1. The meaning of the credit card statement date:
It means that the card-issuing bank will regularly summarize and settle the various transactions, expenses, etc. that occurred in the user's credit card account in the current period every month, and make the final calculation. For interest, calculate the total amount owed for the current period and the minimum repayment amount, and mail the statement. This date is the statement date. It refers to the day when the card-issuing bank charges, settles and accrues interest on your account transactions every month. The bank will calculate the amount of your current debt and send you a statement. This is the day when the bank reminds you that you owe a debt and will tell you how much money you have to pay back before the repayment date.
2. The meaning of credit card repayment date:
It refers to the last date when the card issuing bank requires the cardholder to return the amount due, also called the final repayment date. For non-cash transactions with credit cards, the period from the bank recording date to the due repayment date is the interest-free repayment period. Refers to the last date the card issuing bank requires the cardholder to return the amount due. This is the deadline the bank tells you to pay back the money. You must pay back the money according to the bill before this day.
The period from the bank accounting date to the due repayment date is the interest-free repayment period. For example: the bill date is 25 and the repayment date is 15. If the payment is made on 8.25, the interest-free period is the shortest, with a 20-day repayment period (8.25 payment, 9.15 payment); if the payment is made on 8.26 on the first day after the bill date, the interest-free period is the longest, with a 50-day repayment period (8.26 payment) , 10.15 yet). It should be noted that there is an interest-free period only for card purchases, but there is no interest-free period for cash withdrawals.
To put it simply, the bank will form a bill for your current repayment and notify you. The date when the bill is formed is the statement date. At the same time, the bank will not require immediate repayment, but will give you a The buffer period is usually 20 days (according to the standards set by each bank), and the end of this period is the repayment due date.
If the cardholder pays off the bill amount before the repayment date, there will be no overdue problem. If it is a cash withdrawal, the cash withdrawal will not enjoy the interest-free discount. If it is true that you cannot repay in full due to financial problems on the repayment date, you can choose the minimum payment or installment repayment. Although there is no interest-free period, it will not affect your credit score.
If your bill date is the 20th of each month, the 20th is the day when the bill is issued. The consumption information between the 21st of each month and the 20th of the following month will be on the 20th. The bill details will be issued to you every day, showing the amount you need to repay;
Your repayment date is the 8th of each month, which is the last day for your repayment, which means that the bills you incurred must be on the 8th of each month. Repay in full before the 8th, or repay according to the minimum repayment, otherwise it will be overdue and affect your credit;
Assume that the bill has come out on January 20, and you have to pay the bill on January 21 If you spend 5,000 yuan a day, your bill on February 8 will show a debt of 5,000 yuan, and you must make full or minimum repayment on March 8. From January 21st to March 8th, this is your longest interest-free borrowing period, nearly 50 days apart.
The above is about the credit card statement date and repayment date. Although credit cards are very convenient to use, you still need to develop a good and reasonable consumption concept and do not spend excessively in advance.