The statement date refers to the date when the account is settled every month, including interest collection, partial fee calculation, calculation of the minimum repayment amount, etc., and the statement is mailed to the cardholder.

Minimum repayment means that if the cardholder has difficulty repaying all the amount due before the due repayment date, he can repay according to the minimum repayment amount stipulated by the card issuing bank, but he cannot enjoy interest-free repayment. The minimum repayment amount is 10% of the consumption amount plus other various payables.

There is no minimum repayment date, only the final repayment date, which is the due repayment date. The last repayment date is the 20th day from the second day of the bill date.

Extended information:

The impact of continuing to use the minimum payment of a credit card

1. Full penalty interest

From the consumption amount of the previous period Starting from the day it is entered into the account, an interest of 0.05 will be charged every day until it is paid off in full. If you have been using the minimum repayment amount, the interest will be calculated based on compound interest. The more money you owe, the more money you owe, which is equivalent to penalty interest.

2. Actual high interest rate

The minimum repayment interest on a credit card is 0.05, which translates to an annual interest rate of 18.25. Including compound interest, the amount is even higher, which is considered a high interest rate.

3. It is more difficult to control

If you use the minimum repayment method on your credit card for a long time, you will not feel the high interest expenses. You always think that there is no pressure to repay, so you will not go Control your own consumption, resulting in a blind consumption concept that makes it difficult to extricate yourself.

4. Bad credit record

If you live on the minimum repayment amount for a long time, the more money you owe, the more money you owe. When you cannot make ends meet, you will not be able to pay off your credit card, which will affect your personal credit. Records, life with bad credit cards is hindered at every turn.

5. Reduce the limit and block the card

If you use the minimum payment amount of a credit card for a long time, some banks will think that you do not have enough financial strength and may reduce the limit of your credit card. If you are overdue, your card will be blocked, which is equivalent to being on the bank's blacklist.

Baidu Encyclopedia - Billing Date?

Baidu Encyclopedia - Repayment Due Date?

Baidu Encyclopedia - Minimum Repayment Amount