It is better to use the bill later because you can enjoy a longer interest-free period.
The interest-free period for credit card repayments starts from the bank’s debit date to the final repayment date. The debit date is the day when the cardholder swipes the card for consumption, and the final repayment date is when the cardholder should repay the money. The date is usually 20 or 25 days after the bill date.
The billing date means that the card-issuing bank will regularly summarize and settle the various transactions and fees that occurred in your credit card account every month, calculate the interest, and calculate the total amount you owe and the minimum payment for the current period. amount and send you a statement. This date is your credit card statement date.
The credit card statement date for cardholders is the 1st, and the due date for repayment is the 20th. Cardholders made purchases with their cards on November 5th, 12th, and 30th. At this time, the bank will summarize and settle your expenses on December 1st and pass them at the same time.
(Since the bill date usually refers to the day of the bill, the bill data is as of 23:59:59 the night before the bill date. That is, the consumption starting at 0 am on the bill date will be included in the next period Bill.
At the same time, it should be noted that the statement date of each bank is not the same, and some banks also provide the function of modifying the statement date to change your repayment. More flexible.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when purchasing, and the credit card payment will be made on the billing date.
It is divided into credit card and quasi-credit card. Credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card refers to a credit card in which the cardholder pays as required. A quasi-credit card that deposits a certain amount of money as a reserve fund and can be overdrawn within the specified credit limit when the balance of the reserve fund account is insufficient.
2021 Starting from January 1, 2020, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rate will be cancelled. times).
A credit card is a special carrier card with consumer credit issued by commercial banks to individuals and organizations, which can be used to shop and consume with special organizations and deposit and withdraw cash from banks. A card with the name of the issuing bank, expiration date, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.
A real credit card has the following characteristics: Pre-depositing cash is not encouraged, consumption comes first. Repayment, enjoys interest-free payment period, can be repaid in installments (with minimum repayment amount), and joins VISA, MASTER and other international credit card organizations for global use.