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 return 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.

How is the credit card repayment date calculated?

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to return 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. The due payment 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 cards from different banks have different calculation methods. There are generally two types:

First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from consumption. The date between the day and the due date;

The second is to set a single day by the cardholder, and then set the latest repayment date based on the bill date. The interest-free period starts from the consumption date. to the latest payment date.