Hello, the interest-free period refers to the period from the bank bookkeeping date to the due repayment date when the cardholder repays all the payable amount and enjoys interest-free treatment before the due repayment date (inclusive). If the cardholder fails to repay in full in the current period, and the unpaid amount does not exceed RMB 65,438+00 or US$ 65,438+0 yuan, the consumer transactions that can enjoy interest-free treatment will not be subject to interest and late fees. The longest interest-free repayment period is 50 days, unless otherwise agreed between the card issuer and the applicant, but the longest interest-free repayment period shall not exceed the longest interest-free repayment period required by relevant laws and regulations.

Revolving credit is a small unsecured loan with daily interest. Cardholders can decide how much to repay each month before the current credit card bill expires according to their financial situation. When the cardholder's repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the revolving credit balance. If you choose to use revolving credit, you will not enjoy the interest-free repayment period in the current period.

Each consumption amount of the last bill is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The cardholder's billing date is the 7th day of each month, and the credit card consumption is 2000 yuan in April 1 day. This consumption was recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is 2000 yuan, and the "minimum repayment amount" is 200 yuan. If the cardholder only repays 200 yuan on the due repayment date on April 25th, the interest payable up to that date will be shown on the bill on May 7th, that is, 23-day interest of RMB 2,00010.8 million yuan residual interest 13 days later repayment: RMB 2,000 ×0.05%×23 days (April 2nd-April 24th).

(You can consult any credit card service information of China Merchants Bank online through QQ or WeChat. Method 1: Search 4008205555 among QQ corporate friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: Search "cmb4008205555" on WeChat, and pay attention to China Merchants Bank Credit Card Center. )