1. How is the credit card repayment period calculated?

The credit card repayment period is calculated based on the billing date and consumption date of the credit card, not Fixed. The repayment period varies from bank to bank. Generally speaking, it is 18 to 25 days after the statement date. The shortest is 18 days for China Merchants Bank and the longest is 25 days for Industrial and Commercial Bank of China. Generally speaking, the interest-free repayment period of credit cards ranges from 20 to 50 days.

There are two calculation methods for credit card repayment period:

1. It is clearly specified that a certain day of each month is the interest-free deadline. The interest-free period is calculated from the consumption date to The date between deadlines.

2. The cardholder sets a billing date, and then sets the latest repayment date based on the billing date. The interest-free period is the date between the consumption date and the latest repayment date.

The credit card payment due date refers to the last date when the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date. In fact, the repayment due date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

2. What to do if your credit card is overdue and repay it in installments

1. You can go directly to the business hall with your credit card, directly explain to the staff your request for installment payment, and fill in the form to apply with the assistance of the staff. That’s it.

2. You can call the bank’s customer service number and follow the voice prompts or directly transfer to manual instructions to apply for installment. Just follow the staff’s instructions.

3. You can use the bank APP. After logging in, select "Credit Card", click "Instalment Repayment", and follow the prompts on the page to apply for installment.

4. Check in to the official bank credit card website. After logging in, click "Credit Card", "Instalment" and "Bill Installment" and follow the website operations to select the installment.

5. Follow the bank's credit card WeChat official account , apply for bill installment.

Credit card installment payment means that when a cardholder uses a credit card to make a large purchase, the bank pays the merchant a one-time payment for the goods or services purchased by the cardholder, and then allows the cardholder to make a one-time payment. The process of the cardholder repaying the loan and paying the handling fee in installments to the bank. The bank will deduct the consumption funds and handling fees in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount. /p>

The credit card repayment time can be calculated based on the billing date and consumption date. You can make an appointment by calling the bank’s customer service phone number and apply for installment repayment of the credit card. After the credit card account is closed, the card will be invalid and cannot be used anymore. It cannot be reactivated. There are two situations of credit card cancellation, one is the cancellation of the credit card, and the other is the cancellation of the credit card account. These two situations are different. After the credit card account is canceled, the applicant's information will be deleted by the bank.