Credit card repayment time is generally on the repayment date of each month, and the repayment date is determined according to the bill date. Generally, a bank's credit card will have multiple billing days, and the cardholder can choose one of them as his own billing day. Generally, the 20th day after the bill date is the repayment date, and the cardholder only needs to repay in the credit card memory in time before the repayment date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit.

Credit card advantages: 1. You can spend money without overdraft, and you can enjoy an interest-free period of 20-56 days to repay the principal and interest on time without charging any fees. 2. It is not only safe and convenient to swipe your card when shopping, but also a bonus gift. 3. Special merchants who hold cards in banks can enjoy preferential treatment.

Disadvantages of credit cards: 1. Credit cards are blindly consumed, unlike paying cash in a lump sum. I don't feel anything when I brush. A few figures lead to blind consumption and spending money like water. 2. Excessive consumption of notebooks, digital cameras and smart phones by stages. While enjoying your favorite items in advance, you should also consider whether you can repay them.