Credit cards have fixed repayment periods. Generally, there is a gap of 25 days between the billing date and the repayment date of a credit card. Therefore, users can often enjoy up to 50 days after using a credit card to make purchases. Interest-free period, as long as the user can complete the credit card repayment on the specified repayment date. In addition, credit cards also have a grace period for repayment. So what will happen if you repay the China Merchants Bank credit card 4 days late? Let’s find out together.

What will happen if the repayment of China Merchants Bank Credit Card is 4 days late?

The maximum repayment grace period for China Merchants Bank Credit Card is 3 days, and you can only apply for a 3-day repayment once a year. The grace period for repayment at other times is 1 day. This means that China Merchants Bank credit card repayment can only be repaid 3 days after the final payment date at the latest.

Four days late payment on a China Merchants Bank credit card means that the credit card payment is overdue. First of all, overdue credit cards will be reported to the central bank's credit report, and overdue records will be recorded on the personal credit report; in addition, it will also affect the credit card holder's future application for loans, because there are overdue records on the credit report. , no loan will be issued even if you apply for a loan at the bank; finally, even if the user completes the repayment of the credit card, the overdue record will be retained for 5 years from the day of repayment.

The above is an introduction to the relevant content of the China Merchants Bank credit card repayment that is 4 days late. I hope it can be helpful.