What is the bill date and the repayment date?

The bill date is the date when the bank sends you a statement at the beginning of each month, and the repayment date is usually at the end of the month. You need to do this before Repayment. Generally, the bank statement will clearly state the minimum amount that should be repaid that month.

What does credit card repayment date mean?

The repayment date is the last day for your interest-free repayment, after which you will be charged interest. After you receive the bill (which means your consumption for the previous month has been settled) on the 12th of each month, the amount you swipe the card on will belong to the next bill, and it has nothing to do with your failure to repay the previous bill. After receiving the bill, any payment made at any time before the repayment date will be repaid.

Credit card traps - billing date and repayment due date

Many friends are secretly happy when they see that the credit card application form states that there is a maximum of 50 days of interest-free days, thinking that all After the transaction occurs, you can just repay within the next 50 days - this is the most common mistake that most new users make. Let’s take a look at two core concepts first:

1. Statement date - it is the day when the bank prints a statement for you every month, summarizing all your transactions in the previous period. There is a period between two billing dates (different from natural months). For example, the billing date of Bank of China is automatically assigned by its system and may not be the same for each customer. Once this date is generated, it will not change. In our next example, assume that your Bank of China billing date is the 6th of each month. (Of course it won’t be mine. Friends who don’t know their billing date can call their customer service number and ask for manual service). ICBC's billing date is fixed, which is the 1st of each month;

2. The due payment date - is the last day of the interest-free repayment period. Repayments before this are interest-free. Overdue interest and late fees will be charged. Each bank has different regulations on this day. Bank of China's repayment date is the 20th day after the bill date, while ICBC's is fixed on the 25th of each month. Have any questions? Where do those 50 interest-free days come from? The strange thing is here.

Give an example. The first time you use a Bank of China card to make a purchase on June 2nd, remember that your bill date is the 6th of each month, so on June 6th, you have to count the 20 interest-free repayment days, which is June 26th No., your repayments before this are interest-free, and your first purchase will be interest-free for 24 days, from the 2nd to the 26th. Then, you make another purchase on June 3rd, and June 6th is also the billing day, and June 26th is also the due date for your second payment, so remember to put these two payments before June 26th. Once the first debt is paid off, your second purchase will be interest-free for 23 days, from June 3 to June 26 - where do those 50 days of interest-free days come from? Let’s talk about the matter and return the Bank of China card. Assume that you have no debt before and you made a purchase on June 10th. Then the bank can only print a statement for you on July 6th of the next month (your statement date is the 6th of every month), and the next 20 days will be your repayment due date, which is July 26th. This time, your consumption will have 46 days of interest-free days (June 10th It will be 26 days until the consumption is reconciled on July 6, and it will be 20 days after July 26). The rest is analogous. All general banks state that the interest-free repayment period is between 20 and 50 days.

ICBC’s calculation is simpler. Accounts are reconciled on the 1st of every month, and interest-free repayment dates are before the 25th of every month. If you make a purchase on June 1st, you have to pay it back before June 25th. But if you make a purchase on June 2, the billing date will be July 1, and the repayment before July 25 will be interest-free. This interest-free period will be longer, 53 days. Other analogies.

You say I will spend money today and pay it back tomorrow. This is certainly safe, but it is not necessary. It makes little sense to apply for a credit card in this way. There is another point to note. For example, if you forgot to return the ICBC card purchase on June 1st on June 25th, what if you rush to go there on June 26th? Of course you can, but it's also not necessary. If you pay it back on June 26, it will only count as you depositing a sum of money on your credit card, and there is no interest on the money deposited on the credit card. The amount you owe will be billed again next month, which is July 1st (plus your interest and late payment fees during this period, isn’t it harsh? Compound interest is commonly known as compound interest). This is Your repayment deadline is still before July 25th.

Therefore, not every purchase can enjoy the 50-day interest-free repayment period, so everyone should be careful.

In order to reach the longest interest-free repayment period, you must consume on the first day after the "bill date", so that the consumption must wait until the next bill day (30 days later) before it can be entered into the account. There are still 26 days (depending on the specific regulations of each bank) to reach the due payment date. These times together constitute the longest interest-free repayment period.

Remember these three things:

Know your billing dates and repayment due dates;

Try not to use credit cards to withdraw cash;

Try to repay your loan before the due date. ...>>

What do the billing date and due payment date of a credit card mean?

Your bill date is July 25th, which is the settlement date. The consumption after this day will be included in the bill of the next period (next month), that is to say, it belongs to The amount will be repaid on the next repayment date.

What does the last payment date for a credit card mean?

When borrowing money, you have to pay it back. As the name suggests, the last repayment date is the day when the bank asks you to repay the loan. To answer your question, you need to know the statement date of your credit card and which bank's credit card you have. For example,

The final payment date for Bank of Communications credit cards is the 25th day after the statement date, and full repayment before the final payment date is interest-free. Assume that the bill date is the 8th (fixed), that is to say

The bill is generated on 9.8, recording the transactions between 8.9 and 9.8, and the final repayment date is the 25th day after 9.8, that is, 10.3

The bill is generated on 10.8, recording the transactions between 9.9 and 10.8. The final repayment date is the 25th day after 10.8, which is 11.2

and so on.

Obviously, the interest-free period for 9.9 consumption on the bill day is the shortest, with 25 days (9.8 brush, 10.3 payment), and the 9.9 consumption on the first day after the bill date is the longest, with 56 days (9.9 brush, 10.3 payment) 11.2 also). It should be noted that there is an interest-free period only for card purchases, but there is no interest-free period for cash withdrawals.

Banks with interest-free periods of 18-48 days: China Merchants, Ping An

Banks with interest-free periods of 20-50 days: Guangfa, CITIC, China Construction, China Everbright, Industrial Bank, Minsheng , Shenfa, Pufa.

Banks with interest-free periods of 25-56 days: Huaxia, industry and commerce, transportation, and agriculture.

What do billing date and repayment date mean?

Yes;

For consumption from December 12th to December 19th, the bill will be issued on December 19th, and the final repayment date will be January 7th;

< p> For consumption from December 20th to January 19th, the bill will be issued on January 19th, and the final payment date will be February 7th;

What are the monthly billing dates and due repayment dates for credit cards? mean?

Most banks’ credit card repayment due date is 20 days after the statement date. For example, your credit card bill date is the 19th, which means that February 20th to March 19th is a billing cycle. If the repayment date is 20 days after the bill date, the repayment date of this cycle is April 8th. If you make a purchase on March 6, it is also within the billing cycle from February 20 to March 19, and the repayment date is April 8. If you consume on the first day of each billing cycle, the interest-free period is the longest, which is 50 days. For example, if you consume on February 20, the repayment date is April 8.

When is my credit card repayment date? 5 points

Hello, the expiration date of the credit card transactions recorded in each bill is called the "bill date". The due date for repayment is generally around the 18th day after the bill date (as shown on the bill). The repayment grace period is 3 calendar days after the due payment date.

Different cardholders may have different billing dates. For example, if the billing date is the 25th of each month, then each bill will record all transactions entered from the 26th of the previous month to the 25th of this month. The corresponding final repayment date is the 13th of the following month. Consumption on the 25th is generally not recorded until the 26th, and will be included in the next period's bill.

(You can consult online through QQ or WeChat any information you want to know about China Merchants Bank’s credit card services. Method 1: Search 4008205555 among QQ corporate friends, and add China Merchants Bank Credit Card Center as a friend; Method 2: Search the number "cmb4008205555" on WeChat and follow China Merchants Bank Credit Card Center.

)

What does the last repayment date of a credit card mean?

Hello, the repayment dates corresponding to the bill dates of China Merchants Bank are: 3-21, 5-23, 7-25, 10- 28, 12-1, 15-3, 17-5, 20-8, 22-10, 25-13

That is to say, the bill will be issued on the 20th of this month, and the payment must be made before the 8th of the following month. .

"If you have other questions, it is recommended that you add "QQ" or "WeChat" for online consultation.

Method 1: Search for "4008205555" among QQ corporate friends and add " "China Merchants Bank Credit Card Center" as a friend;

Method 2: Search the number "cmb4008205555" on WeChat and follow China Merchants Bank Credit Card Center.

For detailed instructions, please click: cc.cmbchina/.. .d=zxkf, thank you for your attention and support! "

What does the repayment date of this period mean?

No.

There are two important times for credit cards, the billing date and the final repayment date. Your billing date should be the 12th of every month. Assuming that the card is used for consumption today, the final repayment date is November 6th, and the same is true during the National Day.

The final payment date for Bank of Communications credit cards is the 25th day after the statement date. The bill date is the 12th (fixed), that is to say

The bill is generated on 9.12 and records the transactions between 8.13 and 9.12. The final repayment date is the 25th day after 9.12, which is 10.7

< p> The bill is generated on 10.12, recording the transactions between 9.13 and 10.12. The last repayment date is the 25th day after 10.12, that is, 11.6

and so on.

Obviously, the interest-free period for 9.12 purchases on the bill date is the shortest, with 25 days (swipe on 9.12, and repay on 10.7). The interest-free period for 9.13 purchases on the first day after the bill date is the longest, with 56 days (swipe on 9.13, and repay on 11.6). ). It should be noted that there is an interest-free period only for card purchases, but there is no interest-free period for cash withdrawals.

What does the payment due date mean? 5 points

Credit cards have a billing date (that is, on a fixed day every month, the actual consumption of the credit card in the previous month is summarized and the bill is printed and sent to the user), and the repayment date (the one with the latest repayment period) Time, repayment before the repayment date is interest-free, after which the corresponding fees will be charged). For example, if a bank's credit card bill date is the 1st of each month and the repayment date is the 20th of each month, then the bank statements generated after the 1st of the previous month and from the 2nd to the 1st of this month (including consumption on the 1st) The account will be calculated and the user will be notified by letter to repay on the 20th of the month, which is the repayment date. Then the credit card consumption used from the 2nd of last month to the 1st of this month will have an interest-free repayment period of 20-50 days until the repayment date is the 20th of this month. Please refer to each bank's regulations for details.