2. Banks stipulate that the credit card repayment date is "billing date +X days": for example, banks such as China Construction Bank, China Bank and China CITIC Bank stipulate that the credit card repayment date is 20 days after billing date, that is, credit card repayment date = billing date +20 days. For example, the billing date of CITIC Credit Card is 10, so the repayment date is 30; For example, Bank of Communications and Agricultural Bank stipulate that credit card repayment date = billing date +25 days.
1. When is the repayment date of the credit card?
The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after issuing the bill, the issuing bank should pay off all the expenses before the due repayment date. In fact, the due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different.
Second, the impact of overdue credit cards:
First, late payment will affect personal credit. If a lender borrows money from a bank and fails to repay it within the time limit, his personal credit report will leave a bad credit record. It is very difficult to apply for credit cards and loans in the future, and most of them will be rejected, which will cause many troubles to personal production and life.
Second, the most direct consequence of not paying back the credit loan is a high penalty interest, and you may have to pay a certain penalty. Even the principal and interest add up to a lot of expenses, and the result of not repaying on time is to increase my economic pressure.
Third, in loans overdue, the lender will face all kinds of collection. Banks or financial institutions have their own collection systems. After the lender is overdue, the first-class collection will send you a text message and call for a reminder. If it is not returned for a long time, and the degree is serious, there will even be a collector to collect it in person. This overdue staff member should be prepared and try to pay off the money at the first time before solving it.
Fourth, if the loan is overdue for a long time and the amount is large, the lender may be sued by financial institutions. After the lawsuit is accepted, the assets of the lender may be sealed up after the court pronounced a sentence. This is the "repayment reward" that the lender must implement, otherwise the court will seal up the property and other assets under your name according to law to repay the arrears with the proceeds from the auction.