What are the billing dates and repayment dates for ICBC credit cards?

The repayment date for ICBC credit cards is the 25th day after the statement date. The billing date is fixed as the last day of each month, and the repayment date is the 25th day after the billing date, that is, the 25th of each month.

That is to say: September 1st-September 30th is a billing cycle , the card consumption in this cycle will generate a bill on October 1st, and October 25th is the final repayment day. October 1st to October 31st is a billing cycle. Card consumption in this cycle will generate a bill on November 1st, and November 25th is the final repayment day. Therefore, if you swipe the card on the bill date, the interest-free period will be the shortest, only 25 days (swipe the card on September 30, and repay on October 25). If you swipe the card on the bill date, the interest-free period will be the longest, 56 days (October 1). Swipe the card and repay on November 25th).

Friends who often use credit cards should know that there are two very important dates for credit cards, one is the billing date and the other is the repayment date. Cardholders must remember these two days and make reasonable use of them. date, which can bring great convenience to cardholders. Today let’s talk about how to set these two dates.

1. Billing date and repayment date

Billing date: refers to the card-issuing bank’s regular monthly summary and settlement of various transactions, expenses, etc. that occurred in your credit card account in the current period. , calculate the interest, calculate your current total arrears and minimum repayment amount, and send you a statement. This date is your credit card statement date.

Repayment date: refers to the last date when the card issuing bank (or institution) 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.

The interest-free period of each bank is different, but they are generally the same. The shortest is from the bill date to the final repayment date, and the longest is from the day after the bill date to the last repayment date of the next month. If the bill date is the 1st and the final payment date is the 20th, the minimum is 20 days and the maximum is 50 days.

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.

After the bill comes out, if the cardholder has not repaid by the final repayment date, then all consumption payments will no longer enjoy the interest-free repayment treatment, and the bank will start from the day when the consumption occurs. Interest will be calculated on the principal amount on a daily basis, with a daily interest rate of 0.05%, and compound interest will be calculated on a monthly basis.

If it is true that you cannot repay in full due to financial problems on the repayment date, you can choose the minimum repayment or repay in installments. Although there is no interest-free period, it will not affect your credit score.

2. Why do you need to modify the billing date?

1. If you have too many cards, you need to manage the cards reasonably to get more interest-free dates from the bank. If the billing date and repayment date are not planned well and are set on the same day or a similar date, it will be quite detrimental to the flow of funds. In addition, if the repayment dates are too concentrated, the repayment pressure will be quite high.

2. If you don’t have money for repayment temporarily, you can extend the repayment date by modifying the bill date. Many cardholders have this situation. The credit card bill date and repayment date specified by the bank are not the same. Ruyi, such as repaying the loan before wages are paid, is indeed a very sad thing.

But in fact, the billing date and repayment date of a credit card can be modified. According to your actual situation, modify it to the most reasonable date, which not only can meet emergencies, but also facilitates the allocation of funds in hand. It should be noted that there is a big limit on the number of modifications. Many banks can only modify it once a year.

3. How to skillfully set the repayment date?

Let’s take an example: Assume that the bill date is the 5th of each month and the repayment date is the 25th of each month. When a cardholder makes a purchase on January 6, the cardholder will enjoy an interest-free period of up to 50 days.

Suppose the cardholder has two credit cards, and when card B issues a bill, it happens to be the time when card A needs to repay. Then when card A issues a bill, it also happens to be the repayment time for card B. In this way, you can not only make it easier to remember to repay without causing overdue payment, but also enjoy the interest-free period to the maximum extent.

Suppose the cardholder has three credit cards, and when the bill for card B comes out, it is the day when card A needs to repay. When the bill for card A comes out, the repayment time for card C will also be faster.

If the cardholder has four credit cards, theoretically, the billing dates for the four cards can be the 5th, 10th, 15th, 25th, and so on for more cards.

I would like to remind everyone that it is not recommended for ordinary people to apply for too many credit cards, especially young people. Having 2 to 3 cards is enough. If your financial conditions are relatively good, you can set the billing dates of several cards to the same day. This will not only make it easier to remember, but also the repayment dates.

Of course, the credit card billing dates of each bank are different, and the billing dates and repayment dates of different accounts in the same bank are also different. So at this time, you only need to call the bank’s customer service number or apply for modification at the bank counter.

IV. Notes

1. Although it is said that the bill can be modified, it does not mean that it can be modified casually. Some banks stipulate the days when the bill needs to be modified. Before modifying it, you must ensure that there is no debt. There is no installment.

2. Most bank statement dates can only be modified once a year, some banks can only modify it once every six months, and some can only modify it once in a lifetime, so you should understand it clearly beforehand.

The maximum repayment period for ICBC credit cards

The interest-free repayment period starts from the statement date to the due payment date. The maximum repayment period for ICBC credit cards is 56 days. The minimum is 26 days, and the longest interest-free period can be enjoyed by swiping the card on the 1st of each month. The bill date for ICBC credit cards is uniformly the end of the month, which is the last day of the natural month. For example: the billing date for March is March 31st; the billing date for April is April 30th. The repayment due date for ICBC credit cards is the 25th day after the statement date, which is the 25th of the next month.

Cardholders can repay according to the minimum repayment amount stipulated by the card issuer, which shall not be less than 10% of the overdraft balance. If the cardholder fails to repay in full before (inclusive) the due repayment date, he will not enjoy the interest-free repayment period; the interest on the repaid part will be calculated from the overdraft transaction date to the repayment date, and the unpaid part will be calculated from the date of the overdraft transaction to the repayment date. Interest will continue to accrue on the overdraft transaction day. Overdraft interest is compounded monthly.

If you fail to repay the minimum repayment amount before the end of business on the due repayment date, in addition to paying overdraft interest according to the above interest calculation method, you should also pay 5% of the unpaid portion of the minimum repayment amount. Late payment fees. If you fail to repay the minimum repayment amount in full before the end of business on the due repayment date for more than two consecutive times (inclusive), the card issuer has the right to stop using the card.

Information required for industrial and commercial credit card application: 1. Identity documents: a copy of the applicant’s ID card or military officer’s ID card; Hong Kong and Macao residents must provide a copy of their pass; Taiwan residents must provide a copy of their Taiwan Compatriot Certificate; other foreigners Please provide a copy of your passport. 2. Work certificate and income certificate: copy of work permit or work identification card or original work certificate stamped with the official seal of the unit; salary records issued by the bank in the past three months (copy of salary card statement) or personal income tax withholding certificate Copy or original income certificate issued by the unit. 3. Educational background, professional titles, professional qualification certificates, self-owned real estate certificates, self-owned car driving licenses, copies of ICBC time deposit receipts, and any original receipts for telephone, water, electricity, and gas bills in the past three months in the current place of residence, Other bank credit card supporting documents (originals of the last three statements), etc.

How to calculate the repayment date of ICBC credit card

The repayment date of ICBC credit card is calculated based on the statement date. Previously, the ICBC credit card statement date was the end of the month, which was the last day of the calendar month. For example: the billing date in March is March 31st; the billing date in April is April 30th. The repayment due date for ICBC credit cards is the 25th day after the statement date, which is the 25th of the next month.

Now ICBC has added 19 new billing days, ranging from the 8th to the 26th. You can adjust the billing date to any specified day according to your personal preferences, but you can only apply for adjustment once a year. For example, if you changed your billing date in May this year, you will not be able to apply for adjustment again until May 1 next year.

The interest-free repayment period starts from the statement date to the due payment date. The longest interest-free period for ICBC credit cards is 56 days and the shortest is 26 days. You can enjoy the longest interest-free period by swiping your card on the 1st of each month. Interest-free period.

There are three ways to query the credit card bill date and repayment date. You can try the following operations:

1. Open the official website of the Credit Card Center, log in to the credit card online banking, and you can see it on the bill query page. Billing date and repayment date;

2. Call the customer service number of the credit center, answer the call and enter the phone banking password according to the voice prompts. After passing the identity verification, transfer to a manual agent to check the repayment date and billing date;

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3. Mail the card when you apply for a card. The bank will include a credit card user guide in the envelope, which will introduce the credit card limit, repayment date and billing date.