The billing date means that the card-issuing bank will regularly summarize and settle the various transactions and fees that occurred in your credit card account every month, calculate the interest, and calculate the total amount of debt you owe in the current period and the minimum amount. The repayment amount will be mailed to you. This date is your credit card statement date.

Example

A cardholder’s credit card bill date is the 1st, and the due date for repayment is the 20th. Cardholders made purchases with their cards on November 5th, 12th, and 23rd. At this time, the bank statement bank will summarize and settle your expenses on December 1st and pass them at the same time. At the same time, it should be noted that the statement date of each bank is not the same day. And for the billing date, some banks also provide the function of modifying the billing date, making your repayment more flexible.