How to calculate the billing date and repayment date of a credit card

There is no need to calculate the credit card billing date and repayment date. They are set by the bank to the cardholder when the credit card is issued. of. The credit card repayment date is generally 20-25 days after the statement date. It should be noted that different users and different banks have different billing date and repayment date settings.

Some banks support users to set the billing date independently. After the billing date is modified, the repayment date will be automatically adjusted accordingly.

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

The credit card statement date for cardholders 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 pass them at the same time. (Since the bill date usually refers to the day of the bill, the bill data is as of 23:59:59 the night before the bill date. That is, the consumption starting at 0 am on the bill date will be included in the next bill.)

Note: Since the information in brackets above has not been confirmed with all banks, it is recommended to confirm with your own card issuing bank first

At the same time, it should be noted that the statement date of each bank is not the same day. And for the billing date, some banks also provide the function of modifying the billing date, making your repayment more flexible.

The repayment due date refers to the last date on which the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, you should pay off all the fees you have consumed before the due payment date.

In fact, the repayment due date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank. For example, for a Bank of Communications credit card, the bill date is the 3rd of each month, and the due date for the bill on November 3, 2012 is November 28, 2012.

The repayment due date is also called the final repayment date. If you do not repay in full before the repayment due date and do not choose the minimum repayment amount of your credit card to repay, you may face The penalties are:

1. All consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day when the consumption occurs, with a daily interest rate of 0.5%. Collect compound interest on a monthly basis;

2. Receive reminder calls and letters from the bank;

3. Freeze your account and feedback your debt record to the people The bank will record it in your credit file, which will affect your personal credit;

If you really do not have enough money to repay in full on the due date, then please choose the minimum repayment amount on your credit card to repay. In this way, you only need to repay 10% of the total cost in each installment. This way, although there is no interest-free repayment period, your personal credit will be avoided.

How to calculate the billing date and repayment date of a credit card

The billing date is the date on which all credit card purchases in the current period are finally billed, and the repayment date is when you must repay the credit card debt for the current period. Date, the general repayment date is about 25 days after the bill date. \Take Bank of Communications as an example. For example, if the statement date of a Bank of Communications credit card is the 4th of each month and the repayment date is the 30th of each month, then credit card purchases made on the 5th of each month will get the longest interest-free period. (approximately 55 days), while consumption occurring on the 4th of each month is the shortest interest-free period (approximately 25 days). All consumption after 4 days must be repaid before the 30th of the next month, otherwise overdraft interest will accrue if overdue. If the minimum repayment amount is not paid, which is 10% of the current bill amount, late payment fees will also accrue. Of course, no interest will be charged for full repayment, that is, it is completely interest-free; but if it is not paid in full, the overdraft interest on the credit card will be very high, and interest will be charged at 0.5% per day. \The credit card statement date can be adjusted by the cardholder by contacting the bank. If you are dissatisfied with the date, you can change it by phone or log in to the official website.

How is the credit card settlement date calculated?

The calculation of the credit card settlement date is generally based on the credit card repayment date. The 25th day afterward is the settlement date. Generally, it is based on this Regular calculations. The credit card statement date means that the card-issuing bank will regularly summarize and settle the various transactions and expenses that occurred in your credit card account every month, calculate the interest, calculate your total arrears for the current period and the minimum repayment amount, and provide you with Mail statement. This date is your credit card statement date. The bill settlement date of each bank is different. The longest is the card swiped just after the billing date, which will be recorded in the next month's bill. The next month's repayment is the longest repayment date. The shortest payment date means that if the card is swiped on the billing day, it will be recorded in this month's bill, and the payment must be made this month, which is the shortest payment date.

Different banks have different interest-free repayment periods. Generally, repayment occurs 20 to 50 days after the bill date, which means that the repayment date is about 20 days after the bill date of the current month. If the bill date is May 23, then if you swipe your card on May 24, you can enjoy the longest interest-free period, and then it will decrease in sequence. After the monthly bill is issued, you must pay off the debt according to the repayment date specified by the bank. That’s it. If you don’t pay off the balance in full, you won’t be able to enjoy the interest-free period.

Your billing date and repayment date can be adjusted through negotiation with your bank. If you find the date troublesome and difficult to remember, you can adjust the date, bind your personal bank card to your credit card, and activate automatic repayment. Loan business, so that there will be no delay in repayment.

For example: Bank settlement is from the 1st to the end of each month. For example, if you make a purchase on November 1st, then the bill for this month will be issued on November 31st (bill date), then You have until December 20th to repay the loan (payment date). All repayments made before December 20th are interest-free. If not, interest and bad records will accrue. If you purchase on November 30th, the repayment date is also December 20th. And so on. As a reminder, the repayment date and billing date are different for each bank. The regulations of each bank are slightly different. The latest payment date is generally pushed back 20 or 24 days after the bill date.

What do credit card statement dates and repayment dates mean?

Hello, the billing date is the transaction and expense that the card-issuing bank regularly reports to the cardholder's credit card account every month. The date on which the total settlement will be carried out, interest will be calculated, and the amount payable by the cardholder for the current period will be calculated. Consumption on the billing day will be calculated into the next bill. For details, please show the repayment on the bill. The date on which credit card transactions are recorded in each billing period is called the "Billing Date." The due date for repayment is generally around the 18th day after the bill date (as shown on the bill). The repayment grace period is 3 calendar days after the due payment date.

The billing dates of different cardholders may be different. For example, if the billing date is the 25th of each month, then each bill will record all transactions entered from the 26th of the previous month to the 25th of this month. The corresponding final repayment date is the 13th of the following month. Consumption on the 25th is generally not recorded until the 26th, and will be included in the next period's bill.

If you still have questions, please open the homepage of China Merchants Bank and click "Online Customer Service" in the upper right corner to enter the consultation.

How to calculate a credit card account? How to calculate a credit card bill

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

2. If the credit card bill is not repaid in full on the repayment date, the bank will generally accrue interest at 0.05% on the full amount starting from the day after the first purchase date of the month, that is, only Once you repay the minimum repayment amount, all previous purchases will no longer enjoy the interest-free period. The specific interest will be calculated based on the consumption date.

3. The date between the bank statement date and the due payment date is the interest-free repayment date. The interest-free repayment days are generally 20 days, and the longest is 50 days. Of course, the number of interest-free days will fluctuate depending on the month.

4. The billing date is when the card-issuing bank summarizes and settles the various transactions and expenses incurred in the cardholder's credit card account on a monthly basis, calculates interest, and calculates the cardholder's repayment for the current period. date. All consumption from the last bill date to this bill date will be recorded on the current bill, but the consumption on the bill date will be included in the next bill.

How is the billing date and repayment date of China Construction Bank's credit card calculated?

After the credit card is approved, the customer will have a fixed billing date (attached to the card when the customer receives it) The billing date will be indicated on the card letter, and multiple credit cards must use one billing date). The calculation formula for the billing date corresponding to the repayment date:

1. The billing day is the 1st-10th, and the corresponding repayment date is the billing day 20th, which is the 21st-30th of the month. Tip: If the repayment date is the 29th or 30th of this month, it will be fixed on the 1st of the next month)

2. The billing date is from the 12th to the 28th, and the corresponding repayment date is the bill Day-11 is the 1st-17th of the next month.

Note: The billing date and repayment due date shall be subject to the bill listing

(In case of business changes, please refer to the actual date.)

That’s all for the introduction to how to calculate the billing date for credit cards.