The use of credit cards is nothing more than a reasonable use of interest-free period, and generally pay attention to repayment on time.

First, credit cards are generally consumed on the bill date, with the shortest interest-free period;

2. You can enjoy the longest interest-free period if you spend on the day after the bill date;

For example, the billing date of the Bank of Communications credit card is the 2nd of each month, and the repayment date is the 27th of each month, so if the bill is spent on or before July 2nd, then it will be repaid before July 27th, so the interest-free period enjoyed is the shortest.

If it is spent on July 3rd, it belongs to the bill on August 2nd, and should be repaid before August 27th, so you can enjoy the longest interest-free period.

Third, credit card repayment:

A, credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;

1. If it is paid off in full, no cost will be incurred;

2. For the minimum repayment amount, the daily interest shall be calculated at 0.05% from the consumption bookkeeping date;

B. If the repayment exceeds the grace period or the repayment amount is lower than the minimum repayment amount stipulated by the bank, it will be deemed as overdue, and the interest will be calculated at 0.05% per day from the bookkeeping date. In addition, a late fee of 5% of the unpaid minimum repayment amount will be charged on a monthly basis.