Because the consumption is made on the day after the bill date, the transaction is not included in the current bill, but included in the next bill. After the sunrise bill next month, it can be paid off before the repayment date next month (including). In this way, there can be an interval of more than one month from the date of consumption entry to the date of repayment.
For example, if the billing date of a customer's credit card is 5th of each month and the repayment date is 25th of each month, it is agreed that swiping the card on the billing date will be included in the current bill and swiping the card on the next day will be included in the next bill, then a transaction of the customer on September 6th will be billed again on June 5th 10, and the customer can pay it off before June 25th (inclusive). There are 50 days from September 6th to1October 25th. 10.
The so-called interest-free period refers to the buffer period for customers to save money after the credit card balance is zero (or the balance in the card is less than the commodity price), which generally means that customers will have this interest-free period after spending. The longest interest-free period, as an explanation, if the bank stipulates the 25th of next month as the repayment period, then 1, so the longest interest-free repayment period is 56 days; Consumed on the 2nd, and the repayment period is 55 days. The longest interest-free period for most banks such as Bank of Communications, Industrial and Commercial Bank of China and Agricultural Bank is 56 days.
There are generally two kinds of interest-free period settings. One is that the bank clearly stipulates that one day of each month is the deadline for interest-free repayment, and the interest-free period is the date between the bank's bookkeeping date and the deadline. Both ICBC and ABC adopt this method; The other is that the cardholder chooses a billing date as needed, and then sets the latest repayment date according to the billing date, so the interest-free period is the date between the billing date and the latest repayment date of the bank, such as CCB and Minsheng Bank (6000 16, stock bar).
For example, if Ms. Ding's monthly billing date is 1 and the repayment date is the 25th of each month, if Ms. Ding spends 5,000 yuan on the second day of the August billing date, that is, August 2nd, and the new billing date of the bank starts from the second day, that is, August 2nd, then this consumption will definitely not be paid on the bill of 1, then Ms. Ding will be in August. However, if Ms. Ding swiped her card for 5,000 yuan on July 3 1, then this consumption record will be on the bill on August 1 sunrise, and will be returned on August 25th at the latest, but she swiped her card 1 day in advance, and the interest-free period is only 25 days.