What do the statement date and repayment date mean?

Bill date: The statement date is the date when the bank summarizes all transactions of the cardholder's credit card in the current period, and calculates interest based on the summarized amount, and then Calculate the total amount owed by the cardholder for the current period and the minimum repayment amount. Repayment date: The repayment date is the financial date on which the cardholder repays the due amount. The cardholder should pay off all due amounts before this date. For example, if the billing date of a credit card is the 3rd of each month and the billing date is the 23rd of each month, then the credit card consumption from January 4th to February 3rd will be credited to the account on February 3rd and can be repaid before February 23rd. payment. Spend by swiping the card from February 4th to March 3rd, the payment will be received on March 3rd, and the payment can be made before March 23rd, and so on. First of all, if you must pay off all your credit card purchases before the repayment date specified by the bank, you can enjoy the interest-free period; secondly, you cannot enjoy the interest-free period for credit card cash withdrawals. From the day of withdrawal, you will be charged 50,000% of the cash withdrawal amount. As interest, a cash withdrawal fee is charged for each cash withdrawal; finally, if the minimum repayment amount is not enough on the last repayment date specified by the bank, in addition to the interest-free period, the personal credit report will also generate overdue records. The bank will form a bill and notify you of the current repayment. The date on which the bill is formed is the bill date. At the same time, the bank will not require immediate repayment, but will give you a buffer period, usually 20 days (according to the standards stipulated by each bank). The deadline of this period is the repayment due date. If you repay in full within 20 days or choose the minimum repayment amount on your credit card, you can enjoy interest-free treatment, but interest will be accrued if it is overdue. The accounting date refers to the date when the consumption amount is recorded, and the repayment date refers to the last date when the financial institution requires the user to return the amount due. Therefore, the payment date and the repayment date are two concepts in themselves and will not be the same day. Users can choose to repay on the payment date, but the interest-free days will be reduced. If you choose to repay on the repayment date, you can extend the interest-free period.

What is the meaning of credit card statement date and repayment date?

Credit card statement date can be simply understood as the bank’s summary of your credit card account consumption last month and the calculation of interest. Calculate the amount you should repay, as well as the minimum repayment amount, and mail a bill. If you have any objections, you can call the bank for consultation and submit strong evidence, so that the unreasonable aspects can be corrected.

The period between the credit card repayment date and the bank statement date is the interest-free repayment period. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the bill date to the last repayment date, and the longest is from the day after the bill date to the last repayment day of the next month. If the bill date is the 1st and the final payment date is the 20th, the minimum is 20 days and the maximum is 50 days.

Note: The billing date is a fixed time every month. However, the repayment months may be different, mainly because one month is older than the other month. Take Bank of Communications as an example: assuming the bill date is the 27th of each month, the repayment date of Bank of Communications is 25 days after the bill date. Add 25 days to the billing date of September 27, and the repayment date will be October 22. If it is one month old, it will be the 21st.

There are also some bank statement dates and repayment dates that are fixed at fixed times, regardless of whether they are older or younger. For example, China Merchants Bank credit card. Its billing date and repayment date are fixed. For example, Xiaonian's credit card bill date is the 15th, and the repayment date is the third of every month. This has always been fixed.

What is the credit card payment date and statement date?

1. Billing date

Refers to the card-issuing bank's regular monthly summary and settlement of various transactions and expenses that occurred in the user's credit card account in the current period, and the calculation of interest and calculation of the total amount of the current period. Amount owed and minimum payment amount, and send statement. This date is the credit card statement date.

If the bill date is the 10th, the bank will settle the total non-cash credit card transaction fees from the 10th of the previous month to the 10th of the current month, and form a bill and send it to the cardholder.

2. Repayment Date

The credit card repayment due date refers to the last date when the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, the cardholder should pay off all the previous consumption before the due repayment date.

If the repayment date is the 28th, then the balance due on the 10th should be paid off before the 28th of the month.

3. The interest-free period

refers to the period from the bank accounting date to the repayment date of the bill for the cardholder's transactions other than cash and transfer settlement.

That is, the due payment date is the last day of the interest-free repayment period. Repayments before this are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

If the repayment date is the 28th, then non-cash credit card transactions that occurred from the 10th of the previous month to the 10th of the current month will be repaid on the 28th. This period is called the interest-free period.

Extended information:

Credit card repayment methods

1. In the card issuing bank

This method includes: card issuing bank counter, ATM, online Bank, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Weiyintong POS mobile phone

Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. . Instant payment.

3. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places.

No matter what method is used to transfer or remit money, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as convenient as intra-peer repayment or online repayment. Store repayment, etc.

4. Online repayment

The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Over-the-counter repayment

Over-the-counter payment refers to the bank cards issued by various networked financial institutions. Through the counters of other bank branches registered in the UnionPay Exchange Center host system, Conduct RMB current deposit and withdrawal transactions.