My credit card belongs to Guangfa Bank. I want to overdraw 7000 yuan, and the bill date is the 5th. If I want to be interest-free for 50 days, when should I brush it?

I want to overdraw 7000 yuan, and the bill date is the 5th. If I want to be interest-free for 50 days, when should I brush it?

A: You can enjoy the longest interest-free period by swiping your card on the 6th.

If I don't deposit or withdraw money after the interest-free date, is it 0.5% interest per day? Is there a handling fee?

Answer: Interest will be generated after repayment, which is 0.5‰ per day, not 0.5%. There is no handling fee, and there is a late fee.

I see that installment payment is interest-free, but there is a handling fee of 0.6%. Isn't that more expensive?

A: No, this 0.6% is the monthly handling fee rate and 0.5‰ is the daily interest rate.