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How to calculate the credit card repayment date and billing statement?

In the use of credit cards, billing date, repayment date and interest-free period are key date concepts. Billing date usually refers to the date when the bank settles the user's consumption and expenses in the previous accounting period every month. For example, on the 1th, that is, the consumption from the 1th of last month to the 1th of this month will be summarized to form a bill. The repayment date means that the cardholder must pay off all the arrears of the last bill before this date, such as the 28th, which means that the bill on the 1th needs to be paid off before the 28th of that month. Interest-free period refers to the period from the billing date to the repayment date. If you repay in full during this period, you can usually enjoy the interest-free service provided by the bank. Otherwise, interest and late fees may be incurred.

There are various repayment methods, including the counter of the issuing bank, ATM, online banking, automatic transfer, telephone banking, etc. These methods usually record the money immediately after processing on the same day. Micro-silver POS mobile phone provides instant repayment service. Transfer or remittance repayment is divided into the same city and different places, which requires additional fees, and the arrival time may be a little slow. Online repayment through platforms such as UnionPay Online and Alipay has different charging standards and arrival time. The general counter rules allow deposit repayment at other banks' outlets, which is convenient and fast.

understanding and managing these dates and repayment methods is very important to maintain a good credit record and avoid extra expenses. Ensure that the repayment is completed before the repayment date after the bill date, so as to make full use of the interest-free period and avoid the adverse effects caused by overdue.