How To Use The Credit Card Interest Free Period The Most Cost-Effective Way?

　　 Credit Card The interest free period is a great convenience that cardholders can take advantage of. Many cardholders still don't know how to use them to maximize their convenience. Most banks have interest free periods of 50 days and individual banks to 56 days. To maximize the use of interest free periods, the key lies in the day of account and the consumption day.

"My bank card has an interest free period of 50 days, but how can it be used?" on the 9 day, Ms. Xing, who was working in a public institution in Dongyue street, told her colleagues about the interest period of credit card. Although she often heard that she had never used it. Ms. Xing said that credit cards were usually used for fear of repayment, leaving no credit stains in time, often after spending a few days. The way of using credit cards like her exists in many cardholders. Although it is not possible to forget the potential credit risk caused by repayment, it does not maximize credit cards.

In fact, the credit card interest free period is a major function of credit card, which can help cardholders to tolerate repayment time and reduce financial pressure. How to handle Grace Period Good use is also part of the cardholder's desire to make clear. "The calculation of interest free period should be combined with the day of bill and the consumption date." The Bank of China (2.45, -0.01, -0.41%) Tai'an branch staff said that most bank credit card interest free period is about 50 days, and in fact, it is very difficult to use the longest interest free period. A credit card account is calculated on the 6 day, and on the 7 day, that is, one day after the bill, the cardholder can get the longest 50 day interest free period. It is not until next month that the minimum repayment date is repaid. The cardholder can not repay the loan within 50 days, but it will not be punished by penalty.

If the cardholder is spending the day before the bill, then the consumption is counted in the consumption bill of the month. After second days of the bill, the consumption record is recorded, and the minimum repayment date should be paid before this month. The minimum interest period is 20 days.

In general, it is difficult for the public to concentrate their consumption on the day before the bill, if not necessary, and not deliberately to use the longest interest free period rather than rational consumption, the bank staff said. If there is no repayment before the minimum repayment date, most banks will pay a full penalty. Even if the cardholder is part of the consumption bill, the bank will follow suit. consumption The amount is charged in full.