Paragraph 1: What does the credit card interest-free period mean?

The interest-free period of a credit card means that the cardholder does not need to pay interest for a certain period of time after shopping or cash withdrawal. This interest-free period usually begins in the first billing cycle after shopping or cash withdrawal, and the duration generally ranges from 2 to 5 days, depending on the policies of different banks. During the interest-free period, if the cardholder repays in full, he can avoid paying any interest, which is one of the reasons for the popularity of credit cards.

Paragraph 2: How to use the interest-free period of credit cards?

Cardholders can use the interest-free period of credit cards to repay large expenses in installments, such as travel, home and medical expenses. Payment by installments during the interest-free period does not need to pay any interest, which relieves the short-term wallet pressure. In addition, if the cardholder can't repay in full within the interest-free period, he only needs to pay the minimum repayment amount, but it is recommended to avoid the minimum repayment amount as much as possible, because it will increase the repayment pressure and interest expenses in the future.

Paragraph 3: How to improve the interest-free period of credit cards?

In order to obtain a longer interest-free period, cardholders can achieve their goal by improving their credit rating. It is recommended to repay in full on a regular basis and maintain a good credit record; In addition, reducing the occupancy rate of credit card limit can also improve the credit rating, with the goal of maintaining the occupancy rate of no more than 3%. In addition, it is necessary to enhance their repayment ability and credit awareness and maintain a good credit record, so that banks will be more willing to give higher credit lines and longer interest-free periods.