Bank grace period list
China Construction Bank: If the repayment fails on the due repayment date and the funds are deposited into the credit card account before 16:00 on the third day after the due repayment date, it will still be regarded as normal repayment. If the agreed repayment method is adopted, please deposit the funds into the agreed repayment account before 7:00 am on the third day after the due repayment date, so as to make up the deduction. If there are no special circumstances, I suggest you repay the loan on time.
Postal savings bank: provide customers with 4-day repayment grace period service every month. For example, the final repayment date is 23rd of each month, and the full repayment will be made before 5pm on 27th of that month at the latest. The credit card account will not generate other interest charges and will not affect your credit information (except for cash withdrawal).
CITIC Bank: Time-tolerant service refers to the grace period service provided by cardholders within a certain period of time. Under the normal condition of credit card, if it cannot be repaid in time, it will automatically provide the cardholder with a three-day delay service and repay the bill to the corresponding credit card in real time before 20:00 on the third day. Time-sensitive service does not need to apply, does not need additional fees, and does not affect credit history (except special cards).
Industrial Bank: Credit cards have a grace period of 3 days (natural days) after the final repayment date, and no additional application is required. Repayment within the grace period is regarded as timely repayment, and there will be no overdue. During this period, there is no penalty interest for full repayment; If only the minimum repayment amount is paid, no penalty will be charged, but interest will be charged.
Industrial and Commercial Bank of China: Enjoy a three-day repayment period every month, that is, pay in full before 24: 00 pm (due repayment date +3 days) without interest.
China Merchants Bank: We provide you with a 3-day grace period for repayment every month, and you don't need to apply. For example, if the final repayment date is the 5th of each month, the minimum repayment amount of the current bill will be enough before 24: 00 pm on the 8th of that month at the latest, which will be regarded as normal repayment and will not affect the repayment record of the current period, but will generate interest. Pay off the current bill at the latest before 24: 00 pm on the 8th of the current month, and no additional expenses will be incurred (except cash withdrawal).
Is there any interest before the last repayment date of the credit card?
There is no interest. All credit cards have an interest-free period. However, if the credit card bill is not repaid in full and on time, it will generate interest. Interest will be calculated on a case-by-case basis according to each consumption in the bill, starting from the consumption bookkeeping date (usually the second day of the consumption date) and calculated at 0.05% per day until the transaction is paid off.
Paying off the current bill within the repayment grace period is considered as timely repayment, which means that the cardholder can get a buffer period of several days every month. After all, there will be interest and penalty interest after the credit card is overdue, and it will affect personal credit information.