Billing date: It means that the issuing bank collects and settles all the transactions and expenses of your credit card account in the current period on a regular basis every month, calculates the total amount owed and the minimum repayment amount in the current period, and sends a statement for you. This date is your credit card bill.

Repayment date: refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. In other words, after the issuing bank issues the bill, you should pay off all the expenses you have consumed before the due repayment date.

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Example of bill:

Card friends' credit card bill date is 1, and the due repayment date is 20th. Card friends1October 5th, 2nd, 30th. 165438+. At this time, the bank will make a summary settlement of your expenses on the day of February, 1, and it will pass at the same time.

Liquidated damages for overdue repayment (failure to repay in full before the due repayment date, failure to select the minimum repayment amount of credit card):

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 your account, feed back your arrears record to the People's Bank of China and record it in your credit file, which will affect your personal credit;

If you really don't have enough money to repay in full on the due date, please choose the minimum repayment amount of the credit card. If you repay in this way, you only need to return 10% of the total cost each time, so that although there is no interest-free repayment period, you can avoid personal credit damage.

References:? Baidu Encyclopedia-Billing Date Baidu Encyclopedia-Repayment Date