once the credit card repayment date is missed, China merchants bank provides a grace period for repayment, usually 3 days. If the repayment is completed within these three days, even if it is forgotten, it is not overdue. This is an automatic service provided by the bank. However, if the repayment is not made in full after the grace period, even if the amount is lower than the minimum repayment amount, the bank will consider it overdue, collect liquidated damages and interest, and may report this record to the credit information system, which will have a negative impact on your credit score.

China Merchants Bank's credit card bill provides the option of repayment in installments, such as the installment of the bill, which can be up to 95% of the consumption amount. The down payment and handling fee will be added to the next bill. Installment repayment can be operated in many ways: first, online banking, select the bill installment function after logging in, and enter the amount and number of installments to apply; Second, dial 4-82-5555 through the customer service phone to select the corresponding installment service; Third, mobile phone short message application, sending a short message in a specified format to a specified number, and the system will immediately process and reply the application result.

generally speaking, it is very important to grasp the grace period of repayment, so as to avoid extra expenses and credit risks caused by overdue. At the same time, understanding and rational use of the bill installment function can better manage credit card finance.