I can’t understand the ICBC credit card statement. No matter how I calculate it, it’s wrong. See the attached picture. Does anyone know how the monthly bill amount is calculated?

The green word is consumption, which is the money you spend. The red letter is a refund, which is equivalent to a repayment and can be offset against your consumption. Add up all purchases minus refunds to get the total bill. [img]

How to read credit card statements?

Credit card statement: The card-issuing bank will print a statement with the card details every month and send it to the cardholder, stating the consumption amount and payment deadline. Cardholders should first carefully check whether the statement and the retained signature are consistent. If there is any discrepancy, they can notify the bank and suspend the payment of the fee. If the bank finds after reviewing the signature that the cardholder has forgotten it, the bank will charge a handling fee for recalling the signature. Cardholders can also use statements to manage their finances and record their consumption. If your address changes, don't forget to notify the card issuer as soon as possible and change your billing address to avoid not receiving the bill and incurring interest payments for delayed payment, which will affect your rights.

The first step in using a credit card is to understand the various data on the statement.

The "Amount Payable in the Current Period" is the amount to be paid on a due repayment date. There will also be a column "Minimum Repayment Amount" next to it, which is usually 10% of the amount payable. People may mistakenly think that this is an "interest-free" discount provided by the bank, and assume that they will repay according to the "minimum repayment amount". As a result, they will be charged recurring interest.

The "minimum repayment amount" is prepared for those who are unable to repay the full amount. Once the minimum repayment amount is repaid, the "revolving credit" of the credit card will be used, and the bank will pay for all outstanding debts. Interest will be levied on the payment from the recording date, and you will not be able to enjoy the interest-free repayment discount for the current period. The daily interest rate is 0.5%, which translates into an annual interest rate of up to 18%! So don’t use the “minimum repayment amount” unless absolutely necessary.

"Cash advance limit" refers to the limit that the bank authorizes the cardholder to withdraw cash from the ATM machine. Generally speaking, the cash advance limit can be set according to the cardholder's card use needs, which is included in Within the total overdraft limit of your credit card. Unlike a debit card, you need to pay interest when using a credit card to withdraw cash within the "cash advance limit", which is about five ten thousandths per day. In addition, some banks also require payment of handling fees, so it is recommended to understand it clearly before using a credit card to withdraw cash. Charge status.

There are four dates to distinguish when using a credit card: transaction date, bank accounting date, statement date, and repayment due date.

Transaction date: refers to the date when the customer actually swipes the card for consumption, cash withdrawal or transfer.

Bank posting date: refers to the date when the bank records the transaction in its account. It takes time for the store's card swiping information to be transmitted to the bank. There is generally a certain time difference for overseas purchases, so the transaction date and accounting date in the bill will be different.

Billing date: refers to the date when the bank "calculates the general ledger" of credit card transactions each month.

Repayment due date: You must repay before this date. If you exceed this period, interest and other related fees will be charged on the amount owed in the current period.

I can’t understand the credit card statement

To understand the credit card statement, you need to understand its contents. The dates on the credit card statement include: transaction date, bank statement date, statement date, and payment due date.

You can directly go to the rural credit cooperative with your ID card to check detailed bills. You can register for personal online banking, so that you can directly log in to online banking to check your detailed bills for a period of time. Telephone inquiry is a relatively simple and convenient way of inquiry. Cardholders only need to call the customer service number of the local rural credit cooperative and follow the voice prompts to make inquiries.

First of all, sir, you can go to the counter to check with your ID card and credit card. This is a stupid method, but it is also the most convenient for people who don’t know how to operate. The staff at the counter will help you check. All you need to do is sign. You can check in online banking. If the cardholder has activated the online banking function of the bank card he holds, he can directly log in to the personal online banking on the Rural Commercial Bank website to make bill inquiries. My mother usually asks me to check online for her, as long as I have a computer at home. The last way is to inquire by phone. You can call the Rural Commercial Bank customer service hotline to inquire about your bill. The staff of the Agricultural Bank of China will tell you your bill usage. If you have other questions, they will also help you deal with them.

I can’t read the Bank of China credit card statement

Bill date: the date when transactions are summarized and interest is calculated during the monthly statement cycle.

Repayment due date: the last date for repayment of the current bill.

Minimum repayment amount for this period: The minimum repayment amount (also called the minimum repayment amount) is when the cardholder has difficulty repaying all the amount payable before the due payment date (inclusive). You can repay according to the minimum repayment amount on the bill without affecting your credit status, but you cannot enjoy the interest-free repayment period. Limit description column: including credit limit, available balance, available installment balance, etc.

Balance description column: Calculation instructions for the balance of the current period. Balance of the current period = bill amount of the previous period + total expenditures - total deposits.

Automatic repayment activation prompt: After activating automatic repayment, we will display prompt information on the bill and provide the associated deduction account for your verification. Please ensure the balance of the associated account one day before the due repayment date. Sufficient, and the card and account status are normal so that the bank can automatically debit the funds.

Transaction details column: Detailed information on transactions that occurred in this period, including transaction date, accounting date, last four digits of ++, transaction description, transaction amount, etc.

Points information: Prompts your points accumulation and usage.

Billing information: various card usage tips, promotions and other latest credit card usage tips.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

This is the end of the introduction about the inability to read credit card statements and the inability to understand China Construction Bank credit card statements. Did you find the information you need?