The longest interest-free period for Bank of Communications credit cards is 56 days, and the shortest interest-free period is 25 days. The actual number of interest-free days that cardholders can enjoy is based on the number of days between the consumption date and the repayment date.

Assume that the statement date of the Bank of Communications credit card you hold is the 20th of each month, the repayment date is the 15th of the following month, and you spend 1,000 yuan on May 15th, then you can enjoy 30 days of credit for this consumption. Interest-free treatment, if you repay in full on June 15th, you will not need to bear any fees.

The so-called interest-free period is the buffer period for customers to save money after the credit card has a zero balance (or the balance in the card is less than the price of the product). Generally, it means that the customer will have this kind of interest after consumption. Interest-free period. As an explanation of the longest interest-free period, if the bank stipulates that the 25th of the next month is the repayment period, if you consume on the 1st, the longest interest-free repayment period is 56 days; if you consume on the 2nd, the repayment period for 55 days. The longest interest-free period is 56 days for most banks such as Bank of Communications, Industrial and Commercial Bank of China, and Agricultural Bank of China.

There are generally two types of interest-free period settings. One is that the bank clearly stipulates a certain day of each month as the interest-free repayment deadline. The interest-free period is the date between the bank accounting date and the deadline. , both ICBC and Agricultural Bank of China use this method; the other method is for the cardholder to choose a billing date according to needs, and then set the latest repayment date based on the billing date, then the interest-free period is from the bank's accounting date to the latest The date between the repayment dates, such as China Construction Bank and Minsheng Bank (600016, stock bar).

For example, if Ms. Ding’s bill date is the 1st of each month, and the repayment date is the 25th of each month, if Ms. Ding pays the bill on the second day of the August bill date, which is August 2 She spent 5,000 yuan on one day, and the bank’s new accounting date starts from the next day, August 2. Therefore, this consumption will definitely not be included in the bill on the first day, so Ms. Ding’s consumption on August 2 is the most significant. It may be that the bill issued on September 1st can be paid off on September 25th at the latest, so that there will be an interest-free period of more than 50 days; but if Ms. Ding purchases 5,000 yuan on July 31st, then the consumption record will be The bill will be issued on August 1st, and it must be paid by August 25th at the latest. However, it was paid one day early, and the interest-free period is only 25 days.

So, cardholders can enjoy the longest interest-free period granted by the bank if they make purchases on the statement date or a few days after.

In addition, the maximum interest-free period regulations of various banks are also different. The longest interest-free period for 10 card-issuing banks including Bank of China, China Construction Bank and China Merchants Bank is 50 days, Minsheng is 51 days, and the longest interest-free period for 4 banks including ICBC and Agricultural Bank of China is 56 days. Some banks have different maximum interest-free periods due to different types of credit cards. For example, the Bank of China Platinum Card launched by Bank of China has a maximum interest-free period of 59 days, while other card types have a maximum interest-free period of 50 days. Therefore, cardholders can better arrange funds by understanding the interest-free period of credit cards and calculating the consumption time.