Billing day: Billing day is the date when the bank summarizes all transactions of the cardholder's credit card in the current period, and calculates the interest according to the summarized amount, and then calculates the total amount owed by the cardholder and the minimum repayment amount in the current period. Repayment date: the repayment date is the financial date when the cardholder repays the due amount, and the cardholder should pay off all the due amount before this date. For example, if the billing date of a credit card is the 3rd of each month and the billing date is the 23rd of each month, then the credit card consumption of 65438+ from1October 4th to February 3rd will arrive on February 3rd and can be repaid before February 23rd. From February 4 th to March 3 rd, you can spend money by credit card, arrive on March 3 rd, repay before March 23 rd, and so on. First of all, if you have to pay off all credit card spending before the repayment date stipulated by the bank, you can enjoy the interest-free period; Secondly, credit card withdrawal consumption cannot enjoy interest-free period. From the date of cash withdrawal, five ten thousandths of the cash withdrawal amount will be charged as interest, and a cash withdrawal fee will be charged for each cash withdrawal; Finally, if the minimum repayment amount is not enough on the final repayment date stipulated by the bank, besides the interest-free period, personal credit information will also produce overdue records. The bank will form a bill for the current repayment and notify it. The bill formation date is the bill date. At the same time, the bank will not require immediate repayment, but will give a buffer period, generally 20 days (according to the standards set by the bank), and the deadline of this period is the repayment due date. You can enjoy interest-free treatment if you repay in full within 20 days or choose the minimum repayment amount of credit card, but the interest is overdue. Bookkeeping date refers to the date when the consumption amount is recorded, and repayment date refers to the latest date when financial institutions require users to return the payable amount. Therefore, the payment date and repayment date are two concepts in themselves, and they will not be the same day. Users can choose to repay on the account date, but the interest-free day will be reduced. If you choose to repay on the repayment date, you can extend the interest-free period.