There is no harm in Taobao’s twelve interest-free installments. It means that the things you buy can be paid in twelve installments without charging interest. You must repay the current installment before the monthly payment due date. The payment amount is sufficient. Of course, the premise is that this product supports installments. For example, the price of buying a mobile phone is 3,600, and it can be divided into twelve interest-free installments. The monthly payment is 300, and there will be no other interest. This is still beneficial and will not take up too much of your own funds. In general, it is cost-effective to buy a mobile phone with 12 interest-free periods.

1: Interest-free installment payment means that banks cooperate with merchants to provide certain products or services to credit card holders. The bank first pays the full amount of the product purchased by the card holder in one go. Merchant. The cardholder then uses the credit card to repay the bank in installments. As long as the current installment amount is repaid at the maturity of each month, there is no need to pay interest.

Two: 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 refers to the buffer period for customers to save money after consumption. This 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.

Three: There are generally two types of interest 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 period between the bank accounting date and the deadline. date, both ICBC and Agricultural Bank of China use this method; the other method is for the cardholder to select 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 accounting date to the latest date. The date between late repayment dates, such as China Construction Bank and Minsheng Bank (600016, stock bar).

Four: 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.