billing date is not a billing cycle.

1. The billing cycle of credit card is referred to as billing cycle, which refers to the period from the previous billing date to the current billing date.

2. billing date means that the issuing bank will regularly summarize and settle all transactions and expenses in your credit card account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and send a statement for you. This date is the billing statement of your credit card.

the repayment date and billing date are fixed, and the bill will be repaid before the repayment date, which is 18 days after the bill date. Your understanding is correct. The consumption on the day of the billing date depends on the settlement time of the merchant. Under normal circumstances, the merchant will settle the account on the second day of your consumption, so the consumption on the day of the billing date will appear on the next bill and enjoy the longest interest-free period.

Extended information

Credit card repayment method:

1. Intra-bank repayment. The repayment methods mainly include: issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment and so on. After repayment, the credit card limit will be restored immediately, and the money will generally be recorded after being processed by the system on the same day.

2. repayment by mobile phone. Mobile phone is a personal payment terminal of mobile financial system, which can be used for direct credit card repayment and transfer. Arrive at the account immediately

3, convenience store repayment. Convenience store repayment is mainly completed through the "Lacarra" smart payment terminal installed in the convenience store. Generally, it takes 2~3 working days to arrive at the account, and no handling fee is charged for repayment in this way.

4. Online repayment. The common online repayment methods in China are: Baidu wallet, UnionPay online, quick money,? Shengfutong, Alipay, Yifubao and so on. Different platforms and banks are selected, and the charging standards and the specific payment arrival time are different.

5. Inter-bank transfer. Inter-bank transfer/remittance repayment is mainly divided into two ways: inter-bank in the same city and inter-bank in different places. No matter how to transfer or remit money, the remitting bank will charge a certain fee, and at the same time, the time of payment and the convenience of repayment are not as good as those in peers, online repayment and convenience store repayment.

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