Usually 1-3 days

If the credit card has a grace period, the grace period is usually 1-3 days. At this time, the user can be overdue for 1-3 days. The user needs to ensure that the credit card is overdue for 1-3 days. Pay off overdue debts within the grace period. There is no repayment grace period for credit cards, so the card cannot be overdue. As long as the payment is not successful on the repayment date, the bank will regard the user as overdue. After the credit card expires, overdue records will be uploaded to the credit report.

Therefore, users need to first understand whether their credit card has a grace period for repayment. If there is no grace period, please pay attention to repay on time on the repayment date.

If it is a China Merchants Bank credit card, there is a 3-day grace period for credit card repayment (including E installment) (no application is required). Delaying the minimum repayment within three days starting from the repayment date will not affect your credit record. For example: if the last repayment date is the 5th, and the repayment is postponed for 3 days until 24:00 on the 8th of the month, it is considered normal repayment. Overdue repayment for more than three days will result in penalty fees and interest, and will affect your personal credit and subsequent loan applications. It is recommended that you repay the money to your credit card as soon as possible.

Warm Tips

1. Failure to pay off the minimum payment of the current bill within the due payment date (including the 3-day grace period) is considered overdue.

2. If the card has been suspended and needs to be restored, please call the credit card center customer service phone for consultation.

3. To repay the China Merchants Bank credit card through transfer from other banks, it is recommended to handle it 1-2 days in advance, and pay attention to the timeliness of the account.

4. There will be no fees for full repayment, and interest fees will be incurred for the minimum repayment.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , deposit and withdrawal of cash and other full or partial functions of electronic payment cards [1-2]. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).