how to calculate the consumption of credit cards after the repayment date?

the credit card consumption after the repayment date is included in the next bill (after the billing date, it is included in the next bill).

first, credit cards are generally consumed on the day of the billing date, and they can enjoy the shortest interest-free period;

second, those who spend on the day after the bill date can enjoy the longest interest-free period;

Example:

A bank's credit card billing date is 2th of each month, and the repayment date is 8th of each month, so if the bill is spent on July 2th, it must be repaid before August 8th, so the interest-free period is the shortest;

if it is consumed on July 21st, it belongs to the bill of August 2th, and it should be repaid before September 8th, so you can enjoy the longest interest-free period.

introduction of CreditCard:

credit card (English: credit card), also called credit card. It is a non-cash transaction payment method and a simple credit service.

Credit cards are generally special carrier plastic cards with consumer credit, which are 85.6mm long, 53.98mm wide and 1mm thick. It is issued by banks to individuals and units, whereby they can shop, spend money and deposit and withdraw cash from banks. The form is a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front, and the card surface has chips, magnetic strips and signature strips.

Credit cards are issued to cardholders by banks or credit card companies according to users' creditworthiness and financial resources. Cardholders don't need to pay cash when they use credit cards, and they will make repayment on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards issued by banks, which give cardholders a certain credit limit, within which they can spend first and then repay. Quasi-credit card refers to a quasi-credit card issued by a bank, where the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

how to calculate the credit card account how to calculate the credit card bill

1. The calculation method of the billing date is the total amount of consumption before the billing date-the previous balance = the bill amount.

2. If the credit card bill is not fully repaid on the repayment date, the bank will generally interest the full amount of consumption at .5 ‰ from the day after the first consumption date of the month, that is, only the minimum repayment amount is repaid, and the previous consumption will no longer enjoy the interest-free period. The specific interest will be calculated according to the consumption date.

3. The date from the bank billing date to the due repayment date is the interest-free repayment date. The interest-free repayment date is generally 2 days, and the longest is 5 days. Of course, the interest-free repayment date will fluctuate according to different months.

4. The billing date is the date on which the issuing bank regularly collects and settles the transactions and expenses of the cardholder's credit card account in the current period every month, and calculates the interest and the payable amount of the cardholder in the current period. All the consumption after the last billing date and before this billing date will be recorded in the current bill, but the consumption on the billing date will be included in the next bill.

how to avoid the annual fee for credit cards, and what is consumption?

1. The annual fee of credit card means the use fee of credit card, which means the service fee charged by banks for providing credit card services to cardholders. In addition, the annual fee standards of various credit card products of each bank are open, so that relevant information can be found on the official website.

2. Under normal circumstances, both the ordinary credit card and the gold card are exempt from the annual fee in the first year, so as long as you swipe your card for a certain number of times in the year when you open the card, you can waive the annual fee in the following year. However, the number of swipes that each bank needs to achieve without annual fee is different, and the specific situation should be based on the standards published by the credit card issuing bank.

3. You don't have to swipe your card, but you have to pay the annual fee backwards, which is certainly not cost-effective. However, different banks have different annual fee-free rules, which makes it easy for cardholders to inadvertently generate annual fees.

it is generally believed by cardholders that the annual fee is waived in the first year and the annual fee is waived in the next year when the card is swiped to a certain standard, but this is not the case for all cards. For example, ICBC's credit card does not have an annual fee in the first year, but it needs to be swiped for 5 times or spend more than 5, yuan to avoid the annual fee for that year; According to the regulations of CITIC Bank, the annual fee for the first year can only be waived by swiping the card once in the first month after issuing the card.

In terms of the rules of exempting the annual fee for the following year, some banks stipulate that it can be free as long as they swipe their cards for more than three times, such as China Construction Bank [6.23.85%] and China Everbright Bank; Some banks require more times to swipe their cards. For example, SDB credit cards require 18 swipes to exempt the annual fee for the following year. Most banks, such as ICBC, Agricultural Bank of China, Bank of China, Bank of Communications, China Merchants Bank, etc., are exempt from the annual fee for 5-6 times.

the financial planner of yinlv. com pointed out that because the annual fee is not the main source of income for domestic credit card issuers, banks generally stipulate that the annual fee will be waived only after swiping the card for a certain number of times, and there is no limit on the amount. However, banks that limit the amount of consumption are not without it. For example, Shanghai Pudong Development Bank stipulates that if the consumption is over 2, yuan or more, the annual fee for the following year can be exempted.

It is also particularly noteworthy that the annual fee-free rules of banks are not immutable. The staff of the Credit Card Center of Bank of Communications [8.794.27%] told the reporter that the annual credit card fee is based on the collection time of the annual fee in the first year, and it is pushed back for 12 months, which is the collection time of the annual fee in the next year. Generally, the annual fee-free rules of Bank of Communications credit cards will be notified to cardholders by SMS at the end of the year or the beginning of the following year, and cardholders need to pay attention to whether the annual fee-free rules have changed.

4. Generally speaking, ordinary credit cards can enjoy the annual fee-free rule, while the annual fees of gold cards, platinum cards and diamond cards are usually unavoidable. In addition, some high-end platinum cards and unlimited cards don't have an annual fee-free policy for the first year. Even if they are not activated, they will be charged an annual fee. As long as they are approved, the annual fee will be credited immediately, so you should repay them in time.

that's enough for the introduction of how to calculate credit card consumption.