Do I need to pay interest and late fees during the 3-day grace period for credit card repayment?

Pay back the credit card within 3 days grace period, without paying interest and late fees.

Detailed description:

1. The grace period of the credit card means that the bank will not punish the overdue repayment for a period of time after the repayment is due. This grace period is usually 3 days.

2. Repayment within the grace period, the bank does not charge interest and late fees. Because repayment within the grace period is counted as timely repayment, there is no overdue situation.

3. If there is no repayment beyond the grace period, according to the regulations of the bank, interest and late fees will be incurred.

Summary:

If the credit card repays within the grace period of 3 days, there is no need to pay interest and late fees. However, if there is no repayment beyond the grace period, the bank will charge the corresponding fees according to the regulations.

Extended data:

In addition to interest and late fees, overdue repayment may also have a negative impact on personal credit records, reduce personal credit rating, and affect future loan and credit card applications. Therefore, timely repayment is very important. If the repayment cannot be made on time due to special circumstances, it is recommended to communicate with the bank to avoid the adverse consequences caused by overdue.

Note: The above information is for reference only and is subject to the bank's policies and agreements. For special circumstances or specific terms, it is recommended to consult the customer service staff of relevant banks or financial institutions.