1. Credit card holders of Guangfa Bank can enjoy interest-free treatment when they repay all the amount due from the bank bookkeeping date to the due repayment date (inclusive), which is called interest-free repayment period; Generally, the repayment due date of the credit card of Guangfa Bank is the 20th day after the bill date (the repayment due date of the standard card, hope card and QQ card of Guangfa Bank is the 26th day after the bill date of each month).
2. If the cardholder fails to repay in full (only the minimum repayment amount and above) before the due repayment date, Guangfa Bank will charge a certain amount of cyclic interest for all your consumption amount during this period, but it will not affect your personal credit record;
3. If the cardholder fails to repay before the due repayment date or the repayment amount is lower than the minimum repayment amount, Guangfa Bank will charge a certain amount of cyclic interest and late payment fee for all your consumption amount during this period, and will leave a stain on your personal credit record.
4. Calculation method of CGB's credit card revolving interest: In case of insufficient repayment before the due repayment date and overdraft withdrawal, CGB will charge interest at a daily rate of 0.5 ‰ and compound interest monthly. The interest-bearing date is from the transaction bookkeeping date to the repayment date, and the interest-bearing principal is calculated according to the actual amount owed.