The interest-free repayment period is from the consumption date to the final repayment date. The longest interest-free period of China Merchants Bank Credit Card is 49 days, and the shortest is 19 days. The interest-free period is different on different consumption days, and the longest interest-free period can be enjoyed on the next day of the bill.

For example, the 5th of each month is the billing date, the consumption is on May 6th, the bill is paid on June 5th, the final repayment date is June 23rd, and the interest-free repayment period is 49 days. If consumption is made on May 5th, that day is the bookkeeping date, May 23rd is the final repayment date, and the interest-free repayment period is 18 days.

2.

Several definitions related to repayment period

Bookkeeping date: refers to the date when the card issuer summarizes the accumulated outstanding consumer transaction principal, cash withdrawal transaction principal and expenses of the cardholder. Every month, calculate the interest and the amount that the cardholder should pay.

Maturity repayment date: refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer.

Interest-free repayment period: refers to the period during which the cardholder can enjoy interest-free treatment from the bank bookkeeping date to the due repayment date of consumer transactions on the premise that all the payables are repaid before the due repayment date (inclusive).