According to Article 14 of the "China Bank Card Industry Self-Discipline Convention", member units should provide cardholders with at least 3 days of time-limited services. When cardholders repay within the repayment grace period, , it should be regarded as the cardholder repaying the loan on time. However, since this regulation is not mandatory, many banks do not provide cardholders with grace period. So does Bank of Jiangsu’s credit card have a three-day grace period? Let’s find out together!

Bank of Jiangsu Is there a three-day grace period for credit cards?

Yes, Jiangsu Bank provides Jiangsu Bank credit card holders with a three-day grace period for repayment. Payment should be made no later than 18:00 on the third day after the last payment date. Arrears. If you repay the current bill repayment amount in full within the grace period, Bank of Jiangsu will not charge credit card overdraft interest and it will still be deemed to be repaid on time. If you repay the current minimum payment amount of your credit card within the grace period, Bank of Jiangsu will not charge liquidated damages, but the unpaid portion will not continue to enjoy interest-free services.

In addition to providing a three-day tolerance service, Bank of Jiangsu also provides a 10 yuan tolerance service for Jiangsu Bank credit card holders. Tolerance service means that when the outstanding amount of the current credit card (i.e. the difference between the actual repayment amount and the repayment amount) is less than or equal to 10 yuan, and the minimum repayment amount has been met, Jiangsu Bank will waive overdraft interest on the customer's credit card account , it will be regarded as repayment on time, and the unpaid balance will be included in the next bill.

Once a credit card is overdue for repayment, it will be reported to the credit report by the bank, resulting in a negative record on the personal credit report. Overdue credit card is a relatively serious behavior. Once the credit report is listed, it will have a negative impact on the user's subsequent loan and credit card applications.

(The picture comes from the official bank of Jiangsu)

The above is the answer to the question: Does Jiangsu Bank’s credit card have a three-day grace period? Users must pay attention to its repayment when using the credit card. When the user fails to repay the credit card on time on the last payment date of the credit card, it is considered a credit card overdue repayment behavior. In the actual use of credit cards, many bank credit cards have a grace period for repayment, but different banks have different credit card grace period regulations.