Refers to the interval between the credit card statement date and the repayment date.

1. The credit card billing cycle generally refers to the interval between the credit card billing date and the repayment date. When repaying a credit card, there are two dates involved. One is the credit card statement date, which refers to the day when the bank records the previous consumption account. There is also the repayment date, which refers to the cardholder’s obligation to repay the consumption amount included in the bill for the current period. If the arrears are not paid off at this time and the arrears are not paid within the repayment grace period, this will cause Late payment.

2. The billing date is the date when the card issuer regularly summarizes and calculates all transactions and expenses incurred in the cardholder's credit card account in the current period, settles interest, and calculates the amount payable by the cardholder in the current period. All consumption from the previous billing day to the current billing day will be recorded in the current bill, but consumption on the billing day will be included in the next bill. The credit card repayment date refers to the date when the bank balance needs to be paid off in the current month. Overdue interest will be accrued. The interest-free repayment period is from the bank statement date to the due payment date. The interest-free repayment date is generally 20 days, and the longest is 50 days. Of course, the number of interest-free days varies depending on the month.

3. The interest-free repayment period on the repayment date varies according to the regulations of each bank. The shortest is from the promissory note date to the last repayment date, and the longest is from the second day of the promissory note date to the last repayment date of the next month. If the settlement date is 1 day and the last payment date is 20 days, the minimum is 20 days and the maximum is 50 days. During this period, as long as you pay off the accounts payable on the current period's statement, you do not have to pay interest on any non-cash transactions that the bank prepays to the store.

: The billing date is your monthly settlement date. For example, if your bill date is the 1st, then your consumption for the entire month from the 1st of the previous month to the 1st of this month will be calculated for you on the 1st of this month and the bill will be sent to you. After the 1st, you can repay according to the bill, and at the latest before the final repayment date, you can also pay the minimum repayment if you cannot repay in full. This will not affect your credit record, but you still have to pay the minimum repayment. If so, you will have to pay a lot of interest.

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