How to calculate the credit card repayment date?

Different banks calculate the credit card repayment date in different ways. Generally, it can be divided into two situations: 1. It is clearly stipulated that one day of each month is The interest-free deadline is the period from the consumption date to the deadline. For example, ICBC’s Peony Credit Card stipulates that the billing date is the last day of the month and the repayment date is the 25th. For example, if a user makes a purchase on January 1st, he or she can repay the payment by February 25th at the latest, enjoying the longest 56 days interest-free period.

2. The cardholder sets a billing date, and then sets the latest repayment date based on the billing date. The interest-free period is the date between the consumption date and the latest repayment date.

If the bank stipulates that the credit card repayment date is how many days after the statement date. For example, the repayment date for China Construction Bank, Bank of China, CITIC Bank, etc. is 20 days after the credit card statement date. The repayment date for Bank of Communications and Agricultural Bank of China credit cards is 25 days after the statement date. For example, the Agricultural Bank of China credit card statement date is 10 days, then the repayment date is It's the 5th.

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to repay the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date. In fact, the repayment due date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

How to calculate the credit card repayment date

Hello, if you hold a China Merchants Bank credit card, the credit card has a specified billing date and repayment date, and the repayment has a cycle, "Billing Date "Refers to the date when the card issuer summarizes the cardholder's accumulated unpaid consumption transaction principal, cash withdrawal transaction principal, fees, etc. every month, calculates interest, and calculates the amount the cardholder should repay. "Repayment due date" refers to the last date stipulated by the card issuer when the cardholder should repay the entire amount due or the minimum repayment amount (the consumption amount can be repaid before the due repayment date, and the payment must be made no later than the due date). Just pay it back to your credit card before 24:00 on the day of payment). For example: If the 5th of each month is the billing day and the 23rd of each month is the repayment day, then the consumption from the 5th of the previous month to the 4th of this month will be repaid on the 23rd of the month. You can call your credit card to manually confirm the billing date and repayment date of your credit card.

How to calculate the credit card settlement date

The calculation of the credit card settlement date is generally based on the credit card repayment date and the 25th day is the settlement date. Generally, this rule is followed calculate.

The credit card statement date means that the card-issuing bank will regularly summarize and settle the various transactions and expenses that occurred in your credit card account every month, calculate the interest, and calculate the total amount of debt you owe in the current period and the minimum amount. The repayment amount will be mailed to you. This date is your credit card statement date.

For more information about how the credit card settlement date is calculated, go to: View more content

How is the credit card repayment date calculated?

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to repay the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date. The due payment date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

Credit cards from different banks have different calculation methods. There are generally two types:

First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from consumption. The date between the day and the due date;

The second is to set a single day by the cardholder, and then set the latest repayment date based on the bill date. The interest-free period starts from the consumption date. to the latest payment date.