Credit loan line
According to your application, the issuing bank will approve a certain overdraft limit for your credit card, within which you can sign and withdraw cash. The cardholder of the secondary card can share the total credit line with the cardholder of the primary card, or the cardholder of the primary card can set a certain percentage of the credit line of the primary card for the secondary card, which is also shared by RMB and USD accounts.
● Billing date
The issuing bank regularly collects and settles the current transactions and expenses of the cardholder's credit card account every month, calculates the interest and calculates the date of repayment of the cardholder in the current period.
● Due repayment date
The latest date stipulated by the issuing bank that the cardholder should repay all the payable or minimum repayment amount, and the current repayment date of our bank is the 20th day after the bill date.
● Interest-free repayment period
For consumer transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. Example: Miss Zhang's consumption in August 19 was settled on the bill of September 18. On the last repayment date 10, she enjoyed a maximum interest-free period of 50 days (August 20091September-June 10 8). If she spends on August 18, that is, the billing date, and pays in full on the last repayment date on September 7, she will enjoy the shortest interest-free period of 20 days. In case of any change, the latest banking regulations shall prevail.
● Minimum repayment amount
The minimum amount that the cardholder should repay in the current period stipulated by the issuing bank is the sum of the following amounts: 5% of accumulated unpaid consumption and 5% of cash advance within the credit line, all consumption and cash advance exceeding the credit line, 100% of the amount payable in each period, all unpaid minimum amounts in the previous period, and all expenses and interests in this period. In case of any change, the latest banking regulations shall prevail.