During the epidemic period, if your credit card balance is not paid due to the epidemic, or if your mortgage payment is not paid, you can defer the repayment. During the epidemic, credit card repayments can be deferred for approximately 3 to 6 months, depending on the time stipulated by the bank. ?1. Can credit card repayments be deferred during the epidemic? Credit card repayments during the epidemic can be deferred if conditions are met. Generally due to the epidemic, it can be delayed. Relevant policies clearly stipulate: For those who are hospitalized or quarantined due to infection with new pneumonia, those who need to be quarantined for epidemic prevention and control, and those who participate in epidemic prevention and control, if they fail to repay their loans in time due to the impact of the epidemic, the relevant overdue loans will be deemed to be overdue by the access institution. It is not necessary to submit overdue records, and those that have already been submitted will be adjusted. For individuals and companies that have temporarily lost their source of income due to the epidemic, they can submit their credit records according to the adjusted repayment arrangements. Financial institutions should give appropriate tilts in credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgages and credit cards, and reasonably extend the repayment period. Personal entrepreneurial guaranteed loans infected with the new coronavirus can be extended for one year and continue to enjoy financial discount support. Financial institutions must give priority to insurance claimants who are infected with the new type of pneumonia or damaged by the epidemic, appropriately expand the scope of liability, and compensate all claims. 2. Credit card repayments can be deferred for several days during the epidemic. Credit card repayments can be deferred for 3 to 6 months during the epidemic. The specific time is not unified. The regulations of each bank are different. The determination and processing should be negotiated. Generally, it can be extended until the epidemic. After the end of the period, many banks are currently accepting extension applications for loan repayments in the current month, and the deferment period is temporarily more than ten days to one month (depending on different bank policies). However, some banks can provide 3 to 6 months of deferred principal repayment arrangements for people in key epidemic areas who have temporarily lost their source of income. 3. What is the meaning of a credit card? Let me remind you that a credit card is a card issued by a bank that gives the cardholder a certain credit limit. The cardholder can consume within the credit limit and then repay. You can use this card to shop, consume, and deposit and withdraw cash from banks. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front. The card has a chip, magnetic stripe, and signature strip.