the interest-free discount on cash advance).
References:
Baidu Encyclopedia-Credit Card Interest-free Period
How to calculate the longest interest-free period of a credit card of 56 days?
The interest-free period of a credit card is from the consumption date to the final repayment date. Suppose the user has a consumption on July 2nd, and the billing date of the bank next month is 1, then the longest interest-free period of this consumption is 3 1 day from July 2nd to August 1, plus the billing date of August1to the repayment date on 25th.
1. What is the interest-free period of the credit card?
For non-cash transactions of credit cards, from the bank bookkeeping date to the repayment date, you don't have to pay any interest on non-cash transactions as long as you pay off all the current payable amount (total amount owed) on the current statement (cash borrowed in advance does not enjoy interest-free discount).
Two. Interest-free time of bank credit card
Interest-free repayment period (unit: days)
Industrial and Commercial Bank of China 25-56
Agricultural Bank of China 25-56
Bank of Communications 25-56
Bank of China 20-50
China Construction Bank 20-50
Postal savings bank 20-50
China CITIC Bank 20-50
China Merchants Bank 20-48
China Everbright Bank 20-50
Industrial Bank 20-50
Minsheng Bank 20-50
Ping An Bank 20-50
Huaxia bank 22-5 1
Rural commercial banks 25-56
Third, examples.
Suppose your bank's arrival date is 10 every month. Swipe your card once on May 9, and you must pay back the money within 20 or 25 days after May 10 (20 or 25 days depends on different banks, such as Bank of Communications, China Construction Bank and China CITIC Bank, the longest is 50 days).
Similarly, if you swipe your card in May 1 1, then from June 10, calculate how much money you swiped from May 10 to June 10, and within 20 or 25 days after June 10 (. You need to choose carefully according to your own economic conditions when using credit cards, and don't apply blindly.
The 56-day introduction of credit cards ends here.