ICBC credit cards are divided into credit cards and quasi-credit cards, and the interest-bearing provisions are as follows:
1. The quasi-credit card does not enjoy the interest-free period, and the overdraft period is 60 days from the bank bookkeeping date, and the overdraft amount is charged at the daily interest of 0.05% from the overdraft bookkeeping date; The deposit in the account shall pay interest according to the current savings deposit interest rate and interest-bearing method stipulated by the People's Bank of China, and according to the current interest rate listed on the interest settlement date, and the 20th of the end of each quarter shall be the interest settlement date.
2. With credit cards, consumers can enjoy an interest-free repayment period, and there is no need to pay overdraft interest for full repayment before the due repayment date (inclusive); If the repayment is not made in full and on time, ICBC will charge 0.5 ‰ overdraft interest for the unpaid part from the bank bookkeeping date to the repayment date, and the card with full penalty interest rule will charge overdraft interest from the bookkeeping date to the repayment date for overdraft transactions including the "repaid part" enjoying the interest-free period. There is no interest-free repayment period for overdraft withdrawal or transfer, and overdraft interest is paid at 0.5 ‰ per day from the bank bookkeeping date to the repayment date. The credit card is compounded monthly, and the deposit in the account does not pay interest.
You know, as long as the credit card is repaid in full before the repayment date, it will not generate interest, and the interest-free period can be up to 50 days. When we receive the credit card, the envelope will indicate the monthly billing date and repayment date. Generally speaking, the difference between the billing date and repayment date of each bank is about 20 days.
For example, for my credit card, the billing date of each month is 18, and the repayment date is usually the 8th of the following month. As long as the bill of the current month is paid off before the 8th of the following month, there is no need to pay interest, and the consumption after the bill is included in the next bill.
For example, I spent a sum of money from 500 yuan in June 65438+1October 65438+September this year. I only need to pay off 500 yuan before February 8th, 65438+February 8th, and there will be no fees. The interest-free period is up to 50 days. However, if I make this consumption on June 5438+1October 65438+1October 8, then this consumption will be included in the current bill, and I need to repay it before June 5438+1October 8, and the interest-free period is only 20 days.
Therefore, sometimes, if you don't have to spend money, and short-term funds are tight, you might as well stagger spending after the billing date, which can also alleviate the short-term financial pressure and enjoy a longer interest-free period. This is also the trick of using credit cards.