China Bank Card Industry Self-discipline Convention requires its member companies to provide repayment grace period service, and the repayment grace period is at least 3 days from the due repayment date. If the cardholder can repay within the repayment grace period, it will be deemed as timely repayment.

In terms of "tolerance repayment", if the cardholder fails to repay in full in the current period, and the unpaid part in the account after the due repayment date is less than or equal to a certain amount (at least equivalent to 10 yuan), it will be regarded as full repayment, and the unpaid amount will be automatically transferred to the next bill.

"China Bank Card Industry Self-discipline Convention" clearly requires its member units to take various measures to ensure customers' right to know and choose the interest and charging standards of banking business. It is clearly stipulated that the bank can provide multiple billing days to choose from, and the repayment reminder should be made at least 3 days before the repayment date, which can be SMS, telephone, email, etc.

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According to the website of China Banking Association, China Bank Card Industry Self-discipline Convention 2065438+was officially published on February 7, 2003, and will be implemented on July 0, 2003. The revised Convention focuses on two aspects: strengthening information disclosure and establishing a time-tolerant repayment mechanism. This may end the controversial policy of full penalty interest on credit cards.

Due to the information asymmetry between cardholders and banks, cardholders often encounter "full penalty interest" without knowing it. During the Spring Festival last year, Mr. Zou, who worked in Haizhu District, Guangzhou, found that his bank card was deducted with interest of 100 yuan. After calling the customer service of the bank, I learned that I had been fined in full by the bank for missing the repayment date.

Phoenix. com-Credit card repayment grace period is at least 3 days.