Is there a three-day grace period for Bank of Ningbo credit cards?
According to Article 14 of the China Bank Card Industry Self-discipline Convention, Bank of Ningbo provides the bank's credit card holders with a three-day grace period, and the repayment recorded before 2 1:00 pm on the third day after the repayment date is regarded as timely repayment. Repayments beyond the grace period will be reported to the central bank for credit information.
(Image from Bank of Ningbo WeChat official account official)
In order to ensure that the repayment amount is recorded before 2 1: 00 on the third day, it is suggested that Ningbo credit card holders adopt the repayment methods provided by Bank of Ningbo, such as online bank transfer repayment, ATM card transfer repayment, cash repayment at the counter of our business outlets, and mobile bank transfer repayment.
The above is the answer to the question whether there is a three-day grace period for Bank of Ningbo credit cards. Bank of Ningbo provides time-limited service for credit card users, and sets a three-day grace period for credit card repayment period. Moreover, this service is provided automatically by the system and no application is required. The system will automatically identify the repayment period of the customer. If the customer repays the loan within 3 natural days after the due repayment date, the penalty interest can be exempted.
Related extensions:
Article 14 of China Bank Card Industry Self-discipline Convention: When providing tolerance service for cardholders, member units shall provide cardholders with a certain period of repayment grace period, which shall be at least 3 days from the due repayment date. If the cardholder repays within the repayment grace period, it is deemed that the cardholder repays on time.
Note: The above terms are not mandatory.