Most banks' credit card expiration date is 20 days after the statement date. For example, the billing date of your credit card is the 19th, which means that February 20th to March 19th is a billing cycle. If the repayment date is 20 days after the bill date, the repayment date of this cycle is April 8. If the purchase is made on March 6, it is also in the billing cycle from February 20 to March 19, and the repayment date is April 8. If consumption is made on the first day of each billing cycle, the longest interest-free period is 50 days, such as February 20th, and the repayment date is April 8th.

1. Definition of billing date and repayment date:

For example, the monthly statement date of my credit card is the 19th and the due repayment date is the 7th. I don’t Very understandable. Do I need to pay back the card I swiped on the 6th? What is the longest time to pay back the money on this date?

Answer:

1. Your bill date is: the 19th of each month, which is the bill date, that is to say, your bill is between the 20th of each month and the 19th of the following month. The consumption information will be given to you on the bill on the 19th, showing the amount you need to repay;

2. Your repayment date is: the 7th of each month, which is your last repayment day. That is to say, all the bills you incurred must be paid off before the 7th, or repaid according to the minimum repayment amount, otherwise it will be overdue and affect your credit;

Second, how long will it last?

If you want to use money for a long time: spend it around the 20th, and you can pay it back before the 7th of the next month. This period can be up to 50 days.

For example, the bill was released on May 20. If you spend 5,000 yuan on May 21, your bill on June 7 will show that you owe 5,000 yuan, and you must repay in full or the minimum payment on July 7.

So it can be concluded: May 21st to July 7th, this is your spending cycle, nearly 50 days apart.

Three. The difference between the bill date and the repayment date:

1. Under normal circumstances, is it okay to repay before the last repayment date, and is it best to repay in full?

2. If you do not repay in full, you must pay at least the minimum payment;

3. The difference lies in your debt ratio.

For example, for a credit card with a limit of 10,000 yuan, if a cumulative repayment of 9,000 yuan has been made before the 20th, then the bill will show a bill of 9,000 yuan to be repaid, which means that the debt ratio of your card is 90, which is not conducive to credit card cash withdrawals, loans, etc. For credit card cash withdrawals, the debt ratio is generally controlled within 30.

Fourth, how to reduce the debt ratio?

Only a part can be repaid before the bill date, and it can be repaid on the final repayment date.

For example, if you spend 9,000 yuan on a credit card worth 10,000 yuan, and the bill date is the 20th, then you must repay 7,000 yuan on the 18th or 19th, and the bill will show 2,000 yuan to be repaid. Your card's debt ratio is 20. And repay 2,000 yuan before the final bill date. Related Q&A: What do the statement date and repayment date of CCB credit card mean?

1. Credit card statement dates: The billing dates available for China Construction Bank credit cards are: 2, 5, 7, 10, 12, 15, 17, 19, 22, 23, 24, 25, 26 and The cardholder's statement date on the 27th can be viewed on the monthly statement. In addition, the CCB credit card statement date can be adjusted, but the statement date can only be modified once in a calendar year. 2. Credit card repayment date: The CCB credit card repayment date is generally the 20th day after the bill date. If the bill date is the 2nd of each month, then the 22nd of the month is the repayment date. In addition, you can enjoy a longer interest-free period depending on the billing cycle. The interest-free period obtained by swiping the card on the statement date is the shortest, usually 20 days. If you swipe your card after the billing date, the interest-free period will be the longest, usually up to about 50 days.