Three installments are interest-free, which means three installments within 90 days, and one installment must be repaid every 30 days. Interest-free means that there is no interest to repay. The third period is 90 days.

After swiping a credit card with a zero balance, the buffer period for customers to deposit money is the interest-free period. Generally, this interest-free period occurs after the customer makes a purchase. As an explanation of the longest interest-free period, if the bank stipulates that the 25th of the next month is the repayment period, and consumption is made on the 1st of this month, the longest interest-free repayment period is 56 days; consumption is made on the 2nd of this month. , the repayment period is 55 days.

At present, the longest interest-free period is: Bank of Communications, Industrial and Commercial Bank of China, and Agricultural Bank of China, with 56 days.

Extended information:

Notes:

There are generally two types of interest-free periods. One is that the bank clearly stipulates that a certain day of the month is interest-free. The repayment deadline and the interest-free period are the dates between the bank accounting date and the deadline. Both ICBC and Agricultural Bank of China use this method;

The other is for the cardholder to choose one according to their needs. Then set the latest repayment date based on the bill date, then the interest-free period is the date between the bank accounting date and the latest repayment date.

Reference: Baidu Encyclopedia-Interest-free Period