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Is the billing date the repayment date?

the billing date is not the repayment date. The billing date refers to the date when the current consumption generates the bill, and the repayment date is the date when the current arrears must be paid off. If the repayment date is exceeded, the interest will be calculated on a daily basis.

1. Credit card billing date:

The date when the bank mailed the credit card bill is your credit card billing date. Your credit card issuing bank will regularly summarize and settle the transactions and expenses of your account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and then mail you the bill for the current period. Simply put, the bank tells you the details of your credit card consumption and consumption in the past month.

II. Repayment date:

Repayment date is the date used to repay the amount listed in the bill. The length of time is generally about 25 days after the bill date, and the specific time of different banks is different.

credit cards have two key dates, one is the billing date and the other is the repayment date. These two dates are generally a fixed date every month.

billing date refers to the date when the bill is issued every month. A bill that adds up to the consumption generated in a period is published on this date.

repayment date refers to the due repayment date of the credit card, and refers to the last date when you should repay the bill (full or minimum repayment amount).

Different billing dates correspond to different repayment dates. Generally speaking, 12 days after the billing date is the repayment date. For example, one of my own credit cards is billed on the 2th of each month, and the 2th is the billing date, and the 8th of the following month is the repayment date. The interval is 12 days. For example, the bill for consumption from December 21st to January 2th will become a bill, and it can be repaid on or before February 8th.