For credit card non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the billing date to the final repayment date, and the longest is from the day after the billing date to the final repayment date of next month. If the billing date is 1 day and the final repayment date is 20 days, the shortest is 20 days and the longest is 50 days.
Credit card repayment date
1. Transaction date: the date when the cardholder actually uses the card for consumption, cash withdrawal and repayment.
2. Bank bookkeeping date: the date when the transaction money is credited to the account after the card transaction, or the related expenses and interest are credited to the account according to regulations. General domestic credit card consumption can be recorded in the next trading day; It may take several days for foreign consumption to be recorded.
3. Billing date: refers to the date when the bank counts all the consumption of users in the billing cycle, such as the billing date of China Merchants Bank No.7; Some banks can be modified, such as China Merchants Bank, and some banks cannot be modified, such as China CITIC Bank and China Everbright Bank.
4. Due repayment date: refers to the final repayment period of the current statement. If there is no repayment within the time limit, the corresponding fees will be charged; Generally speaking, the repayment date of CCB and other banks is 20 days after the bill date, and some banks such as Bank of Communications are 25 days after the bill date. Other banks, such as SDB, are accounting days after 19;
5. Interest-free period: For non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 20 days and the longest is 56 days (the interest-free period of credit cards in each bank will be different). During this period, as long as the current payable amount on the current statement is paid in full, any non-cash transaction advanced by the bank to the store does not need to pay interest.
6. Repayment date refers to the date when the cardholder actually repays the arrears to the issuing bank.
Credit card is a credit certificate issued by a commercial bank or credit card company to eligible consumers. The form of credit card is a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.