It is best to pay off your credit card before the final payment date. There is generally 20 days from the bank credit card statement date to the final repayment date, and cardholders can repay at any time during this period. If you fail to repay the loan by the final repayment date, the bank may start charging penalty interest, and you will have to pay more, which is not cost-effective.

Just repay before 10pm on the last day of the billing cycle for ICBC, Agricultural Bank of China, CITIC, Minsheng, China Everbright and Pudong Development Bank.

Repayments before 5 pm on the last day of the CCB bill cycle will be counted as the same day, and repayments after 5 pm will be counted as the next day.

Repayments made before 9 pm on the last day of the billing cycle for Xingye, Huaxia and Postal Savings will be counted as the same day, and repayments after 9 pm will be counted as the next day.

Bank of China, Communications, Ping An, China Merchants, and Guangfa require early repayment minus one day on the day the bill is issued.

Credit card consumption time rules of each bank

Consumption after 11 pm will be recorded on the next day. This rule applies to most banks.

For the consumer transaction date of Bank of China, Communications, Ping An, China Merchants, and Guangfa, the billing date will be postponed to the 2nd, based on the billing time.

For Industrial, HuaXia and Postal Savings Bank, the transaction date and billing date for purchases before 9 pm are on the same day, and the billing dates for purchases after 9 pm are the next day.

The transaction date and billing date of CCB’s consumption before 5 pm is the same day, and the billing date for consumption after 5 pm is the next day.

The consumer transaction date and accounting date of ICBC, Agricultural Bank of China, CITIC, Minsheng, Everbright, and Pudong Development Bank are recorded at the same time, without extension.

What else should I pay attention to when repaying the loan?

1. The cash withdrawal fee cannot be paid in installments

Occasionally, when cash is needed urgently, a credit card will be used to withdraw money. Come for urgent use. As we all know, there is a handling fee for withdrawing cash by credit card, and this handling fee cannot be installmentd. If you use a credit card to withdraw cash, you must remember this account.

2. The temporary limit cannot be divided into installments

Similar to the cash withdrawal fee, the temporary limit is used to relieve the credit card limit in seconds, and can avoid the embarrassing situation of insufficient limit during holiday consumption. However, the temporary quota used cannot be installmentd, and you must pay back as much as you use. Therefore, cardholders should not overdo it when using the temporary limit~

3. Pay attention to automatic repayment

A must-have service for lazy and forgetful people. Turning on automatic repayment can automatically help you pay off your debt on the repayment date every month, which is good news for lazy and forgetful people. Although automatic repayment is good, it still has shortcomings. If the balance in your savings card for automatic repayment is not enough to repay, the automatic repayment will fail. If you are not careful at this time, you may not repay in time. , resulting in overdue. Therefore, when using automatic repayment, make sure there are sufficient funds in the savings card to repay the loan.