How to determine the credit card repayment date?

1. Credit card purchases generally made on or before the bill date are included in the current bill, and should be repaid before the repayment date after the current bill date. The interest-free period that can be enjoyed is the shortest. 2. Any consumption on the day after the bill date will be included in the next bill, and should be repaid before the repayment date after the next bill date. The longest interest-free period can be enjoyed. 3. The interest-free repayment period for credit cards is 50 days, which is the same for every domestic bank. 4. The calculation method of time depends on the billing date and consumption date, which is not fixed.

How is the credit card repayment date calculated?

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If the bill date is the 1st and the final repayment date is the 20th, the minimum is 20 days and the maximum is 50 days. For non-cash transactions with credit cards, the period from the bank recording 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 is from the bill date to the last repayment date, and the longest is from the day after the bill date to the last repayment day of the next month.

The repayment date of a credit card refers to the last date specified by the card-issuing bank when the cardholder should repay the entire amount due or the minimum repayment amount. The repayment due date is the date after the bank generates the statement, plus the number of interest-free repayment days. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the bill date to the last repayment date, and the longest is from the day after the bill date to the last repayment day of the next month.

If you encounter an overdue credit card payment, if it is only one or two days overdue, you can immediately call the customer service of the card-issuing bank to ask for grace treatment. Interest and late payment fees can be exempted, and there will be no impact on your credit record. What impact. However, if it is overdue for too long, it will affect your personal credit record.

When the overdue period is too long and the bank’s reminder notice is ignored, the credit card account will be frozen by the card-issuing bank. Arrears records may be fed back to the People's Bank of China's personal credit reporting system, affecting the cardholder's personal credit record and causing the cardholder to be unable to apply for housing mortgage loans.

At the same time, you will no longer enjoy the interest-free repayment treatment. When the amount of debt owed is small and the overdue period is short, the card-issuing bank will calculate interest on a daily basis from the day the consumption occurs, using the consumption amount as the principal, with a daily interest rate of 0.05% and compound interest on a monthly basis; for the minimum The unpaid portion of the repayment amount will be charged a late payment fee of 5% per month. Receive a demand notice.

When the overdue time reaches a certain period, the bank will send relevant reminder notices. The consequences of overdue credit card repayments are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only result in legal consequences, but also bear high penalties and interest, and most importantly, may cause A bad credit record will have a negative impact on your future work and life.

How is the credit card repayment date calculated?

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date. The due payment date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

Credit cards from different banks have different calculation methods. There are generally two types:

First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from consumption. The date between the day and the due date;

The second is to set a single day by the cardholder, and then set the latest repayment date based on the bill date. The interest-free period starts from the consumption date. to the latest payment date.