How can a credit card have an interest-free period?

5-day interest-free credit card rule

Credit cards offer interest-free treatment, which generally ranges from 2 days to 5 days. In order to enjoy the interest-free period, the customer needs to pay off the bill in full before the due repayment date (inclusive) after spending by credit card. As for how long you can enjoy the interest-free period, it mainly depends on the time when customers spend their credit cards. For example, if you want to enjoy a long interest-free period of 5 days, you usually need to spend a few days after the bill date.

because the consumption is made on the day after the billing date, the transaction is not included in the current bill, but included in the next bill. After the bill is issued on the billing date of next month, it will be enough to pay it off before the repayment date of next month (inclusive). In this way, there can be an interval of more than one month from the time when consumption is recorded to the repayment date.

for example, if the billing date of a customer's credit card is the 5th of each month and the repayment date is the 25th of each month, and it is stipulated that swiping the card on the billing date is included in the current bill, and swiping the card the next day is included in the next bill, then a transaction made by the customer on September 6th will be billed again on October 5th, and the customer can pay it off before October 25th (inclusive). There are 5 days from September 6th to October 25th.

the so-called interest-free period is the buffer period for customers to save money after the credit card has zero balance (or the balance in the card is less than the commodity price), which generally means that customers will have this interest-free period after consumption. The longest interest-free period, as an explanation, if the bank stipulates that the 25th of next month is the repayment period, then the longest interest-free repayment period is 56 days. Consumption on 2nd, repayment period is 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.

There are generally two kinds of interest-free period settings. One is that the bank clearly stipulates a certain day of each month as the deadline for interest-free repayment, and the interest-free period is the date between the bank's bookkeeping date and the deadline, which is adopted by ICBC and Agricultural Bank of China. The other is that the cardholder chooses a billing date according to his own needs, and then sets the latest repayment date according to the billing date, so the interest-free period is the date between the bank billing date and the latest repayment date, such as CCB and Minsheng Bank (616, stock bar).

For example, if Ms. Ding's billing date is the 1st of each month and the repayment date is the 25th of each month, if Ms. Ding spent RMB 5, on the 2nd day of the billing date in August, and the bank's new billing date starts from the 2nd day of August, then this consumption will definitely not be paid on the 1st bill, so Ms. Ding's consumption on the 2nd of August is most likely to be paid on the 1st bill of September at the latest. However, if Ms. Ding swiped 5, yuan on July 31st, then this consumption record will be shown on the bill on August 1st, and it will be returned on August 25th at the latest, but it was swiped one day earlier, and the interest-free period is only 25 days.

how to get a 5-day interest-free period for credit cards

1. You can get the longest interest-free period by spending on the day after the credit card billing date.

2. Calculation method of interest-free period:

From the billing date of the current period to the repayment date of the current bill.

3. For example:

If your billing date is the 7th and the repayment date is the 25th, if you spend money in 1 yuan on the 7th of December, your spending on the 7th of December will appear on the bill on the 7th of January, and it can be repaid on the 25th of January at the latest, which means there is a 47-day interest-free period.

But if you swiped 1 yuan on December 6th, it will appear on the bill on December 7th, and it will be returned by December 25th at the latest. If you swiped it one day earlier, the interest-free period will only be 2 days.

4. Remarks:

1. Billing date: refers to the date when the card issuer regularly summarizes the cardholder's transaction payments and fees, calculates the interest and calculates the current repayment amount of the cardholder.

2. Repayment date: refers to the bank bookkeeping date when the cardholder repays the arrears to the card issuer. As agreed between the card issuer and the cardholder, the latest date for the cardholder of the credit card to return the current payable amount or the minimum repayment amount.

3. Interest-free repayment period: refers to the time period during which credit card overdraft transactions can enjoy interest-free treatment from the bank bookkeeping date to the due repayment date (inclusive), except cash withdrawal and transfer overdraft transactions.

how can I get a 56-day interest-free period by using the bank of communications credit card?

it's very simple: you can enjoy the longest interest-free period for consumption on the day after the billing date!

How to enjoy the longest 5-day interest-free period of CCB's credit card

The so-called longest 5-day interest-free period means that the money you spend by swiping the card on the same day can be used on the 5th day (inclusive). Generally, if you want to spend the longest time, it should be spent on the second day of the billing date, then this consumption can enjoy the longest interest-free period of 5 days. Please consult 95533 for details, but some banks stipulate the date of repayment. For example, ICBC is the 25th of each month, which has nothing to do with the bill.

from the credit card date to the repayment date, this period is an interest-free period.

different banks have different interest-free periods.

how to skillfully use the interest-free period of a credit card

It is more important to use a card with two dates, one is the account date and the other is the repayment date. For example, the account date is the 6th of each month and the repayment date is the 26th of each month. If you spend a sum on the 7th of this month, the final repayment date of this consumption will be the 26th of next month. If this month is 31 days, you will enjoy the longest interest-free period of 5 days.

If you spend money on the 5th of this month, you must repay it before the 26th of this month to enjoy the interest-free period, that is, the interest-free period is 21 days.

it can be seen that the repayment date after the first account date after the consumption date is the final repayment date.

therefore, the rule of interest-free period is that the closer the consumption is to the account date in the future, the longer the interest-free period, and vice versa.

how long is the interest-free period of the communication card?

The interest-free period of the Bank of Communications credit card is 25 days to 56 days.

The interest-free period mainly depends on the billing cycle and the consumption date.

How to apply for an interest-free period for credit card arrears

Different banks have different regulations on the use of credit cards, and credit cards can enjoy an interest-free period of 5 days or even 56 days at the longest. In fact, as long as consumers calculate in advance, they can enjoy the longest interest-free credit card discount in the process of swiping their cards.

although different banks have different regulations on accounting date and due repayment date, the principle is basically the same. For example, ICBC currently stipulates that this month's consumption will be interest-free until the 25th of next month. If the cardholder purchases on May 1st, the interest-free period is 31 days in May plus 25 days in June, and the longest is 56 days.

The bank bookkeeping date of CCB Longka Credit Card is 2th of each month, and the due repayment date is 15th of each month. If he swiped his card on August 21, it can end on October 15 and enjoy a maximum interest-free period of 55 days.

The interest-free period of a credit card

is more than 5 days at the longest. Generally, there is a 2-day interval from the billing date to the repayment date. If you spend money after the billing date, there will be an interest-free period of 4-5 days until the repayment date of next month.

Does the 9-day overdue credit card include the 5-day interest-free period?

No, the interest-free period does not belong to the overdue scope. It is interest-free for 5 days, but if it is not returned within 5 days, it will be overdue, which will affect the credit investigation. It is recommended to pay it back in time or at the minimum.

How to extend the interest-free period of credit cards and how to extend the interest-free period of credit cards

In the case of China Merchants Bank credit cards, the interest-free period refers to the time period from the bank bookkeeping date to the due repayment date when the cardholder repays all the payable amount. If the cardholder fails to repay in full in the current period, and the unpaid amount does not exceed 1 yuan RMB or US$ 1, no additional interest and late fees will be charged for consumer transactions that can enjoy interest-free treatment.

the longest interest-free repayment period is 5 days, unless otherwise agreed between the card issuer and the applicant, but the longest interest-free repayment period shall not exceed the longest interest-free repayment period required by relevant laws and regulations.

how to spend credit cards can be interest-free for 5 days

how to spend credit cards can be interest-free for 5 days. Credit cards are owned by most of us, and there are actually many aspects we need to know about the use of credit cards. Credit card lending is also directly related to us. The following ways to spend credit cards can be interest-free for 5 days.

how to spend a credit card can be interest-free for 5 days. 1

First, you can get the longest interest-free period by spending it the day after the credit card billing date.

2. Calculation method of interest-free period:

From the billing date of the current period to the repayment date of the current bill.

3. For example:

4. Remarks:

how to spend a credit card can be interest-free for 5 days. 2

Is there a 5-day interest-free period for credit cards?

the interest-free period of a credit card can be 5 days, or even 56 days at the longest, but not all credit cards can enjoy such a long interest-free period, and the interest-free period of each bank will be different. Most banks, such as Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, China Guangfa Bank and China Merchants Bank, generally have a maximum interest-free period of not less than 5 days.

however, it should be noted that the interest-free period can only be enjoyed when you use a credit card. If you use a credit card to withdraw cash or borrow cash in advance, it is inevitable to pay interest. The bank will charge interest at a daily rate of .5 ‰, calculated on a daily basis, until it is paid off. There is also the fact that some cardholders enjoy different interest-free periods due to different spending time.

how to calculate the interest-free period of credit cards?

Interest-free period refers to the period from the transaction date to the final repayment date of consumption in the current billing cycle, which should be calculated by combining three dates, one is billing date, the other is consumption entry date and the other is repayment date. The most important thing is to know the date when the credit card consumption of the issuing bank is recorded, that is, whether it is recorded on the same day or the next day.

Except for Agricultural Bank, China CITIC Bank, China Construction Bank, Huaxia Bank, Shanghai Pudong Development Bank, Industrial Bank and Postal Savings Bank, all other banks enter their accounts on the day after consumption, and then the specific interest-free period can be calculated according to the billing date and repayment date.

Take China Merchants Bank as an example. If you swipe your card on the day of billing, you can enjoy the longest interest-free period. The interest-free period includes three periods: the day after billing this month to the repayment date, the current repayment date to the next billing date, and the next billing date to the next repayment date, which add up to all interest-free periods.

how can I spend my credit card interest-free for 5 days? 3

How can I get a longer interest-free period?

Step 1: Spend on the day after the bill date

That's why some people swipe their cards normally, some have a 5-day interest-free period, while others have a 21-day interest-free period.

It is wise to spend money on the day after the bill date. For example, if the cardholder's bill is on October 5th and the repayment date is on October 26th, he can get an interest-free period of 5 days (from October 6th to November 26th) if he spends money on October 6th.

Step 2: Modify the billing date

There are many options for the billing date of a credit card, such as the 5th, 15th or 25th of each month, which can be changed every six months. If you want more interest-free period, choose the longest date among the options.

Take a chestnut

For example, if your billing date is October 5th and the repayment date is October 26th, you can apply to change the billing date of your credit card from September 26th to October 4th, and adjust the billing date to the 25th of each month (that is, October 25th), then the transaction will not be billed and repaid until October 25th.

the disadvantage is that it can only be modified twice a year.

Step 3: Apply for bill installment

Strictly speaking, this step is not an extension of the interest-free period (I understand that interest-free means no fees), because there is a handling fee for bill installment, and the fees are detailed in mine.

But he can indeed extend the repayment period, so the method is also written out so that people who are temporarily unable to make use of it, and they can delay repayment without affecting their credit information.

Give a chestnut

For example, the billing date is changed from 5th to 25th of each month, and the cardholder applies for payment by installments after billing on October 25th and before repayment on November 15th. At this time, the installment of the transaction on September 6 will be delayed for another month, and it will not be credited to the bill until December 25, so that the credit card will not be repaid until January 15 of the following year.

In this way, the "interest-free period" of the transaction on September 6th reaches 11 days (from September 6th to January 15th of the following year), and the handling fee is much lower than the loan interest.

PS: It should be noted that the bills before October have been repaid in full and on time, and the repayment of the last three bills is not overdue.

How to make use of the interest-free period in bonus hunter

For example, pay tuition for children, which is about 16, yuan per semester.

if you choose to pay by credit card, the tuition fees you originally prepared can be temporarily deposited in the monetary fund.

The latest income query

The highest annualized rate of return of the money fund on seven days is 3.439%

We calculate it at an annualized rate of 3%, and the 5-day income is about 66 yuan.

Although this income is not much, it can be completed without risk as long as you move your finger. All you need to do is to set your own repayment date reminder, withdraw it one working day in advance, and repay it on time. Is it easier than moving bricks?

Author's experience

Nowadays, it is very easy to invest in money funds with mobile App. I often pay by credit card, and temporarily deposit the money to be returned. I find that it is not only the benefit, but also the ability to know how much I spent on my credit card, which can avoid the sad brush of spending too much unconsciously.

making money by credit card is always the same. The money from the bank is free for you. Some people think that the money they owe must be paid back immediately, while others use the money from the bank to make money. How do you choose?

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