A billing cycle is one month, which is not a natural month, that is to say, it is not a fixed date of 1 to 30, but the same day from the billing date to the next month. On the billing day, the bank will send the accumulated consumption arrears of the last billing cycle to the cardholder by registered mail or e-mail, telling you how much you have spent in this cycle and how much you need to pay back, and telling you the final repayment time.
The last repayment date means that after your bill is consumed at sunrise, if you have enough money, you can start repayment, but the bank will not ask you to pay back the money immediately, and will give you 18-25 days to prepare, which is different from bank to bank.
For example, Bank of Communications must make repayment on the 25th day after the bill date, and Ping An Bank must make repayment on the18th day after the bill date. This repayment time is the final repayment date.
The time of credit card consumption will be affected by many factors, such as the billing efficiency of the issuing bank, the billing efficiency of the consumer merchants, the time when there is a lot of consumption data such as whether the consumption meets holidays, and the specific time of consumption at which point on the billing date.
Generally speaking, if you swipe your card in advance on the billing day, the credit card consumption of major banks will be recorded on that day. If it's late, it's hard to say You'd better see if the current bill has come out before spending. If there is, then the next consumption will naturally be counted as the next bill.
If you don't want to feel so bad, it is safest to simply spend the day after the bill, and you can enjoy the longest interest-free period.
In addition, the billing date and repayment date of credit cards can be modified, and cardholders can apply for adjustment according to their repayment needs. Different banks have different specific regulations.
It should be noted that in order to enjoy the interest-free period, you need to swipe your card through a POS machine or pay online.