The interest-free repayment period of China Construction Bank's credit card refers to the date from the bank entry date to the due repayment date. During this period, the cardholder can enjoy interest-free repayment treatment for all credit card consumption transactions in the current period as long as he pays off the amount payable on the current statement in full.
how long is the interest-free repayment period of CCB's credit card?
1. The interest-free repayment period of CCB's credit card is from the bank entry date to the due repayment date. The longest interest-free period is 5 days, and the shortest is 2 days. You can enjoy the longest interest-free period on different credit card consumption days, and you can enjoy the longest interest-free period on the day after the bill.
2. The due repayment date of CCB's credit card is generally 2 days after the bill date.
Calculation example:
Assuming that Mr. Li's billing date is the 7th day of each month, the due repayment date is the 27th day of each month.
If Mr. Li accounts for a consumption item on April 8, the due repayment date is 2 days after the billing date (May 7), and the interest-free period of this consumption is 5 days
(4/8-5/27);
if Mr. Li recorded a consumption item on April 18th, the due repayment date is 2 days after the billing date (May 7th), and the interest-free period of this consumption is 4
days (April 18th-May 27th);
if Mr. Li makes a consumption on may 7th and records it on the same day, the due repayment date is 2 days after the bill date, and the interest-free period of this consumption is 2 days (5/7-5/27).
III. Relevant rules of interest-free repayment period of CCB's credit card:
1. CCB's credit card overdraft withdrawal does not enjoy interest-free discount;
2. If all the arrears are not repaid before the due repayment date (inclusive), all the repayable funds (including the repaid part) will not be enjoyed. Since the bank bookkeeping date
, the overdraft interest will be calculated at the rate of .5 ‰ per day, and the compound interest will be calculated on a monthly basis.
that's all. I hope it will help you.