How long can Bank of Communications reduce interest?

BoCom’s interest-free period is a minimum of 25 days (for consumption on the bill date) and a maximum of 56 days. Generally speaking, the long interest-free period for Bank of Communications credit cards is fifty-six days. In addition, users need to understand that the due date for payment of Bank of Communications credit cards is the 25th day after the statement date. Because the number of days in each month is different, sometimes there are thirty days in a month, and sometimes there are thirty-one days in a month, so the interest-free period is between twenty-five days and no fifteen days, or It is between twenty-five and fifty-six days. Therefore, we can understand that the longest interest-free period of Bank of Communications credit card is fifty-six days.

If the Bank of Communications credit card statement date is the 14th, how is the repayment date calculated?

The Bank of Communications credit card repayment date is 25 days after the bill date. If your bill date is the 14th, then your repayment date will be pushed back 25 days, that is, the 10th or 11th of the next month (some A month has 31 days), so it is recommended that you repay before the 10th of each month.

The minimum interest-free period for Bank of Communications credit cards is 25 days and the maximum is 56 days. If you want to enjoy the longest interest-free period, then you should consume on the 14th. The amount consumed on the 14th will be included in the following billing date. For example: on April 14th, you swipe 2,000 on your card, and this 2,000 will be included in the bill on April 14th, and then pushed back 25 days, and you can pay off this 2,000 before May 10th.

Extended information:

The consequences of overdue Bank of Communications credit cards:

1. It affects the cardholder’s application for loans or credit cards. When applying for a loan or credit card, the bank will check the applicant's credit record in the past 24 months. If there is an overdue record, the likelihood of your application being successful will be greatly reduced. If the overdue situation is serious, such as being overdue for more than 180 days and owing more than 10,000 yuan, it is likely to be blacklisted by the bank. From now on, you will no longer be able to apply for loans and credit cards from this bank.

2. Interest and late payment fees will be incurred. When a credit card is overdue for repayment, the bank will charge a late payment fee and an interest of 0.05% per day. It is difficult to eliminate the overdue record of Bank of Communications credit card. If the overdue record is caused by the cardholder himself, he needs to wait for it to be eliminated naturally.