Credit card repayment is calculated from the statement date to the repayment date. The maximum repayment time varies from bank to bank. For example, the longest repayment time for Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Hua Xia Bank, and Rural Commercial Bank is 56 days; the longest repayment time for Bank of China, China Construction Bank, Postal Savings Bank, CITIC Bank, and China Merchants Bank is 50 days. . The maximum repayment time for a credit card is at least 50 days, but not everyone can enjoy such a long repayment time. This is determined by the cardholder's credit card swiping time and payment time. To sum it up in one sentence: Swiping the card on the billing day determines the length of repayment time, that is, when the consumption on the billing day is recorded in the account, which can be divided into two situations: the same day and the next day.
To make reasonable use of the functions of credit cards and meet the daily needs of convenient and fast card use, we need to understand the concepts of bank card statement date, accounting date and interest-free period.
1. The billing date is a date randomly generated when applying for a credit card. On this date every month, the bank summarizes the transactions and expenses (including interest) that occurred in the credit card account in the current period, and settles the total amount owed on the bill. payment amount and minimum payment amount, and send a statement. When users apply for a credit card, they will get a random billing date. Generally, the billing date for bank credit cards is from the 1st to the 20th of each month. The final repayment date is 19 days after the billing date. Different banks have different regulations on credit card statement dates. Some banks fix certain days as statement dates, some banks determine your statement date based on your birthday, and most banks generate statement dates at random.
2. The repayment date refers to the last date when the bank or card issuer requires the cardholder to return the amount due.
3. The period from the bank accounting date to the repayment date is the interest-free repayment period. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the bill date to the last repayment date, and the longest is from the day after the bill date to the last repayment day of the next month. If the bill date is the 1st and the final repayment date is the 20th, the minimum is 20 days and the maximum is 50 days. Currently, the longest interest-free periods are: Bank of Communications, Industrial and Commercial Bank of China, and Agricultural Bank of China, with 56 days.