What is the longest repayment period of a credit card?

Usually, the interest-free period of a credit card is 2 days at the shortest and 5 days at the longest. But there are exceptions. Some banks can reach 56 days. The longest repayment period of a credit card refers to the date from the bank bookkeeping date to the due repayment date.

the credit card repayment period is calculated according to the billing date and consumption date of your credit card, and it is not fixed. The bank will tell you when the card is issued, and each bill will have a bill date.

the repayment period varies from bank to bank, generally speaking, it is 18 days to 25 days after the billing date, of which the shortest is 18 days for China Merchants Bank and the longest is 25 days for Industrial and Commercial Bank of China.

generally speaking, the interest-free repayment period of credit cards is about 2 days to 5 days. For example, if your billing date is 12th, the date when you use your credit card for spending is 11th, and the interest-free repayment period stipulated by your card-issuing bank is within 2 days after the billing date, then your repayment is only 2 days.

if the date of your credit card consumption is 13th, the consumption will enter the next bill, and your bill will not be generated until 12th of next month, so you have a 5-day interest-free repayment period, that is, 3 days from 13th of credit card consumption to 12th of the next month plus 2 days after bill generation.

Extended information:

Credit card repayment method:

1. Within the issuing bank

This method includes: the issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the money will generally be recorded after being processed by the system on the same day.

2. Micro-banking POS mobile phone

Micro-banking POS mobile phone is a personal payment terminal of mobile financial system, which can be used for direct credit card repayment and transfer. Immediate arrival!

3. Transfer/remittance repayment

There are two ways: inter-bank in the same city and inter-bank in different places. No matter how to transfer or remit money, the remitting bank will charge a certain fee, and at the same time, the time of payment and the convenience of repayment are not as good as those in peers, online repayment and convenience store repayment.

4. Online repayment

The common online platforms in China are UnionPay Online, Kuaiqian, Shengfutong, Alipay and Tenpay. Different platforms and banks are selected, and the charging standards and the specific payment arrival time are different.

5. Repayment in convenience stores

This method mainly completes repayment through the "Lacarra" smart payment terminal installed in convenience stores. Generally, it takes 2-3 working days to arrive at the account, and no handling fee is charged for repayment in this way.

6. Counter-connected repayment

Counter-connected refers to the bank card issued by various networked financial institutions, and the current RMB deposit and withdrawal transactions are conducted through the counters of other bank outlets registered in the host system of UnionPay Exchange Center.

7. Repayment by Xinfutong

The "Xinfutong" smart credit card phone is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center and supported by financial services provided by China UnionPay's inter-bank information exchange network.

8. Repayment Pass

Repayment is made through the Repayment Pass, and the fees are generally charged according to the charging standards for inter-bank transfer in the same city and inter-bank transfer in different places stipulated by the local people's bank.

8. Other methods

In addition to the above-mentioned methods, the issuing bank has also opened its own repayment methods to facilitate the cardholder's repayment.

Credit card-Baidu Encyclopedia

How long is the repayment period of credit card

1. The longest repayment period of credit card is 49-5 days;

2. The calculation of this period is from the day you receive the bill to the repayment date of the next month, which is almost these times;

3. If you swipe your card before the billing date comes out, for example, if there is still one week before the billing date, the repayment period will be shorter after the billing date comes out.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

On May 25th, 221, the Supreme People++promulgated and implemented the Provisions of the Supreme People++on Several Issues Concerning the Trial of Civil++Cases of Bank Cards.

main features

① Credit card is one of the fastest-growing financial services, which can replace traditional cash circulation in a certain range;

② Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;

③ Credit card is a high-tech product integrating financial business and computer technology.

④ Credit card can reduce the use of cash and currency;

⑤ Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;

⑥ Credit card can simplify the collection procedures and save social labor;

⑦ Credit card can promote commodity sales and++social demand.

how long does it take to repay a credit card?

Different banks have different requirements on the repayment period of a credit card. Generally, most banks have 2 days, and a few banks have 25 days.

For details, you can call the customer service hotline of the relevant bank.

the repayment date refers to the last day of the interest-free repayment period. There is no interest on repayment before the repayment date, and interest will be generated if it is overdue.

the interest-free repayment period is different according to different banks and different consumption days. The bills consumed on the day after the repayment date can enjoy the longest interest-free repayment period, while the bills consumed on the day before the repayment date can only enjoy the least interest-free repayment period.

In fact, the use of credit cards is very convenient, and it is easy to use if you know its repayment rules and related issues such as interest. Credit cards have a fixed repayment date every month, which is also called billing date. The 2th day after the general repayment date is the final repayment date, and you can enjoy interest-free when you pay off all the debts before the final repayment date. If you exceed the repayment period, your debts will generate certain interest every day, and the longer the time, the higher the interest. In addition, credit cards have a loan amount, which is different according to the bank and type of credit card you run.

Giving full play to the maximum utilization value of a credit card generally means that every bill can enjoy the maximum interest-free repayment period of the card. Of course, this is only an ideal situation, and it is impossible to save every consumption for one day. Therefore, if there is a large amount of consumption on the day before the repayment date, if possible, it should be delayed for 2 days as far as possible, so that the maximum interest-free period can be won. In short, spending on the day of repayment or a few days later can have a relatively long interest-free repayment period.

Of course, when using credit cards for spending, you should first have an accurate positioning of your own economic level, spend wisely, and don't spend blindly, resulting in high debts. If you delay repayment beyond the repayment period, you will generate high interest, so that you will need to pay more money on the next repayment date. If this cycle continues, you will enter a bad situation where you can't make ends meet. Credit cards are used to facilitate our lives, and it is not good if they are used improperly and violate this original intention.

Function of credit card:

It is convenient for people's life and saves the trouble of carrying cash, and there is no geographical restriction in using credit card. No matter where you swipe your card in China, you can swipe it as long as you have the UnionPay logo, and there is no handling fee;

be able to participate in various discount activities in cooperation between merchants and banks;

the points earned by credit card spending can be exchanged for gifts;

Timely repayment after swiping the card will enhance the credibility of personal banks.

Use of credit card:

1. Shopping.

2. Microfinance.

3. save money.

4. Save money by shopping.

5. Value-added services of credit cards to obtain cheap insurance and travel.

6. Credit certificate.

Disadvantages of credit cards:

Credit cards don't spend money one by one like paying cash. Credit card consumption tends to blur the cardholder's concept of money and lead to blind consumption;

if the cardholder fails to repay the loan on time, the bank will charge high interest;

Credit cards are basically swiped without passwords by default, which makes it easy to be swiped by others when lost or stolen, causing unnecessary troubles or losses;

Long-term malicious arrears will naturally affect personal credit records and even be blacklisted by banks. In the future, if you want to borrow money from banks to buy a house or a car, you may be rejected by banks.

how to calculate the longest repayment time of credit card and the longest repayment time of credit card is 5 days? This is the end of our introduction. I wonder if you found the information you need from it?