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What does the interest-free repayment period of credit cards mean?
1. For credit card non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. During this period, as long as you pay off the current amount due on the current statement (the total amount owed), you don't have to pay any interest on non-cash transactions. Of course, you don't enjoy interest-free discount if you borrow cash in advance.

2. Interest-free repayment period varies according to the regulations of each bank. The shortest is from the billing date to the final repayment date, and the longest is from the day after the billing date to the final repayment date of next month. If the billing date is 1 day and the final repayment date is 20 days, the shortest is 20 days and the longest is 50 days.

In fact, the due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. Every bank has different regulations on repayment date, and every credit card has the opportunity to modify the date. Therefore, it is best to consult the interest-free repayment period of the bank where your credit card is located in advance.

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