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What does the minimum repayment date of credit card mean?
There is no minimum repayment date for credit cards, only the last repayment date (that is, the due repayment date) and the minimum repayment amount.

The due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different. For example, Bank of Communications credit card, the billing date is the 3rd of each month, and the billing due date is1October 28th 20 1 1.3.

The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

Extended data

If the cardholder fails to repay in full before the due repayment date and fails to choose the minimum repayment amount of the credit card, the possible penalties are:

1. All consumption funds will no longer enjoy interest-free repayment, and the bank will calculate interest on a daily basis with the consumption amount as the principal from the date of consumption, with a daily interest rate of 0.5 ‰ and compound interest on a monthly basis;

2. Receive phone calls and letters from banks;

3. Freeze the cardholder's account, and feed back the record of arrears to the credit file of the People's Bank of China, which will affect personal credit.

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