The repayment period of a credit card refers to the period from the time you spend the credit card to the last repayment date. Depending on your billing date, repayment date and consumption time, the repayment period varies from 18 days to 5 1 day. The consumption on the billing date will appear in the next bill (except the consumption through Ping An Bank), so you can enjoy the interest-free period of up to 5 1 day; Consumption on the day before the billing date is included in the current bill, and only the shortest interest-free period 18 days can be enjoyed.

1. What is the credit card repayment cycle?

The repayment period refers to the date and time from the date when the consumer issues the bill to the latest repayment date. Usually refers to the repayment period of bank credit cards, usually between 20 days and 50 days. When users use credit cards, it is interest-free to pay off all bills within the repayment period stipulated by the issuing bank, so it is also called "interest-free repayment period". If the repayment period is exceeded, a certain amount of overdue interest will be charged.

Yes

The billing date of a credit card is usually a specific date. From the billing date of last month to the billing date of this month, the amount of credit card consumption will be recorded in this month's consumption bill as the final total consumption of this month, and the repayment date is generally after the billing date of credit card. After the credit card bill, the cardholder needs to pay off the loan consumption before the repayment date in order to restore the credit limit and continue to use the credit card. If the repayment is not made in time after the repayment date, the repayment interest may be paid to the bank after the deadline.

Second, what is the loan cycle?

The unit of measurement of loan cycle can be year, half year, quarter and month. For example, loan 15 or 180 months. But some loan cycles are determined by the repayment amount. For example, the loan is 180 times, which means there are 180 times of repayment. If it is repaid once a month, it is equivalent to a loan of 15 years, but if it is repaid once a year in February, it is equivalent to a loan of 30 years. The effective date of the loan to the first repayment date is generally the same as the subsequent repayment interval.

If the benchmark interest rate is adjusted, the repayment amount will also be adjusted, but the fluctuation (or downward fluctuation) within the loan term remains unchanged. If the benchmark interest rate is adjusted, the loan interest rate will rise (or fall) on the basis of the new interest rate. As for when to implement the new interest rate, it should be determined according to the nature of the loan (commercial loan or provident fund loan), the lending bank and the contract sample.

If you apply for a loan in a bank for one year, the loan period is one year. If you want to enjoy the national policy of lowering the loan interest rate in the next loan cycle, you must wait until the loan cycle of the previous year expires.