If it is a China Merchants Bank credit card, the credit card (including E installment) has a 3-day repayment grace period every month, and there is no need to apply.

Paying off the bill or the minimum payment amount within 3 days of the due date will not affect your credit record.

Warm reminder

Example: The last repayment date is the 5th, and if the repayment is postponed until 24:00 on the 8th of the month, it is considered a normal repayment.

If the minimum payment is not paid within 3 days after the repayment date, it is considered overdue. Overdue payment 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.

(Response time: February 8, 2021. For the latest business changes, please refer to the official website of China Merchants Bank.)