Take China Merchants Bank as an example. Credit cards have an annual fee, but no interest. The annual fee of China Merchants Bank's credit card is RMB 0/00 for ordinary card and RMB 0/00 for gold card 300 yuan, and the annual fee is charged once a year. At present, our bank has launched an annual fee concession activity. During the whole year of validity of your card (an unnatural year from the date of issuance), you can spend six times on a single card (except mini card, fashion card, business card, platinum card and unlimited card), and China Merchants Bank can collect the annual fee for you in advance for the next year.

Credit card spending can enjoy interest-free period. Interest-free period means that you don't have to pay any interest if you pay off all the consumption money before the final repayment date. The minimum repayment amount of a credit card is the minimum amount that you must repay before the monthly repayment due date stipulated by the bank. You can not repay in full, but the repayment amount of each installment must be greater than the minimum repayment amount, which is the basic repayment requirement for you to maintain a good credit record. If you can't enjoy the interest-free repayment period if you choose the minimum repayment amount, you will be charged interest on all the consumption in the current period from the bookkeeping date (usually the second day after consumption), with a daily interest rate of 0.5 ‰ until it is fully paid off. If all the payable amount of this period is paid off before the due repayment date, you can enjoy the interest-free period of consumption. You can choose the repayment method according to the specific situation. Minimum repayment amount = 10% advance cash principal+10% non-advance cash transaction principal+100% expense+100% interest+100% excess consumption+100.

1. How many days is the grace period for credit card repayment of China Merchants Bank?

The grace period for credit card repayment of China Merchants Bank is 3 days after the repayment date, and users need to complete the repayment before 24: 00 pm on the third day of the grace period. If the repayment exceeds this time point, or the funds have not arrived at this time point, then China Merchants Bank will regard the repayment as overdue. Overdue repayment will produce overdue records and overdue interest, and have a negative impact on personal credit information.