According to the China Convention on Self-discipline of Bank Card Industry, banks should provide timely repayment services for their credit cards. Postal Bank offers its credit card holders a 4-day grace period for repayment, but some friends don't know how to calculate this, so how to calculate the 4-day grace period for postal credit cards? Let's get to know it together!

how to calculate the postal credit card grace period of 4 days?

the postal credit card provides a four-day grace period, that is, the repayment before 17: pm on the fourth day after the repayment date is regarded as timely repayment, which will not generate additional interest charges and will not affect personal credit. Assuming that the repayment date is the 2nd of each month (please refer to the actual repayment date), the cardholder can pay off the bill before 17: at the latest on the 6th of that month. Repayment beyond the grace period will be reported to the central bank for credit investigation.

if the loan has not been paid off before 17: or the minimum repayment is selected, the overdue record will be uploaded to the credit information system. In addition to affecting personal credit, cardholders also need to pay late fees and overdue interest. The collection standard of late payment fee is 5% of the unpaid part of the minimum repayment amount, and the overdue interest is calculated at the daily interest rate of .5% until the cardholder pays off the arrears.

(Pictured from China Postal Savings Bank WeChat WeChat official account)

In order to ensure that the repayment amount is recorded before 17: pm on the fourth day, it is suggested that the credit card holders of Postal Savings Bank adopt the repayment methods provided by the Bank, such as online bank transfer repayment, mobile bank transfer repayment and cash repayment at the counter of the Bank's business outlets.

that's the answer to how to calculate the four-day grace period for postal credit cards. I hope it will help you.