How to calculate the credit card repayment date

Different banks calculate the credit card repayment date in different ways, which can generally be divided into two situations: 1. It is clearly stipulated that one day of each month is the interest-free deadline, and the interest-free period is the date 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 end of the month and the repayment date is 25th. For example, if a user spends a sum on January 1st, he can repay it on February 25th at the latest, and enjoy an interest-free period of up to 56 days.

2. The cardholder sets a billing date, and then sets the latest repayment date according to the billing date. The interest-free period is the date from the consumption date to the latest repayment date.

if the bank stipulates that the credit card repayment date is how many days after the bill date. For example, the repayment dates of CCB, BOC and China CITIC Bank are 2 days after the billing date of credit cards, and those of Bank of Communications and Agricultural Bank are 25 days after the billing date. For example, the billing date of Agricultural Bank of China is 1 days, so the repayment date is 5 days.

the due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after the issuing bank issues the bill, it should pay off all the expenses previously consumed before the due repayment date. In fact, the due repayment date is the last day of the interest-free repayment period. Before that, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different.

How to calculate the monthly settlement date of credit card

The specific credit card billing date and repayment date are slightly different according to the regulations of each bank.

different banks have different interest-free repayment periods. Generally, the repayment date is 2 to 5 days after the bill date, which means that about 2 days after the bill date of the current month is the repayment date.

If the billing date is May 23, you can enjoy the longest interest-free period by swiping your card on May 24, and then decrease it in turn. After billing every month, you can pay off the arrears according to the repayment date stipulated by the bank. If you don't pay off the arrears in full, you can't enjoy the interest-free period.

Your billing date and repayment date can be adjusted through consultation with the bank. If you find the date troublesome and hard to remember, you can adjust the date, and bind your personal bank card and credit card to start automatic repayment service, so that you won't delay repayment.

For example, the bank's settlement is from the 1st to the end of each month. For example, if you spend money on November 1st, then the bill for this month will be issued on November 31st, and then you must make repayment (repayment date) before December 2th. Your repayment before December 2th is interest-free. If not, there will be interest and bad records. If you spend on November 3th, the repayment date is also December 2th. And so on. As a reminder, the repayment date and billing date of each bank are different. The regulations of different banks are slightly different. The latest repayment date is generally 2 or 24 days after the bill date.

how to calculate the repayment date of credit card

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 is periodic. "billing date" refers to the date when the card issuer summarizes the cardholder's accumulated outstanding consumer transaction principal, cash withdrawal transaction principal, expenses, etc. every month, calculates the interest and calculates the amount that the cardholder should repay. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and it can be returned to the credit card before 24 o'clock on the repayment date at the latest). For example, if the 5th of each month is the billing date and the 23rd of each month is the repayment date, the consumption from the 5th of last month to the 4th of this month will be repaid on the 23rd of this month. You can call the credit card to manually confirm the billing statement and repayment date of your credit card.

How to calculate the credit card repayment date and billing date

1. According to the bank veteran, it is summarized as follows:

2. The billing date is the date when all credit card consumption in the current period finally generates bills, and the repayment date is the date when you have to repay the credit card in the current period. Generally, the repayment date is about 2 days behind the billing date.

3. For example, if your billing date is on the 4th of each month and the repayment date is on the 24th of each month, you will get the longest interest-free period for credit card consumption on the 5th of each month, and the shortest interest-free period for consumption on the 23rd. All consumption after the 4th day must be repaid before the 24th day of next month, otherwise overdraft interest will be generated, and if the minimum repayment amount, i.e. 1% of the current bill amount, is not repaid, there will be a late payment fee. Of course, full repayment will not charge any interest, that is, it is completely interest-free; However, if it is not in full, the overdraft interest of the credit card will be very high, and the interest of five ten thousandths will be charged every day.

4. The credit card billing statement can be adjusted by the cardholder contacting the bank. If you are dissatisfied with the date, you can change it by phone or log in to official website.

5. Tip: Credit card consumption is convenient and quick, but it is also a double-edged sword. Once overdue repayment has a very bad impact, it is recommended to repay on time every month.