Consumption by card on the bill date is included in the current bill and should be repaid before the subsequent repayment date.

1. Credit card purchases generally have the shortest interest-free period for purchases made on the day of the statement;

2. Purchases made on the day after the statement date have the longest interest-free period. ;

For example: the billing date for China Merchants Bank’s credit card is the 20th of each month, and the repayment date is the 8th of each month. Then if the consumption is on July 20th, it belongs to the bill of July 20th, and must be in Repay before August 8th, so that you can enjoy the shortest interest-free period; if the purchase was made on July 21st, it belongs to the bill of August 20th, and you should repay before September 8th, so that you can enjoy the shortest interest-free period. Long interest-free period. Extended information

Credit card consumption on the reconciliation date: If the repayment exceeds the grace period or the repayment amount is less than the minimum repayment amount stipulated by the bank, it is considered overdue, and interest will be calculated from the accounting date, and additional A late payment fee of 5% of the unpaid portion of the minimum repayment will be charged on a monthly basis;

① If the bank has not recorded the account at the time of consumption, the consumption amount will be included in the current bill, and you can only enjoy The shortest interest-free period;

② If the bank has already recorded the account at the time of consumption, the consumption amount will be included in the next bill, and you can enjoy the longest interest-free period;

③ It is recommended to confirm the payment before proceeding with consumption.

Baidu Encyclopedia-Billing Day