1. Is the credit card billing date the repayment date?
The credit card billing date is not the repayment date, the billing date is the date the bill is issued. The repayment date is the date of repayment. After the credit card bill is issued, the user can make repayments until the final repayment period of the repayment date. Even without issuing a bill, users can repay in advance.
Early repayment will not affect personal credit, but most people will not choose the minimum repayment in order to enjoy a longer interest-free period. After the credit card statement is issued, the user can check whether the consumption amount is accurate and make sure it is correct before proceeding with the repayment operation. No matter whether you repay in advance or repay on the final payment date, there is no problem.
2. How long is the interval between the credit card issue date and the repayment date?
Under normal circumstances, the interval between the bank credit card issue date and the repayment date is 20 days. For example, if the user's credit card bill is on the 5th, the repayment date is on the 25th. However, in some banks, the interval between the payment date and the repayment date is 18 days, or more than 20 days. The specific standards of the card-issuing bank shall prevail.
The specific regulations of the card-issuing bank shall prevail. Users must pay attention to the bank's account entry rules to enjoy the longest interest-free period. Many people make reasonable use of the interest-free period and choose to debit the account the next day. Then, if they consume on the billing day, the amount will be included in the next bill, so they can enjoy the longest interest-free period.
3. When is the credit card billing date
Strictly speaking, the credit card billing date is not uniform and will vary from bank to bank. On the billing day, the bank will settle the consumption before the billing day, and the consumption on the billing day will not be included in the current bill. The system will summarize fees, etc., calculate interest, and calculate the date on which the cardholder should repay the amount.
The card issuer stipulates that the last date on which the cardholder should repay the entire amount due or the minimum repayment amount is the repayment date. The credit card statement date refers to the cut-off date for the credit card transactions recorded in each statement. Taking China Merchants Bank credit card as an example, the bill is usually issued at 24:00 the day before the bill date.
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