To be precise, the transaction date refers to the date when the cardholder actually makes consumption, deposits and withdrawals, transfers or transactions with relevant institutions. The billing date refers to the date when the card issuer credits the transaction amount to the cardholder's credit card account after the transaction occurs, or charges, interest, etc. to the cardholder's credit card account in accordance with regulations. Normally, the accounting date will be one day later than the transaction date.

Extended information

Precautions for using credit cards

After the Spring Festival credit card boom, some new things that were rarely seen in the past appeared on cardholders’ bills. Charging items, such as over-limit fees, etc.

The so-called over-limit fee refers to the additional overdraft amount granted by the bank after the cardholder reaches the total credit card overdraft amount, which is generally 10% of the original overdraft amount. The advantage of this is that the cardholder does not have to apply for a temporary increase in the limit or the card cannot be swiped; the disadvantage is that the cardholder has to pay an over-limit fee of 5% of the amount exceeding the overdraft limit.

In order to avoid being charged over-limit fees by the bank, some cardholders turn to the bank to apply for a temporary increase in the overdraft limit. The increase is usually 10%-20%. The period is usually one month. If the limit is exceeded, After a while, the credit card limit returned to its original limit. Therefore, cardholders must clearly note the period of the temporary limit to avoid overdue credit card repayments.

In addition, you should also pay attention to the over-limit issue of temporarily increasing the limit: if you use an over-limit overdraft in the second half of a month, it is likely that the excess amount will incur over-limit fees. For example, A's credit card overdraft limit is 50,000 yuan. On December 20, he applied to the bank to increase the temporary limit by 30,000 yuan, but he did not use the 30,000 yuan until January 15.

By January 20, A’s credit card overdraft amount will automatically be reduced to 50,000 yuan. In fact, A’s overdraft amount was 80,000 yuan in January. The 30,000 yuan in between will generate 5% over-limit fee.

Therefore, before the credit card overdraft limit is automatically reduced to the original limit of 50,000 yuan, the cardholder should first repay the 30,000 yuan and control the unpaid amount within the overdraft limit of 50,000 yuan. , so you can avoid paying over-limit fees.

Bank financial planners also reminded that in view of the large number of card purchases during the Spring Festival, cardholders should pay special attention to the final repayment date of their credit cards, which is the last day of the interest-free repayment period. Previous repayments were interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.5%, calculated on a monthly basis. Compound interest will be charged and late payment fees will be charged.

Credit card late payment fees refer to the situation where the cardholder’s actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount, which is generally the minimum payment amount. 5% of the unpaid portion of the repayment amount, but due to different policies of each bank, the minimum amount set is also different.

Therefore, cardholders who have large overdrafts during the Spring Festival holiday must keep in mind the final repayment date after receiving the bill, and strive to repay all the previous expenses before the due repayment date. Pay off. If you really have no time to pay, apply for installment repayment as early as possible or adopt the minimum repayment method to avoid penalty interest from the bank.

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, affecting mortgages, car loans, etc.

Baidu Encyclopedia-Credit Card