What does it mean that China Merchants Bank's credit card has no installment bill?
For example, if the bookkeeping date is the 5th of each month, and the transactions that have been bookkept are recorded from the 5th of last month to the 4th of this month (inclusive), then the transactions after the 5th of this month (inclusive) are classified as unbookkept, and the repayment has been bookkept before bookkeeping. In the meantime, you can continue to use the credit card as long as the account amount is sufficient and the card status is normal.