Different banks have different regulations on the use of credit cards. Credit cards can enjoy an interest-free period of up to 50 or even 56 days. In fact, as long as consumers calculate in advance, they can enjoy the longest credit card interest-free discount during the credit card swiping process.

Although each bank has different regulations on accounting dates and due repayment dates, the principles are roughly the same. For example, ICBC currently stipulates that consumption from this month to the 25th of the next month will be the interest-free period. If the cardholder purchases on May 1, the interest-free period is 31 days in May plus 25 days in June, which makes the longest period 56 days.

The bank accounting date of the CCB Long Card credit card is the 20th of each month, and the due repayment date is the 15th of each month. If he swiped the card on August 21, he can enjoy the interest-free period of up to 55 days until the end of October 15.

Extended information:

Example

Assume that the account arrival date of your bank is the 10th of each month. If you swipe the card once on May 9th , then, the money must be repaid within 20 or 25 days after May 10th (as for whether it is 20 days or 25 days, each bank is different, Bank of Communications is 25 days, China Construction Bank is 20 days, CITIC The bank's maximum limit is 50 days), so it is not wise to swipe the card at this time (when the account is approaching).

Similarly, if you swiped the card on May 11th, then the calculation of how much money you swiped from May 10th to June 10th will be calculated from June 10th. The money must be repaid within 20 or 25 days (probably July 5th). At this time, from the time you swipe the card to the final repayment date, there is the longest interest-free period, which is about 49 or 55 days, so after the payment date Swiping your card within a few days is the best option.