Is the Ruifeng Bank credit card repayment accurate to the time before, before 12 o'clock in the evening?
In fact, the due payment date is the last day of the interest-free repayment period. Repayments before this are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank. For example, for a Bank of Communications credit card, the bill date is the 3rd of each month, and the due date for the bill on November 3, 2012 is November 28, 2012.
The repayment due date is also called the final repayment date. If you do not repay in full before the repayment due date and do not choose the minimum repayment amount of your credit card to repay, you may face The penalties are:
1. All consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day when the consumption occurs, with a daily interest rate of 0.05%. Earn compound interest on a monthly basis;