Hello, if China Merchants Bank is a credit card, the credit card has a designated billing date and repayment date. "Bookkeeping date" refers to the date when the card issuer summarizes the accumulated outstanding principal of consumer transactions, principal of cash withdrawal transactions and handling fees of cardholders. Every month, calculate the interest and the amount that the cardholder should repay. "Due 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 (the consumption amount can be repaid before the due repayment date, and the credit card can be returned before 24: 00 at the latest). For example, the 5th of each month is the bookkeeping date, the 23rd of each month is the repayment date, and the consumption from the 5th of last month to the 4th of this month is repaid on the 23rd of this month.

There is no interest during the period from consumption on the bookkeeping date to repayment on the repayment date, and the interest-free period is enjoyed.

If it is paid back in 3 months, you can apply for bill installment. Bill installment (only for business cards, business cards (including financial business cards), purchase cards, ANA protection cards or supplementary cards) is a new financial management function launched by our credit card, which can help you repay the consumption amount in the bill in monthly installments. You can send a short message, log in to the online bank of credit card or call the customer service hotline 4008205555 to transfer the application to the service specialist. Handling fee per installment = total installment amount × handling fee rate per installment. The minimum handling fee for each installment is 5 yuan, 0.9% for the third installment, 0.75% for the sixth installment, 0.70% for 10 installment, 0.66% for 12 installment, 0.68% for 18 installment and 0.68% for the 24th installment. Whether the bill installment application is approved or not shall be subject to the comprehensive evaluation results of our credit card center. Please log on to the credit card website/click "Credit Management"-"Bill Installment" to inquire about the terms of bill installment.