How to calculate the credit card repayment date?

Different banks calculate the credit card repayment date in different ways. Generally, it can be divided into two situations: 1. It is clearly stipulated that one day of each month is The interest-free deadline is the period from the consumption date to the deadline. For example, ICBC’s Peony Credit Card stipulates that the billing date is the last day of the month and the repayment date is the 25th. For example, if a user makes a purchase on January 1st, he or she can repay the payment by February 25th at the latest, enjoying the longest 56 days interest-free period.

2. The cardholder sets a billing date, and then sets the latest repayment date based on the billing date. The interest-free period is the date between the consumption date and the latest repayment date.

If the bank stipulates that the credit card repayment date is how many days after the statement date. For example, the repayment date for China Construction Bank, Bank of China, CITIC Bank, etc. is 20 days after the credit card statement date. The repayment date for Bank of Communications and Agricultural Bank of China credit cards is 25 days after the statement date. For example, the Agricultural Bank of China credit card statement date is 10 days, then the repayment date is It's the 5th.

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to repay 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. In fact, the repayment due 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 card repayment time

The credit card repayment period is generally 20 or 25 days after the bill date. However, this repayment date is the final repayment date. Even if the consumption amount is not recorded in the account, users can choose to repay in advance. Therefore, the repayment period of a credit card is more about informing the user of the final repayment time, and the user must complete the final repayment on the repayment date.

The repayment time of a credit card can be divided into the following two time periods:

Normal repayment time

From the credit card statement date to the last repayment date , which is the normal repayment time of the credit card. Repayments during this period are all normal repayments.

It is recommended to repay the loan two to three days before the repayment date. If the repayment time is too early, the interest-free period provided by the bank will be used too little and it is not cost-effective;

If the repayment is too late, especially on the repayment date, it may be due to busy work Forgetting to repay due to other reasons,

or funds not arriving in time, may cause overdue repayment and form an overdue record.

Early repayment time

Any repayment before the bill date is considered early repayment. If it is not due to special reasons, it is recommended that you do not need to repay the loan in advance.

Some cardholders believe that early repayment will help the bank increase their credit limit. In fact, this idea has no factual basis.

The interest-free period provided by the bank can be used normally. As long as you repay before the repayment date, there is no need to repay too early.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip.

Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

How to calculate the credit card repayment date?

Hello, if you hold a China Merchants Bank credit card, the credit card has a specified billing date and repayment date, and the repayment period has a cycle. The "billion date" refers to the cumulative unpaid balance of the card issuer to the cardholder every month. The principal of consumption transactions, the principal of cash withdrawal transactions, fees, etc. are also summarized, the interest is calculated, and the date on which the cardholder should repay the amount is calculated. "Repayment due date" refers to the last date stipulated by the card issuer when the cardholder should repay the entire amount due or the minimum repayment amount (the consumption amount can be repaid before the due repayment date, and the payment must be made no later than the due date). Just pay it back to your credit card before 24:00 on the day of payment). For example: If the 5th of each month is the billing day and the 23rd of each month is the repayment day, then the consumption from the 5th of the previous month to the 4th of this month will be repaid on the 23rd of the month. You can call your credit card to manually confirm the billing date and repayment date of your credit card.

How to calculate the credit card repayment date

The credit card repayment date is usually 20 days after the bill date. For example, the 5th of each month is the billing day, and the payment due date is the 25th of the month. The billing date refers to the card-issuing bank's regular monthly summary and settlement of various transactions and expenses that occurred in the credit card account in the current period, the calculation of interest, the calculation of the total amount owed and the minimum repayment amount for the current period, and sending a statement.