Usually, the "billing date" is the day when the bank counts the details of the user's card consumption every month and issues a bill to the cardholder; The "last repayment date" is the last repayment date set by the cardholder to avoid the late payment fee for the credit card.
However, if the cardholder changes the billing date, the corresponding repayment date will also change. After successful revision, it will generally take effect from the next issue.
Extended data:
Interest adjustment
For non-cash transactions (cash advance or transfer), the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 25 days and the longest is 56 days.
During this period, you don't need to pay any interest on non-cash transactions, provided that you pay off the current payable amount (total amount owed) on the current statement in full (you don't enjoy the interest-free discount on cash advance). ?
The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.
The formula for calculating the minimum repayment amount is as follows:
Minimum repayment amount = 10% consumption balance+10% cash withdrawal balance+interest balance+other payable expenses balance+unpaid part of the minimum repayment amount in the previous period.
Bank of Communications adopts the calculation method of revolving credit interest. Revolving credit: Revolving credit is a small unsecured loan with daily interest. According to your financial situation, you can decide the repayment amount by yourself every month before the current credit card bill expires.
When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the circulating credit balance. Revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you cannot enjoy the interest-free repayment period in the current period.
Baidu Encyclopedia-Bank of Communications Credit Card