When using a credit card, if you fail to repay it in time, it will cause the repayment to be overdue, thus affecting your credit report. Therefore, friends should pay close attention to the repayment date. So, what do the credit card statement date and repayment date mean? How long is the repayment cycle? Let’s learn more with the editor!

What do the credit card statement date and repayment date mean? ?

Credit card statement date: refers to the card-issuing bank's summary settlement of various transaction fees incurred in the credit card account in the current period within each month, and the interest calculation, and then calculates the total arrears amount for the current period and Minimum payment date.

Credit card repayment date: refers to the last date when the bank requires the cardholder to return the credit card non-cash transaction statement.

The statement date and repayment date of each bank are different. Usually, the repayment date of a credit card is within 15 to 25 days after the statement date.

How long is the repayment period of a credit card?

The repayment period refers to the period from the day of payment to the latest specified repayment date. Generally, It refers to the repayment cycle of a bank credit card, which is generally 20-50 days. When a user uses a credit card, as long as the bill is paid off within the repayment cycle specified by the card issuer, interest is waived, so it is also called "free." "Interest repayment cycle", the amount beyond the repayment cycle will be charged a certain amount of overdue interest.

The relationship between credit card statement date and repayment date is directly introduced here. It is very necessary for credit card users to pay attention to the repayment date, which is related to issues of interest and credit history. Pay off any debts promptly and not overdue.