billing date means that the issuing bank will regularly summarize and settle all transactions and expenses in your credit card account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and send a statement for you. This date is the billing statement of your credit card.

the billing date of the cardholder's credit card is the 1st, and the due repayment date is the 2th. Card friends made credit card purchases on November 5, 12 and 3, and then the bank account one-day bank will summarize and settle your expenses on December 1, and pass them at the same time. (Since the billing date usually indicates the billing date, the billing data is as of 23:59:59 on the night before the billing date. That is, the consumption starting at : am on the billing day will be included in the next bill. Note: As the information in the brackets above has not been confirmed by all banks, it is recommended to confirm with your own issuing bank first.) At the same time, it should be noted that the billing date of each bank is not the same day. And for the billing date, some banks also provide the function of modifying the billing date to make your repayment more flexible.

repayment date refers to the latest date when the card-issuing bank (or institution) requires the cardholder to repay the payable amount.

for credit card non-cash transactions, the date from the bank bookkeeping date to the due repayment date is the interest-free repayment period. The interest-free repayment period varies according to the regulations of each bank. The shortest period is from the billing date to the final repayment date, and the longest period is from the day after the billing date to the final repayment date of next month. If the billing date is 1 day and the final repayment date is 2 days, the shortest is 2 days and the longest is 5 days.

during this period, you don't have to pay the interest on any non-cash transaction (you don't enjoy the interest-free discount if you borrow cash in advance) as long as you pay off the current payable amount on the current statement in full.

The due repayment date is also called the final repayment date. If you don't repay in full before the due repayment date and you don't choose the minimum repayment amount by credit card, then you may face the following penalties:

1. All consumption funds no longer enjoy the interest-free repayment treatment, and the bank will calculate the interest on a daily basis with the consumption amount as the principal, with a daily interest rate of five ten thousandths and compound interest on a monthly basis;

2. Receiving a call and a letter from the bank;

3. Freeze your account and feed back your arrears record to the People's Bank of China and record it in your credit file, which will affect your personal credit;

if you really don't have enough money to repay in full on the due repayment date, please choose the minimum repayment amount by credit card, and only 1% of the total expenses will be repaid in this way, so that although there is no interest-free repayment period, personal credit will be avoided.