Friends who have credit cards should be familiar with the credit card repayment date and billing date, but even if they have applied for a credit card, some people still can’t tell the difference between the billing date and the repayment date. clear. Is the credit card repayment date the same as the statement date? Let’s give you a detailed introduction.

Are the credit card repayment date and billing date the same?

The credit card repayment date and billing date are different. The billing date is the date when all consumption in the current period is finally billed. Repayment The date is the date on which the current debt must be repaid. The bill is issued first, and then the repayment amount is determined. The interest-free repayment period of the credit card cycle can be determined based on the time distance between the two dates. Generally speaking, the interest-free period is as short as 21 days and as long as more than 50 days. However, the specific situation shall prevail.

If the credit card bill date is the 15th of each month and the repayment date is the 5th of each month, then the consumption that occurs on the 16th of each month will receive the longest interest-free period, and Consumption that occurs on the 4th of each month is the shortest interest-free period. All consumption before the 15th will have to be repaid before the 5th of the next month, because overdue interest will accrue if it is overdue, and if the repayment grace period is missed, it will be recorded in the central bank's credit system.

The above is the answer to the question of whether the credit card repayment date is the same as the billing date and an introduction to the interest-free period. I hope this answer will be helpful to everyone.