This policy is suitable for users who want to pay large consumption by installments, and it is a means of financial promotion. Credit card companies usually decide whether to offer such discounts based on users' credit records and credit card usage records.
The specific operation method may vary from bank to product, but the basic principle is that if you use this credit card when purchasing specific goods or services, the bank will provide an interest-free repayment period of up to 60 months. This means that you can pay in installments within 60 months without paying extra interest.
However, although this policy sounds attractive, there are usually some restrictions and conditions. For example, only certain goods or services can enjoy this discount, or you may have to pay a certain handling fee. In addition, if you can't complete the repayment within 60 months, you may face high late fees and interest.
Therefore, although the credit card interest-free 60-month repayment policy seems to provide a good opportunity to disperse the pressure of large-scale consumption, consumers should carefully read and understand all the terms when deciding whether to use the policy to ensure that they can make full use of this discount and avoid possible traps.