Extended data:
The billing date means that the issuing bank will regularly summarize and settle all the transactions and expenses of your credit card account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and send a statement for you. This date is your credit card bill.
The repayment date refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. In other words, after the issuing bank issues the bill, you should pay off all the expenses you have consumed before the due repayment date.
Credit cards usually have an interest-free period of about 50 days. After consumption, the cardholder does not need to repay immediately, as long as he repays before the last repayment date.
There is a saying that a bank that repays in advance may feel that the cardholder's credit and strength are good, thus increasing the credit card limit.
In fact, for banks, whether they repay a few days in advance or on time, it has little impact on the withdrawal amount.
However, this situation is not ruled out. For example, the bank recently introduced a quota, one often repays on the repayment date, and the other often repays a few days in advance. The bank naturally gave the quota to the latter.
For card-issuing banks, in addition to a series of costs such as products, operations, marketing and equipment, there is also a cost of capital. From this perspective, banks should hope that cardholders can repay as soon as possible.
After handling the credit card installment business, you need to repay according to the amount payable in each installment. Even if there are enough funds, it is not recommended for cardholders to repay the installment arrears in advance. On the one hand, the prepayment fee is charged, so the prepayment fee will not be saved.
On the other hand, in the bank's view, this is more likely to be the cardholder's breach of contract, and even the cardholder has to pay liquidated damages.
As long as it can be recorded before the repayment date expires, there is nothing wrong with it. The bank looks at the cardholder's last repayment time, not the operation time.
Therefore, it involves the issue of the time when funds are recorded, especially when cardholders use third-party platforms to repay, and the possibility of delay in recording is not ruled out.
Therefore, in order to ensure timely repayment, it is recommended to repay a few days in advance to avoid repayment on the last day.