Credit card repayment time

The credit card repayment period is generally 20 or 25 days after the bill date. However, this repayment date is the final repayment date. Even if the consumption amount is not recorded in the account, users can choose to repay in advance. Therefore, the repayment period of a credit card is more about informing the user of the final repayment time, and the user must complete the final repayment on the repayment date.

The repayment time of a credit card can be divided into the following two time periods:

Normal repayment time

From the credit card statement date to the last repayment date , which is the normal repayment time of the credit card. Repayments during this period are all normal repayments.

It is recommended to repay the loan two to three days before the repayment date. If the repayment time is too early, the interest-free period provided by the bank will be used too little and it is not cost-effective;

If the repayment is too late, especially on the repayment date, it may be due to busy work Forgetting to repay due to other reasons,

or funds not arriving in time, may cause overdue repayment and form an overdue record.

Early repayment time

Any repayment before the bill date is considered early repayment. If it is not due to special reasons, it is recommended that you do not need to repay the loan in advance.

Some cardholders believe that early repayment will help the bank increase their credit limit. In fact, this idea has no factual basis.

The interest-free period provided by the bank can be used normally. As long as you repay before the repayment date, there is no need to repay too early.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

When is the best time to repay a credit card?

The best time to repay a credit card is the last payment date. Although most credit cards have a grace period for repayment, it is recommended that users repay on the repayment date unless there are special circumstances. Paying off the loan on the due date can avoid overdue credit cards and enjoy a longer credit card interest-free period. In addition, paying off your credit card on time will also help you build a good credit record. The credit card repayment date cannot be adjusted, but users can adjust the billing date. After the billing date is adjusted, the repayment date will change accordingly.

: ICBC Credit Card: The billing date for ICBC Credit Card is the end of each month, that is, the 30th or 31st, and the repayment date is the 25th of the following month. Assume that you consume on the 1st of the month and repay on the 25th of the following month. You can enjoy an interest-free period of up to 56 days. ICBC's billing date and repayment date are fixed, which is better than other banks. Other banks do not have fixed billing dates and repayment dates. ICBC credit card installment payment is divided into 3, 6, 12, 18, and 24 installments. The amount of each installment is the consumption amount divided by the number of installments. The ICBC credit card installment payment fee is paid in the first installment. In short, the repayment date for ICBC credit cards is fixed, which is the 25th of the following month.

CCB Credit Card: The repayment date for CCB Credit Card is 20 days after the statement date. For example, the 5th of each month is the billing date, and the payment due date is the 25th of that month.

The billing dates available for CCB credit cards are: 2, 5, 7, 10, 12, 15, 17, 19, 22, 23, 24, 25, 26 and 27; the cardholder’s billing date can be from each month Check it on the bill. The billing date of CCB credit card can be adjusted, but the billing date can only be modified once in a calendar year. For example: If the 17th of each month is the billing day, and if one purchase is made on May 18th and it is credited to the account on that day, then the repayment date for the CCB credit card will be 20 days after the billing date (June 17th), that is, July 7th. The interest-free period for single consumption is 50 days (May 18th - July 7th). If a purchase is made on May 17 and it is credited to the account on the same day, then the CCB credit card repayment date is 20 days after the bill date (June 6), and the interest-free period for the purchase is 20 days (May 17-June) 6th).

Bank of China Credit Card: The repayment date for Bank of China Credit Card is 20 days after the bill date, that is, if the 7th is the bill date, the due repayment date is the 27th of the month. The interest-free repayment period starts from the bill date to the due date of repayment. The longest interest-free period for Bank of China credit cards is 50 days, and the shortest is 20 days. The length of the interest-free period can be different depending on the card consumption date. After the bill date Spending in one day can enjoy the longest interest-free period. For example: Taking the bill date on the 7th as an example, if the consumption is on May 8, the bill date is June 7, and the due payment date is June 27, you can enjoy a 50-day interest-free repayment period (from May 8th to June 27th); if consumption is made on May 7th, that day will be the billing date, the due repayment date is May 27th, and the interest-free repayment period is only 20 days (from May 7th to May 27th). There are 28 billing dates for Bank of China credit cards (Bank Center, Credit Card Center, Credit Card Application), and these 28 billing dates are from the 1st to the 28th. The billing date is randomly determined by BOC credit card holders when they apply for a credit card. Under normal circumstances, customers cannot adjust the billing date. In short, the repayment date for Bank of China credit cards is 20 days after the statement date.

Agricultural Bank of China Credit Card: The final repayment date for Agricultural Bank of China Credit Card is the 25th day after the statement date. The interest-free repayment period starts from the bank accounting date to the due repayment date. The maximum repayment period for Agricultural Bank of China credit card is 56 days and the minimum is 25 days. Spend the day after the bill date to enjoy the longest interest-free period. It is worth noting that the Agricultural Bank of China credit card currently has four billing days, including the 10th, 20th, 17th and 27th of each month. Depending on the card, the billing date is different and cannot be modified.

BoCom Credit Card: The repayment date for Bank of Communications credit card is 25 days after the bill date. For example, the bill date is the 10th of each month, and the payment due date is the 5th of the next month. The monthly statement date of Bank of Communications credit card is generated by the system, and the user has only one chance to modify it within the validity period. For example: if your billing date is the 10th of each month, then the 25th day after the billing date is the due date for repayment. If you make a purchase on May 10th and issue the bill on that day, then the Bank of Communications credit card repayment date will be May 25th. The interest-free period is only 25 days (May 10th to May 25th); if you make a purchase on July 11th, the bill will be issued on August 10th, and the repayment date for your Bank of Communications credit card will be September 5th. The interest-free period is 56 days (July 11-September 5).

CITIC Credit Card: The final repayment date for CITIC Bank Credit Card is 19 days after the statement date (excluding the statement date). For example, if the billing date is the 1st of each month, the last repayment date for the statement on May 1st is May 20th; the billing date is the 15th of each month, and the last repayment date for the statement on June 15th is July. 3rd. (The final repayment date varies by month) The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for CITIC Bank credit cards is 50 days, and the shortest is 20 days. The length of the interest-free period you can enjoy varies depending on the day when the card is swiped for payment. The longest interest-free period can be enjoyed by spending the day after the billing date. For example, your bill date is the 1st of each month. If you consume on August 2nd, the settlement will be on the bill on September 1st. If you pay in full on September 20th, the last payment date, you can enjoy up to 50 days. Interest-free period (August 2-September 20). If you make a purchase on August 1st, that day is the billing day, and the final repayment date is August 20th, you can only enjoy the shortest 20-day interest-free period. The monthly statement date of CITIC Bank credit card is generated by the system and is fixed for each cardholder and cannot be changed.

Industrial Bank Credit Card: The final repayment date for Industrial Bank Credit Card is the 20th day from the statement date. For example, if the bill date is the 18th of each month, the final repayment date for the statement on May 18th is The last repayment date for the statement on June 7th and June 18th is July 8th (the last repayment date varies by month). The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for Industrial Bank credit cards is 50 days and the shortest is 20 days. The length of the interest-free period varies depending on the day when the card is swiped for consumption. The longest interest-free period can be enjoyed by spending the day after the billing date. For example, your bill date is the 18th of each month. If you consume on August 19, the settlement will be on the bill on September 18. If you pay in full on October 8, the last payment date, you can enjoy up to 50 days. Interest-free period (August 19-October 8). If you make a purchase on August 18, that day is the billing day, and the final repayment date is September 7, you can only enjoy the shortest 20-day interest-free period. The optional billing dates for Industrial Bank credit cards are: the 2nd, 4th, 8th, 11th, 13th, 18th, 21st and 23rd of each month. The Industrial Bank credit card statement date can be changed, but please note: 1. The Industrial Bank credit card statement date needs to be changed through the Industrial Bank credit card phone number: 95561. 2. The billing date can be changed once every six months and cannot be changed frequently.

Ping An Bank Credit Card: The final repayment date for Ping An Bank Credit Card is the 18th day after the statement date. For example: the 20th of each month is the billing day, and the 8th of the next month is the final repayment period (regardless of the size of the month). The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for Ping An Bank credit cards is 50 days and the shortest is 19 days. Spending on the day after the bill date enjoys the longest interest-free period. For example: the 20th of each month is the billing day, the 8th of the following month is the final repayment day, consumption is on July 21st, August 20th is the billing day, and September 8th is the final repayment day, enjoy interest-free repayment The period is 50 days (July 21st to September 8th); if consumption is made on September 20th, October 8th is the last repayment date, and the interest-free period enjoyed is 19 days (September 20th to October 8th) Number). Ping An Bank credit card statement dates can be set as: the 5th, 10th, 15th, 20th, and 25th. You can check it in your monthly statement, online banking, or call customer service. You can modify the Ping An Bank statement date and final repayment date as needed, but they can only be modified twice a year.

I have applied for a Bank of China credit card and it says the monthly billing date is the 18th. When do I need to repay it?

The repayment due date is 20 days after the bill date. Since the number of days in each month is different, and the number of days in February is special, it is recommended that you arrange the repayment. Please show the due date on the bill for the specific date. The payment date shall prevail.

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.

When is the credit card due?

Generally speaking, it is 18 to 25 days after the statement date.

The credit card repayment period is calculated based on the billing date of the credit card and the date of consumption using the credit card, and is not fixed.

The bank will inform you of the billing date when issuing the card, and each bill will also have a billing date.

The repayment period varies from bank to bank. Generally speaking, it is 18 to 25 days after the statement date. The shortest is 18 days for China Merchants Bank, and the longest is 25 days for Industrial and Commercial Bank of China. sky.

The period from the date of consumption with the credit card to the billing date plus the repayment period is the date when you can enjoy interest-free repayment.

According to this calculation scheme, consumption on the day after the bill date can enjoy the longest interest-free repayment period, and consumption on the day before the bill date has the shortest interest-free repayment period. Generally speaking, the interest-free repayment period of credit cards ranges from 20 to 50 days.

For example: your bill date is the 12th, the date you use your credit card to make a purchase is the 11th, and the interest-free repayment period stipulated by your card-issuing bank is within 20 days after the bill date, then your Repayment only takes 20 days.

If the date you use your credit card to make a purchase is the 13th, the purchase will be included in the next bill. Your bill will not be generated until the 12th of the next month, so you have 50 days of interest-free repayment. The period is 30 days from the 13th day of the card payment to the 12th day of the next month when the bill is generated plus 20 days after the bill is generated.

Supplementary information:

Credit Card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service. Credit cards are generally 85.60 mm long, 53.98 mm wide, and 1 mm thick, special carrier plastic cards with consumer credit. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip. Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the billing date (English: BillingDate). Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards issued by banks and give cardholders a certain credit limit, and the cardholders can consume within the credit limit and then repay; quasi-credit cards It refers to a quasi-credit card issued by a bank, and the cardholder is required to deposit a certain amount of reserve fund. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

How long does it usually take to repay a credit card?

The credit card repayment period is generally 20 or 25 days after the statement date. However, this repayment date is the final repayment date. Even if the consumption amount is not recorded, users can choose to repay in advance. Therefore, the repayment period of a credit card is more about informing the user of the final repayment time, and the user must complete the final repayment on the repayment date.

Extended information:

The repayment time of a credit card can be divided into the following two periods:

Normal repayment time

From the credit card The normal repayment time for a credit card is from the billing date to the final payment date. Repayments made during this period are normal repayments.

It is recommended to repay the loan two to three days before the repayment date. If the repayment time is too early, the interest-free period provided by the bank will be used up too little, which is not cost-effective;

If the repayment time is too late, especially on the repayment date, it is likely to be due to busy work and other reasons. forget.

Or if the funds are not received in time, it may cause overdue repayment and form an overdue record.

Prepayment time

Any repayment before the accounting date is considered early repayment. Unless there are special reasons, it is recommended not to repay the loan early.

Some cardholders believe that early repayment will help banks increase their credit limit. In fact, this idea has no factual basis.

The interest-free period provided by the bank can be used normally, as long as it is repaid before the repayment date, there is no need to repay prematurely.

Credit cards, also known as credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on it. There are magnetic strips and signature strips on the front and back. Consumers holding credit cards can go to specialized commercial service departments for shopping or consumption, and then the bank settles with the merchants and cardholders, and the cardholders can overdraw within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the National People's Congress Standing Committee on Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement, and cash deposits and withdrawals. An electronic payment card with all or part of the functions such as payment. On December 1, 2017, the "Official English Translation and Writing Standards" was officially implemented, stipulating that the standard English name of a credit card is CreditCard.

A general credit card is a special carrier plastic card with a length of 85.60mm, a width of 53.98mm, and a thickness of 1mm. The issuer's name, expiration date, number and cardholder's name are printed on the front, and the chip, magnetic strip and signature strip are on the back. Cardholders can use their credit cards to shop, spend money, and deposit and withdraw cash at designated institutions.

That’s it for the introduction of when credit card repayments are required.