The billing date and repayment date of a credit card are already set before the card is issued.

The billing date and repayment date of the credit card will be marked on the paper attached to the credit card in the registered letter sent by mail, so please check carefully.

The billing date of a credit card is fixed every month, and the repayment date is fixed at a certain number of days after the billing date. The repayment date for a Bank of China credit card is 20 days after the statement date. When calculating the repayment date, if it spans multiple months, distinguish between large and small months. For example, if the billing date is April 5th, then the card consumption between March 6th and April 5th will be billed a few days after April 5th, and the payment must be made before April 25th, the repayment date. , the payment cannot be made later than the repayment date. Otherwise, overdue interest and late payment fees will be charged, which will also affect your personal credit record.

As long as you are able to repay in full, do not repay according to the minimum repayment amount. The minimum repayment amount is generally 10% of the current bill amount. However, once you repay according to the minimum repayment amount, you will be charged recurring fees. Interest is charged from the date when the current consumption is recorded until all the debt is paid off. The total amount of the current bill is used as the principal, and interest is charged at a rate of 50,000 per day, and compound interest is collected on a monthly basis.