If the repayment is made within the interest-free period, no interest will be charged for this overdraft consumption.

Nowadays, credit cards have a certain interest-free period (generally the shortest is 20 days and the longest is 56 days), which means that after you make a purchase, as long as you repay the loan in time, your credit limit will be It will be restored to the original state and you can continue to consume without paying any interest.

Young card is a student card. Haha, take advantage of the interest-free period and save money as much as possible.

1. CMB YOUNG Card has a credit limit of 3,000 yuan and a cash withdrawal limit of 1,500 yuan

2. You can make card purchases up to 3,000 yuan without depositing funds in advance and have an overdraft of 1,500 yuan

< p>3. No interest will be charged for repayment before or on the repayment date specified by the bank after consumption

4. A 1% handling fee will be charged for each cash withdrawal, with a minimum of 10 yuan. The first cash withdrawal is waived every month. The handling fee for overdraft and cash withdrawal is calculated based on the daily interest rate of 5/10,000, and the interest is calculated and compounded monthly

5. If you cannot repay the full amount after consumption or cash withdrawal, you can repay the minimum payment amount, which is the amount payable in the current period. The interest charges of 10% of the amount and the related daily interest rate of 0.05% will not affect your personal credit record. It is best to pay attention to the minimum repayment amount as listed on each period's statement

6. The minimum repayment amount is: 10% of the current consumption amount + 10% of the current overdraft cash withdrawal + the outstanding amount of the previous month + this month’s interest and fees

7. Regardless of consumption or cash withdrawal requirements, hold a credit card On the last payment day of each month, you must repay no less than the minimum payment amount, otherwise you will be charged a late payment fee. Once you have a bad credit record, it will be difficult to apply for a credit card and loan at the bank in the future