Repay your credit card within the 3-day grace period without paying interest or late fees.

Details:

1. The grace period of a credit card refers to a period of time after the repayment due date when the bank temporarily does not impose penalties for overdue repayment. This grace period is usually 3 days.

2. If you repay within the grace period, the bank will not charge interest or late fees. Because repayment within the grace period is counted as on-time repayment and there is no overdue payment.

3. If there is no repayment after the grace period, interest and late payment fees will be incurred according to bank regulations.

Summary:

If the credit card is repaid within the 3-day grace period, interest and late fees are not required. However, if there is no repayment after the grace period, the bank will charge corresponding fees according to regulations.

Extended information:

In addition to interest and late fees, overdue repayment may also have a negative impact on an individual's credit record, causing a decline in the individual's credit rating and affecting future loans and credit card applications. aspect. Therefore, timely repayment is very important. If you are unable to repay on time due to special circumstances, it is recommended to communicate with the bank to try to avoid the adverse consequences of overdue payments.

Note: The above information is for reference only, and the specific policies and agreements of each bank shall prevail. For special circumstances or specific terms, it is recommended to consult the customer service staff of the relevant bank or financial institution.