The grace period of Bank of Communications credit card is 3 days. If the cardholder forgets to repay on the repayment date, he can still repay within these three days. Note that repayment must be made before the end of the repayment grace period, otherwise it will be overdue. Users can repay through bank online banking or mobile banking, and receive the account in real time.

1. When is the repayment date of the credit card?

The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after issuing the bill, the issuing bank should pay off all the expenses before the due repayment date. 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. For each bank, the interest-free repayment period is different.

Second, credit cards.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with 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 specialized 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 limits.

Third, the impact of overdue credit cards:

First, late payment will affect personal credit. If a lender borrows money from a bank and fails to repay it within the time limit, his personal credit report will leave a bad credit record. It is very difficult to apply for credit cards and loans in the future, and most of them will be rejected, which will cause many troubles to personal production and life.

Second, the most direct consequence of not paying back the credit loan is a high penalty interest, and you may have to pay a certain penalty. Even the principal and interest add up to a lot of expenses, and the result of not repaying on time is to increase my economic pressure.

Third, in loans overdue, the lender will face all kinds of collection. Banks or financial institutions have their own collection systems. After the lender is overdue, the first-class collection will send you a text message and call for a reminder. If it is not returned for a long time, and the degree is serious, there will even be a collector to collect it in person. This overdue person should be psychologically prepared and strive to pay off the money at the first time before solving it.

Fourth, if the loan is overdue for a long time and the amount is large, the lender may be sued by financial institutions. After the lawsuit is accepted, the assets of the lender may be sealed up after the court pronounced a sentence. This is the "repayment ruling" that the lender must execute, otherwise the court will seal up the property and other assets under your name according to law and repay the arrears with the proceeds from the auction.