Reason:

The default billing date for the new ICBC card is the 1st, which is the monthly settlement date. The repayment date is also fixed on the 25th, that is, the bill for this period needs to be paid before this day. You can repay in full and enjoy the interest-free period when swiping your card. You can repay the minimum amount and you will no longer enjoy the interest-free period.

Expansion:

1. Statement date:

It refers to the card-issuing bank’s regular monthly review of various transactions, charges, etc. that occurred in your credit card account in the current period. Make a summary settlement, calculate interest, calculate your total current debt amount and minimum repayment amount, and mail a statement to you. This date is your credit card statement date.

2. Repayment date:

The last date the cardholder is required to repay. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the bill date to the final repayment date. , the longest period is from the day after the bill date to the last repayment date of the next month. If the bill date is the 1st and the final payment date is the 20th, the minimum is 20 days and the maximum is 50 days.