Interest-free period is the privilege of credit card consumption, that is, the buffer period for customers to save money after the credit card balance is zero (or the balance in the card is less than the commodity price), which generally means that customers will have this interest-free period after consumption. The interest-free period is generally about 20 days, that is, a period of time between the bank bookkeeping date and the repayment date. The longest interest-free period, if the bank stipulates that the 25th of next month is the repayment period, it will be 1 this month, so the longest interest-free repayment period is 56 days; 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.
Tips: Credit card withdrawal will not have an interest-free period in any case, and you must repay it on time every month. Once overdue, interest will be charged. You need to be cautious when using credit cards to withdraw cash.