Many banks provide their credit card holders with three-day repayment service in accordance with the relevant provisions of the China Convention on Self-discipline of Bank Card Industry. However, because it is not mandatory, there are differences in the provisions of repayment grace period among different banks. Cardholders with Guangfa Credit Card find that the grace period for repayment seems to be only one day, so is the grace period for Guangfa Bank Credit Card only one day? Let's get to know it together!

is the grace period of China guangfa bank's credit card only one day?

yes, according to the credit card regulations of guangfa bank, the longest grace period of guangfa credit is three days, but the three-day grace period can only be applied once a year, and all repayment grace periods in the following year are only one day, and the other three or one-day grace periods need to be applied to the bank in advance. If you don't apply, you can't enjoy the grace period service.

Repayment beyond the grace period of Guangfa Credit Card will be regarded as overdue repayment. Generally, banks only charge 5% late payment fee for the unpaid part, and the penalty interest will be charged at 5% of the daily interest until the cardholder pays off. In addition to the fine, if the bank records the overdue in the credit information system, the cardholder's bad records will also be generated in the credit information center of the People's Bank of China, and the bad records will generally be kept for five years. If you want to apply for a loan, it will affect your application.

in order to ensure that the repayment amount will be recorded before 2: within the grace period, it is suggested that Guangfa Credit Card holders adopt the repayment methods provided by Guangfa Bank, such as online bank transfer repayment, ATM card transfer repayment, cash repayment at the counter of our business outlets, and mobile bank transfer repayment.

the above is the answer to the question that the credit card grace period of China guangfa bank is only one day. because the credit card repayment regulations of China guangfa bank are different from those of other banks, if the cardholder fails to pay off the arrears on time, he must apply for the grace period in time, otherwise it will be regarded as overdue. If the working capital can't be used for repayment in one day, it's best to repay by installments or minimum repayment first to relieve the pressure of short-term repayment and ensure that no overdue behavior occurs.