because credit cards have the latest repayment date, there is still a grace period of three days after the repayment date.
However, it must be noted that if the credit card is overdue for a long time, the consequences will still be serious. The bank will calculate the interest at the rate of five ten thousandths per day, and the overdue record will be kept in your credit data.
Extended information:
1. Consequences of overdue credit cards
1. After overdue credit cards, there is an interest-free period, which is about 2 days to 5 days. There is no interest during this period, but if you don't repay after this period, there will be interest. You have to pay interest in addition to the principal.
2. If it is overdue, it may affect your personal credit information, and your information will be uploaded to the credit information system of the central bank, thus becoming a faithless person, which will have a great impact on your future taking the high-speed train and buying a house and car.
3. Those who are seriously overdue will be classified as malicious overdraft of credit cards, and they will bear criminal responsibility and be sentenced, which will bring great troubles to their lives.
2. Credit card charge = charge amount * charge rate. Different industries have different rates, ranging from .5% to 4%.
the general discount rate of the first type of merchants including catering, hotels, entertainment, jewelry and gold ornaments, arts and crafts is 2%-2.5%.
the second type of merchants, including real estate, automobile sales and wholesale, generally have a discount rate of 1%, so they can apply for the ceiling of single-comparison transactions.
the general discount rate for the third type of merchants, including air ticket sales, refueling and supermarkets, is .5%-1%.
the general discount rate of the fourth type of merchants including public hospitals and public schools varies from region to region.
the general discount rate for the fifth category of merchants including the general category is 1%-3%.
it should be noted that the credit card swiping fee is charged by the bank to the swiping merchant, and the cardholder does not have to pay it.
3. There is no interest-free period for cash withdrawal by credit card. From the date of cash withdrawal, interest will be calculated at the rate of five ten thousandths of the daily interest until it is paid off. Taking the repayment after 2 days as an example, the interest to be borne when withdrawing 1, yuan is: 1, * .5% * 2 = 1 yuan, that is, the daily interest of 5 yuan, and the 2-day * * 1 yuan.
in addition, there is a handling fee for cash withdrawal by credit card, which varies from bank to bank and is generally around 1%-3%. Take the transaction behavior as an example. The handling fee for withdrawing cash from a credit card is 1%, and the handling fee for withdrawing 1, yuan is 1 yuan. The total * * * adds up to the cost of 2 yuan. Everbright and Ping 'an have higher cash withdrawal fees, both of which are 2.5%. Then, the handling fee for withdrawing 1, yuan is 25 yuan, which totals the expenses of 35 yuan.
cardholders are advised not to withdraw cash easily by credit card without special needs. Even if there is a demand for cash withdrawal, we should choose some special cards with cheaper cash withdrawal fees, such as the Y-POWER credit card of Bank of Communications for cash withdrawal in RMB, and each handling fee is RMB 5 yuan. However, repayment should be made as soon as possible after cash withdrawal.