Billing date 17th: On the 17th of each month, the card-issuing bank will regularly summarize and settle all transactions and expenses that occurred in your credit card account during the current period, calculate interest, and calculate the total amount you owe for the current period. and minimum repayments, and send you a statement.

The 10th of the repayment 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 on the 17th, you should pay off all the charges you have consumed before the 10th of the month following the due payment date.

In fact, 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.

Extended information:

If you really do not have enough money to repay in full on the due date, then please choose the minimum repayment amount of your credit card to repay in this way. You only need to repay 10% of the total cost in each installment. Although there is no interest-free repayment period for repayment, it can avoid damage to your personal credit.

If you do not repay the full amount before the due payment date and do not choose the minimum credit card repayment amount, you will:

1. All consumption funds will no longer be eligible for payment. Interest-free repayment treatment: the bank will calculate interest on a daily basis from the day of consumption, using the consumption amount as the principal, with a daily interest rate of 0.05%, compound interest calculated on a monthly basis, and 5% of the minimum repayment amount.

2. Receive a reminder call and letter from the bank.

3. Freeze your account and feed back your debt record to the People's Bank of China to record it in your credit file, which will affect your personal credit.

Reference: Baidu Encyclopedia_Credit Card