Hello, if it is a credit card of China Merchants Bank, it will be repaid in three installments, that is, in three installments, and it will be repaid on the credit card repayment date. It is also understandable to repay after three months.
Credit card repayment is periodic. "Bookkeeping date" refers to the date when the card issuer collects the accumulated outstanding consumer transaction principal, cash withdrawal transaction principal, fees, etc. Calculate the interest and the amount payable by the cardholder. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and the credit card can be returned before 24: 00 at the latest). For example, the 5th of each month is the bookkeeping date, the 23rd of each month is the repayment date, and the consumption from the 5th of last month to the 4th of this month is repaid on the 23rd of this month.
What do you mean by three interest-free periods? How many days does it take for three cycles?
The third interest-free period refers to three periods within 90 days, once every 30 days. Interest-free means no interest to pay back. The third period is 90 days.
After zero-balance consumption of credit cards, the buffer period for customers to save money is the interest-free period, which generally means that customers will have this interest-free period after consumption. The longest interest-free period, as an explanation, if the bank stipulates the 25th of next month as the repayment period, then the longest interest-free repayment period is 56 days if you spend 1 this month. Consume on the 2nd of this month, and the repayment period is 55 days.
At present, the longest interest-free period is 56 days for Bank of Communications, Industrial and Commercial Bank of China and Agricultural Bank of China.
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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 according to his own needs, and then sets the latest repayment date according to the billing date, so the interest-free period is the date between the bank billing date and the latest repayment date.