First, after credit card installment, it is best to repay on the billing date and repayment date.

Second, credit cards generally have a three-day grace period after repayment, and repayment within the grace period is regarded as timely repayment.

1, if it is paid off in full, it will not generate any expenses;

2. For the minimum repayment amount, the daily interest shall be calculated at 0.05% from the consumption bookkeeping date;

3. If the repayment exceeds the grace period or the repayment amount is lower than the minimum repayment amount stipulated by the bank, it will be deemed as overdue. The daily interest is 0.05%, and the interest is calculated from the bookkeeping date. In addition, a late fee of 5% of the unpaid minimum repayment amount will be charged on a monthly basis.

Extended data

The main benefits of credit card installment payment:

1, enjoy first, then pay.

2, no guarantor, simple procedures.

3. Fixed time and easy payment.

4. Payment is optional, and monthly repayment amount is optional.

5. More space to choose payment methods.

reference data

Baidu encyclopedia-credit card installment payment