How is the billing date and repayment date of China Construction Bank's credit card calculated?
After the credit card is approved, the customer will have a fixed billing date (attached to the card when the customer receives it) The billing date will be indicated on the card letter, and multiple credit cards must use one billing date). The calculation formula for the billing date corresponding to the repayment date:
1. The billing day is the 1st-10th, and the corresponding repayment date is the billing day 20th, which is the 21st-30th of the month. Tip: If the repayment date is the 29th or 30th of this month, it will be fixed on the 1st of the next month)
2. The billing date is from the 12th to the 28th, and the corresponding repayment date is the bill Day-11 is the 1st-17th of the next month.
Note: The billing date and repayment due date shall be subject to the bill listing
(In case of business changes, please refer to the actual date.)
How to calculate the billing date and repayment date of a credit card
The billing date is the date on which all credit card purchases in the current period are finally billed, and the repayment date is the date when you must repay the credit card debt for the current period. Generally, the repayment date is on About 25 days after the billing date. \Take Bank of Communications as an example. For example, if the statement date of a Bank of Communications credit card is the 4th of each month and the repayment date is the 30th of each month, then credit card purchases made on the 5th of each month will get the longest interest-free period. (approximately 55 days), while consumption occurring on the 4th of each month is the shortest interest-free period (approximately 25 days). All consumption after 4 days must be repaid before the 30th of the next month, otherwise overdraft interest will accrue if overdue. If the minimum repayment amount is not paid, which is 10% of the current bill amount, late payment fees will also accrue. Of course, no interest will be charged for full repayment, that is, it is completely interest-free; but if it is not paid in full, the overdraft interest on the credit card will be very high, with interest of 0.05% being charged every day. \The credit card statement date can be adjusted by the cardholder by contacting the bank. If you are dissatisfied with the date, you can change it by phone or log in to the official website.
How to calculate the billing date and repayment date of a credit card
1. The credit card repayment date of most banks is 20 days after the billing date. For example, your credit card bill date is the 19th, which means that February 20th to March 19th is a billing cycle. If the repayment date is 20 days after the bill date, the repayment date of this cycle is April 8th. If you make a purchase on March 6, it is also within the billing cycle from February 20 to March 19, and the repayment date is April 8. If you consume on the first day of each billing cycle, the interest-free period is the longest, which is 50 days. For example, if you consume on February 20, the repayment date is April 8.
2. For example: My monthly credit card statement is on the 19th, and the due payment is on the 7th. I don’t quite understand, so if I swiped the card on the 6th, does it have to be paid on the 7th? Did you pay it back? When on this date does it take me the longest to pay back the money by swiping my card?
1. Your bill date is: the 19th of every month, which is the day when the bill is issued, which means that you pay the bill on the 19th of each month. For consumption information between the 20th and the 19th of the following month, bill details will be issued to you on the 19th, showing the amount you need to repay.
2. Your repayment date is: the 7th of each month, which is the last day for your repayment. This means that the bills you incurred must be paid in full before the 7th, or the minimum repayment is required. Make repayments, otherwise they will become overdue and affect your credit.
3. The billing date for Bank of China credit cards is one of the 1st to the 28th of each month (users can choose to change the billing date), and the repayment date is 20 days after the billing date. For example, if the bill date is the 5th, the repayment date will be the 25th. In addition, CITIC Bank credit card has a 3-day grace period. If the repayment cannot be made on time, repayment within 3 days after the repayment date will not be considered overdue and will not have an impact on personal credit.
The billing date of China Merchants Bank credit card is not fixed. Different cardholders may have different billing dates, and the repayment date is 18 days after the billing date. For example, if the billing date is the 25th of each month, each bill will record all transactions recorded from the 26th of the previous month to the 25th of this month, and the corresponding last repayment date will be the 13th of the following month. Consumption on the 25th is generally not recorded until the 26th, and will be included in the next period's bill.
4. The interest-free repayment date is 18 days after the China Merchants Bank credit card statement. The interest-free period refers to the period between the bank accounting date and the due repayment date for consumer transactions that can enjoy interest-free treatment when the cardholder repays the entire amount due before the due repayment date (inclusive). If the cardholder has insufficient repayment in the current period, and the unpaid amount does not exceed 10 yuan or 1 US dollar, no additional interest and late payment fees will be charged for consumer transactions that can enjoy interest-free treatment.
How to calculate the credit card repayment date?
Hello, if you hold a China Merchants Bank credit card, the credit card has a specified billing date and repayment date, and the repayment period has a cycle. The "billion date" refers to the accumulated unpaid balances issued by the card issuer to the cardholder every month. It also summarizes the principal amount of consumption transactions, cash withdrawal transaction principal, fees, etc., calculates the interest, and calculates the date on which the cardholder should repay the amount. "Repayment due date" refers to the last date stipulated by the card issuer when the cardholder should repay the entire amount due or the minimum repayment amount (the consumption amount can be repaid before the due repayment date, and the payment must be made no later than the due date). Just pay it back to your credit card before 24:00 on the day of payment). For example: If the 5th of each month is the billing day and the 23rd of each month is the repayment day, then the consumption from the 5th of the previous month to the 4th of this month will be repaid on the 23rd of the month. You can call your credit card to manually confirm the billing date and repayment date of your credit card.
How is the credit card settlement date calculated?
The calculation of the credit card settlement date is generally based on the credit card repayment date, and the 25th day afterward is the settlement date. Generally, it is based on this Regular calculations. The credit card statement date means that the card-issuing bank will regularly summarize and settle the various transactions and expenses that occurred in your credit card account every month, calculate the interest, calculate your total arrears and minimum repayment amount for the current period, and provide you with Mail statement. This date is your credit card statement date. The bill settlement date of each bank is different. The longest is the card swiped just after the billing date, which will be recorded in the next month's bill. The next month's repayment is the longest repayment date. The shortest payment date means that if the card is swiped on the billing day, it will be recorded in this month's bill, and the payment must be made this month, which is the shortest payment date.
Different banks have different interest-free repayment periods. Generally, repayment occurs 20 to 50 days after the bill date, which means that the repayment date is about 20 days after the bill date of the current month. If the bill date is May 23, then if you swipe your card on May 24, you can enjoy the longest interest-free period, and then it will decrease in sequence. After the monthly bill is issued, you must pay off the debt according to the repayment date specified by the bank. That’s it. If you don’t pay off the balance in full, you won’t be able to enjoy the interest-free period.
Your billing date and repayment date can be adjusted through negotiation with your bank. If you find the date troublesome and difficult to remember, you can adjust the date, bind your personal bank card to your credit card, and activate automatic repayment. Loan business, so that there will be no delay in repayment.
For example: Bank settlement is from the 1st to the end of each month. For example, if you make a purchase on November 1st, then the bill for this month will be issued on November 31st (bill date), then You have until December 20th to repay the loan (payment date). All repayments made before December 20th are interest-free. If not, interest and bad records will accrue. If you purchase on November 30th, the repayment date is also December 20th. And so on. As a reminder, the repayment date and billing date are different for each bank. The regulations of each bank are slightly different. The latest payment date is generally pushed back 20 or 24 days after the bill date.
That’s it for the introduction of how to calculate the credit card statement date.