Credit cards can be repaid before the due date.

For non-cash transactions with credit cards, the interest-free period is the period from the bank accounting date to the due date of repayment. The interest-free repayment period regulations of each bank are different. The longest repayment period is from the day after the statement date to the repayment date of the next month, and the shortest period is from the statement date to the final repayment date. During the period before the repayment period, you can pay off the debt at any time.

What is a credit card?

A credit note issued by a commercial bank for consumers to purchase goods and pay expenses. Consumers can withdraw cash, purchase goods, etc. by signing the card at designated banks, stores, etc., and can overdraft small amounts of cash.

Credit cards are actually a combination of credit cards and quasi-credit cards. Cardholders can consume within the credit limit first and repay later. A quasi-credit card means that you first deposit a certain amount as a reserve fund, and then when the reserve fund is insufficient, you can make overdraft consumption according to the amount specified by the bank.

If the credit card limit is not enough, you can adjust it. There are permanent adjustment and temporary limit adjustment. After using the card for 3 months, the cardholder can apply for an increase in credit. After overdraft consumption, you must repay. Repayment includes signing an automatic repayment agreement, online banking repayment, mobile banking repayment, ATM machine repayment, etc. If you repay the entire amount payable before the repayment due date (inclusive), you do not need to pay interest. If you cannot repay the minimum repayment amount before the repayment due date (inclusive), overdraft interest will be charged based on the interest calculation method of 0.5%. , a late payment fee of 5% of the unpaid portion of the minimum repayment amount will be paid.

In addition to consumption repayment, credit cards can also be used for installments. After meeting the installment amount specified by the bank, you can apply for installments, including bill installments, consumption installments, car installments, house purchase installments, etc.

In addition, there are points when you use a credit card, and the points can be used to redeem goods. There is also an annual fee for using a credit card. The specific charging standards vary from bank to bank.

Credit cards are not allowed to be used by others, and credit cards are not allowed to be used to withdraw cash. If your credit card is lost or stolen, report the loss immediately to the card-issuing bank. After the credit card expires, the bank will actively renew the card. If you no longer want to use it, you can apply to cancel the credit card.