If it is a CMB credit card, the repayment grace period is 3 natural days after the due repayment date. According to "China Bank Card Industry Self-discipline Convention", banks provide credit card customers with a three-day repayment grace period free of charge. For example, the final repayment date is the 5th of each month, and the repayment will be made before 24: 00 pm on the 8th of that month, which will not affect personal credit, and the service does not need voluntary application.

What does the grace period for repayment mean?

Grace repayment method is a repayment method derived from the average capital repayment method. That is, within the repayment period (month/quarter/year) agreed in the loan contract (except the last installment), if the borrower repays the repayment amount of each installment within the grace period, it will be regarded as normal repayment, and no penalty interest will be charged during the grace period; If the repayment exceeds the grace period, the penalty interest will be charged according to the actual days of default (including the days of grace period).

Grace period repayment method is suitable for people: this method mainly solves the problem of non-malicious temporary arrears caused by some customers' temporary business trips or special circumstances. Usually, banks will give this supporting preferential scheme to their high-quality customers.

What are the characteristics?

1, the grace period repayment method is characterized by: according to the Pre-sale Agreement signed with the developer, the bank allows the customer to repay only the current interest of the loan amount before moving in; After moving in, the principal and current interest should be paid back. At this time, the repayment method is the same as that in the average capital.

The advantage of this repayment method is that it reduces the repayment pressure after paying the down payment. At this stage, many domestic banks also adopt this repayment method.

What is the credit card repayment method?

1. Full repayment. The bill will be paid in one lump sum after it is issued on the billing date. This is the best repayment method, but it also requires considerable funds. If the bill amount is 65438+ million, it needs 65438+ million to pay it back.

2. Repayment by installment. After the bill is issued on the bill issuance date, the current bill will be repaid in installments, which can generally be divided into 3/6/9/ 12/ 18/24 installments. This way, the repayment pressure is relatively small, but it has to bear a certain installment fee.

3. Minimum repayment amount. Every bank will give you a minimum repayment amount (65438+ 00% of the current bill) when issuing bills again, which is also the most uneconomical repayment method. If the bill amount is large, you have to pay a high interest fee. The minimum repayment is to spend more money to ensure your credit information, but it will cost a little extra interest.