1. Billing date The billing day is the day when the bank issues a bill to you. This bill indicates your consumption last month and the repayment status of the current bill.
2. Last repayment date The bank gives you the final repayment period. You must pay the minimum repayment amount at least before this day, otherwise it will be regarded as overdue, which will affect your personal credit.
3. The interest-free period is a period between the bill date and the final repayment date. During this period, you can enjoy the interest-free credit card service. This interest-free period can be long or short. The shortest is If there are 18 days, the maximum length can be 56 days.
4. Installment repayment If you spend too much money with your card and cannot repay it, you can choose this method of repayment, that is, evenly distribute the amount of debt to each month. You only need to Just pay a small handling fee to the bank, and you won't be charged interest.
5. The minimum repayment amount required every month is basically about 10% of the bill amount. If you repay in this way, the unpaid part cannot be exempted. During the interest period, the bank will charge interest based on a certain proportion.
6. Full repayment means repaying all the debts in this period. This way is best.
7. Cash advance is actually cash withdrawal. You can withdraw credit card money through an ATM machine or counter. The cash withdrawal limit is generally about 50% of the credit limit. Cash advance loans require handling fees and interest calculations, which is very uneconomical.
8. Overdue repayment If the minimum repayment amount is not paid on the final repayment date, or you forget to repay, then it is overdue. Late payments will result in bad credit and high late fees.
9. Time difference refers to the repayment grace period. The number of days specified by each bank is different. Generally, it does not exceed 3 days. That is, if the repayment is made within 3 days after the final repayment date, it will not be considered overdue.
10. Overpayment is the money that exceeds the credit limit. Sometimes it is the overpayment, and some cardholders will deposit money into their credit card. It is easy to deposit the overpayment, but it is troublesome to withdraw it. Some banks stipulate that there is a handling fee for withdrawing the overpayment, which is really a waste of money~! !
11. Annual fee As long as your credit card is activated, the bank will charge a fee at a fixed time every year. This fee varies according to the card type, such as regular card and gold card. The annual fee can be reduced or exempted for the following year if you use it up the number of times in one year.