How to calculate the 3-day grace period of China Merchants Bank?

The grace period for credit card repayment of China Merchants Bank is 3 days after the repayment date, and users need to complete the repayment before 24: 00 pm on the third day of the grace period. If the repayment exceeds this time point, or the funds have not arrived at this time point, then China Merchants Bank will regard the repayment as overdue. Overdue repayment will produce overdue records and overdue interest, and have a negative impact on personal credit information.

The grace period for credit card repayment of China Merchants Bank is 3 days. Repayment within the grace period is regarded as timely repayment, without interest and liquidated damages, and will not affect personal credit.

The grace period of China Merchants Bank's credit card repayment date can be enjoyed without application, but it is recommended that you repay before the repayment date, which is conducive to maintaining your good credit.

Credit cards usually have a billing date. According to the regulations of China Merchants Bank,18th after the billing date is the final repayment date.

1. After the credit card is overdue, the bank shall not collect it. For the cardholder's early overdue behavior, the overdue time is within 7- 15 days, mainly by SMS. If the cardholder is overdue for more than 30 days or more than one billing cycle, the bank will call for collection and remind him to repay, but this call is usually made directly to the cardholder, not to the cardholder's family.

2. As for how long it takes to call home, usually when the cardholder is overdue for more than 30 days, the bank can't collect the money and can't contact the cardholder, the bank will turn to the cardholder's family to find a breakthrough, that is, call home and tell the cardholder to repay as soon as possible, but some banks will ask the cardholder's family to repay for the cardholder.

3. Especially for the spouse of the cardholder, the bank may ask the other party to repay the cardholder, which is allowed by law. The property acquired during the marriage relationship belongs to the husband and wife jointly, and accordingly, the debts incurred are also shared by the husband and wife.

4. In addition, the cardholder's overdue behavior will also affect the spouse's credit information. If one of the spouses is overdue, it may be affected when applying for a loan when buying a house or car in the future.

Legal basis:

Measures for the supervision and administration of credit card business of commercial banks

Article 70 Under special circumstances, if it is confirmed that the amount owed by a credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank may negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

The contents of personalized installment repayment agreement shall at least include:

(a) the balance, structure and currency of the arrears;

(2) the repayment period, method, currency, date and repayment amount of each installment;

(three) whether to charge annual fees, interest and other fees during the repayment period;

(4) The cardholder shall not apply for a credit card from any bank before all the funds related to the personalized installment repayment agreement are settled;

(five) the rights and obligations of both parties and the liability for breach of contract;

(6) Other matters related to repayment.

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, except that the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Records shall be kept at least until the date of settlement of arrears.