How to set the billing date and repayment date is the most cost-effective: you can set the billing date before the date when there are large expenditures, such as paying rent regularly, or before birthdays, special anniversaries and holidays, so that large expenditures can get the longest interest-free period, reduce our repayment pressure and reduce the calculation of interest.

For example, if you need to pay the rent on the 5th of each month, you can set the billing date on or before the 4th of each month to get the longest interest-free period.

Moreover, on birthdays or special festivals, credit cards or consumer shopping malls will launch many preferential activities, such as full reduction, full gift, installment fee reduction and so on. Before setting the accounting date, you can get a longer interest-free period and enjoy special day activities. Why not?

Interest is not calculated for consumption between the billing date and the repayment date. This period is called interest-free period.

For example, if I have a credit card, the billing date is 15 every month, and the repayment date is 5 of the following month, then if I swipe my card on June 14 and the issuing bank issues the bill on June 15, then I need to repay it by July 5 at the latest, and the interest-free period in the middle is only 20 days;

But if I swipe my card on June 16, that is, the day after the bill, then the consumption at this time will be included in the bill of next month, and it will not arrive until July 15, and the repayment date is August 5, so the interest-free period in the middle of our consumption can reach about 50 days, which is a long time.

Therefore, we can know how to use the most cost-effective credit card billing date and repayment date: that is, the interest-free period is extended by nearly one month before the billing date.