1. The repayment date is the 5th, so the card swiped on the 1st of this month will be repaid next month. Generally, the period from the statement date to the repayment date of a bank credit card is about 20 days. According to this calculation, your repayment date is the 5th and the statement date should be the 15th. Then your card consumption on the 1st of this month will be on the 15th of this month. If you repay on the 5th of the next month, you can enjoy a 34-day interest-free repayment period.

2. 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 repayment date is the 20th, the minimum is 20 days and the maximum is 50 days.

3. The billing date means that the card-issuing bank will regularly summarize and settle the various transactions and expenses that occurred in your credit card account in the current period every month, and calculate the interest and calculate the total amount you owe in the current period. and minimum repayments, and send you a statement. This date is your credit card statement date.

4. For example, the cardholder’s credit card statement date is the 1st and the due date for repayment is the 20th. Cardholders made purchases with their cards on November 5th, 12th, and 30th. At this time, the bank will summarize and settle your expenses on December 1st, and confirm the bill amount on December 20th, which will be on the 5th. , the total amount of card consumption on the 12th.

5. Since the billing date usually refers to the billing date, the billing data is as of 23:59:59 the night before the billing date. That is, consumption starting at 0 a.m. on the billing day will be included in the next bill.

Extended information:

Three repayment methods of credit cards

1. Repay in full. When the bill comes out, pay it off in one lump sum. This is the best repayment method, but the funds required are also quite large. If the bill amount is 100,000, then 100,000 funds are needed to pay it back.

2. Installment repayment. After the bill comes out, you can repay the current bill in installments. Generally, it can be divided into 3/6/9/12/18/24 installments. This method is relatively less stressful, but it does require a certain amount of responsibility. installment handling fee.

3. Minimum repayment amount. Every bank will give you a minimum repayment amount (10% of the current bill) when issuing a bill. This method is also the least cost-effective repayment method. If the bill amount is large, high interest fees will be paid. The minimum repayment means spending more money to ensure your credit score, but it will only cost you a little more interest.

Baidu Encyclopedia-Billing Day