How to calculate the interest-free repayment period of China Bank credit card?
The first thing to know is that the so-called interest-free period of credit cards by banks generally refers to the longest interest-free period, not that any consumption can be used. Interest-free repayment period is the interest-free treatment given by the bank to cardholders who fully repay non-cash transactions, and its period is from the bank bookkeeping date to the due repayment date.
The interest-free repayment period of Guangfa Bank's credit card is from the billing date to the repayment date, and customers who spend one day after the billing date can enjoy the longest interest-free period. The longest interest-free repayment period of credit card is 50/56 days and the shortest is 20/26 days. For example, take the fifth day of the billing date of Guangfa Credit Card as an example. If Xiao Ming spends money on May 6th and bills on June 5th, and the last day is June 25th, then he can enjoy a 50-day interest-free period. If Xiao Ming spends money on August 5th, which is the bookkeeping date and the last day is the repayment date, then he can enjoy a 20-day interest-free period. Therefore, the length of the interest-free period is closely related to the cardholder's credit card swiping time.
How to calculate the interest-free repayment period of China Bank credit card?
In addition, it is worth noting that the interest-free repayment period of different types of credit cards of Guangfa Bank is also different. The interest-free repayment periods of the standard card, hope card and QQ card of Guangfa Bank are 26 days and 56 days respectively, and the interest-free repayment periods of other credit cards are 20 days and 50 days respectively. However, although the longest interest-free period of CGB's credit cards is 50/56 days, cardholders still need to spend rationally. If you can't repay it at maturity, you will not only have to pay high interest and late fees, but also be overdue.