how to calculate the repayment date of the credit card?

hello, if you hold a China merchants bank credit card, the credit card has a specified billing date and repayment date, and the repayment is periodic. "billing date" refers to the date when the card issuer summarizes the cardholder's accumulated outstanding consumer transaction principal, cash withdrawal transaction principal, expenses, etc. every month, calculates the interest and calculates the amount that the cardholder should repay. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and it can be returned to the credit card before 24 o'clock on the repayment date at the latest). For example, if the 5th of each month is the billing date and the 23rd of each month is the repayment date, the consumption from the 5th of last month to the 4th of this month will be repaid on the 23rd of this month. You can call the credit card to manually confirm the billing statement and repayment date of your credit card.

How to calculate the repayment date of credit card

There are two ways to calculate the repayment period of credit card: 1. It is clearly stipulated that one day of each month is the interest-free deadline, and the interest-free period is the date from the consumption date to the deadline. 2. The cardholder sets a single date, and then sets the latest repayment date according to the billing date. The interest-free period is the date from the consumption date to the latest repayment date. The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after the issuing bank issues the bill, it should pay off all the expenses previously consumed before the due repayment date. In fact, the due repayment date is the last day of the interest-free repayment period. Before that, 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, the billing date of ICBC's credit card is the end of each month, that is, the 3th or 31st, and the repayment date is the 25th of the following month. If you spend money on the 1st of the current month and repay it on the 25th of the following month, you can enjoy an interest-free period of up to 56 days. The repayment date of CCB credit card is 2 days after the bill date. For example, the 5th of each month is the billing date, and the due repayment date is the 25th of that month. The final repayment date of Agricultural Bank credit card is the 25th day after the bill date. The last repayment date of China Merchants Bank's credit card is 18 days after the billing date, that is, if the 5th is the billing date, the last repayment date is the 23rd of the current month, and if the 17th is the billing date, the 5th of the next month is the last repayment date (regardless of month or month).

How to calculate the credit card repayment date

Different banks calculate the credit card repayment date in different ways, which can generally be divided into two situations: 1. It is clearly stipulated that one day of each month is the interest-free deadline, and the interest-free period is the date from the consumption date to the deadline. For example, ICBC's Peony Credit Card stipulates that the billing date is the last day of the end of the month and the repayment date is 25th. For example, if a user spends a sum on January 1st, he can repay it on February 25th at the latest, and enjoy an interest-free period of up to 56 days.

2. The cardholder sets a billing date, and then sets the latest repayment date according to the billing date. The interest-free period is the date from the consumption date to the latest repayment date.

if the bank stipulates that the credit card repayment date is how many days after the bill date. For example, the repayment dates of CCB, BOC and China CITIC Bank are 2 days after the billing date of credit cards, and those of Bank of Communications and Agricultural Bank are 25 days after the billing date. For example, the billing date of Agricultural Bank of China is 1 days, so the repayment date is 5 days.

the due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after the issuing bank issues the bill, it should pay off all the expenses previously consumed before the due repayment date. In fact, the due repayment date is the last day of the interest-free repayment period. Before that, 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.

so much for the introduction of how to calculate the repayment date of credit cards.