The grace period for Minsheng credit card repayment is generally 3 days. The third day of the Minsheng Credit Card repayment grace period is the deadline for repayment before 17:00 on the same day; if the final repayment date for a Minsheng Bank Credit Card is the 6th of the month, then as long as the user completes the repayment before 17:00 on the 9th, It is considered to be repayment on time. If the repayment is made after 17:00, it is considered as overdue repayment. If the unpaid portion of the user's account does not exceed 10 yuan after the due repayment date, Minsheng Bank will regard the cardholder as repaying in full, and the unpaid amount of this portion will be automatically transferred to the next bill.

Cardholders should note that the grace period for Minsheng Bank credit card repayment ends at 17:00 on the third day. For example, if the final repayment date for Minsheng Bank credit card is the 9th of the month, then the user As long as the repayment is completed before 17 o'clock on the 12th, the bank will regard the repayment as on time. If the cardholder repays the card after 17 o'clock, it will be deemed as overdue repayment.

So cardholders should pay attention to the repayment date and repayment grace period, and do not cause overdue repayment, otherwise the overdue record will be uploaded to the central bank's credit system, which will affect the cardholder's personal credit. . Repayments within the credit card repayment grace period are not considered overdue and are still considered on-time repayments.

Normally, the repayment grace period of a credit card is the time-tolerance service provided by the credit card. In addition to the time-tolerance service, the credit card also has a tolerance service. The so-called credit card tolerance service means that when repaying a credit card bill, if the repayment is 10 yuan less, Minsheng Bank will still regard it as full repayment, and the 10 yuan underpayment will be included in the next bill. , then just pay off the 10 yuan together.

Different banks have different regulations on credit card repayment grace periods. Some only need to repay before 24:00 on the last day of the repayment grace period, while others also stipulate a specific time point. Therefore, when repaying a credit card, you must understand these details clearly.

Legal Basis

The "China Bank Card Industry Self-Discipline Convention" stipulates that Minsheng Bank provides "time tolerance services" and "tolerance services" to cardholders. 2. If a Minsheng Bank credit card holder repays the loan within the three-day repayment grace period, Minsheng Bank will treat the cardholder as repaying the loan on time. If the cardholder repays the balance in full in the current period, and after the due repayment date, the unpaid portion of the account does not exceed 10 yuan, Minsheng Bank will also treat the cardholder as repaying in full, and the unpaid amount of this portion will be automatically Transfer to next bill.

Article 14 of the "China Payment and Clearing Association Bank Card Industry Self-Discipline Convention" Member units should strive to improve the quality of credit card services, provide cardholders with humanized card services, and advocate that all credit card issuers establish credit card Repay "Tolerance Service and Time Tolerance Service" or provide interest reduction and exemption preferential treatment for the part of the credit card overdraft that has been repaid during the interest-free repayment period:

(1) The member unit is the cardholder To provide "time-tolerant service", cardholders should be provided with a certain period of repayment grace period service. The repayment grace period shall be at least 3 days from the due date of repayment. When the cardholder repays within the repayment grace period, The cardholder shall be deemed to have repaid the loan on time.

(2) Member units provide "tolerance services" to cardholders. If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due repayment date is less than or equal to a certain If the amount is at least RMB 10 equivalent, it shall be deemed to have been repaid in full by the cardholder.

Notice of the "Credit Card Business Management Measures": Article 18 The maximum overdraft period of a credit card is 60 days. Article 19 Credit card overdraft interest will be calculated at a daily interest rate of 0.05% within 15 days from the date of signature or bank accounting, and a daily interest rate of 10% for more than 15 days. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, , calculated based on the daily interest rate of 15/10,000. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount. Article 20 The overdraft business of each card-issuing bank must be included in its credit scale for management. The overdraft amount is transferred to short-term loan accounting. Article 21 Malicious overdraft refers to the overdraft behavior of the cardholder for the purpose of illegal possession, exceeding the prescribed limit or prescribed period, and the collection by the card-issuing bank is invalid.

Article 22 The special unit shall not refuse to accept a valid credit card legally held by the cardholder and issued by the contracted bank for any reason, and shall not charge additional fees to the cardholder for using the credit card

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