If you use a credit card to make purchases after the bill date, it will be included in the bill due next month, which means that repayment will not be required until the bill is issued next month. But if you spend money on the statement date, it depends on the bank's regulations. If the bank records the account quickly, the consumption on the statement day may be directly included in the current month's bill. However, some banks record the account slowly, and the consumption on the statement date will be included in the next month's bill, such as Bank of Communications. Therefore, it is still recommended that you understand the bank's policies in advance, or use your card to make purchases the day after the statement date to avoid overdue payments due to different bank regulations.

1. What is credit card payment?

The credit card issue date refers to the date when the bank sends the credit card statement to the cardholder. After the issue date is determined, the credit card repayment date will be 20 days later. Only the amount that has been recorded on the account date needs to be repaid, and the part that has not been included in the current consumption bill does not need to be repaid in the current period. At the same time, you can enjoy interest-free discounts when you repay between the account date and the repayment date.

For example, if the credit card payment date is the 3rd, then the 23rd is the repayment date. If you repay the loan between the 3rd and the 23rd, no interest will be charged on the repaid amount. The 23rd is the last repayment day. Repayment after this day will be considered as overdue repayment. However, most banks have time tolerance services, and full repayment or installment repayment within 3 days after the last payment date can be counted as normal repayment.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Credit card statements are issued on billing day, and you will generally receive an electronic statement or mobile phone text message the next day. There are two important dates for credit cards: billing date and repayment date