the consumption of Minsheng credit card after 9: pm on the billing day is counted as the next period. How to calculate the daily consumption of Minsheng Credit Card depends on the settlement time of merchants. Generally, merchants settle accounts on the second day of cardholder's consumption, so that the consumption on the day of credit card billing will be included in the next bill and enjoy the longest interest-free period. However, in some cases, merchants who spend their credit cards complete the settlement with the bank on the same day, so that the consumption on the credit card billing day will be included in the current consumption.

definition of billing date:

billing date means that the issuing bank will regularly summarize and settle all transactions and expenses in your credit card account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and send a statement for you. This date is the billing statement of your credit card. It should be noted that the billing date of each bank is not the same day. And for the billing date, some banks also provide the function of modifying the billing date to make your repayment more flexible.

Definition of interest-free period:

The so-called interest-free period refers to the buffer period for customers to save money after the credit card has zero balance (or the balance in the card is less than the commodity price), which generally means that customers will have this interest-free period after consumption. The longest interest-free period, as an explanation, if the bank stipulates that the 25th of next month is the repayment period, and consumption is made on the 1st of this month, then the longest interest-free repayment period is 56 days; Consume on the 2nd of this month, and the repayment period is 55 days. The longest interest-free period is: most banks such as Bank of Communications, Industrial and Commercial Bank of China and Agricultural Bank are 56 days.

Brief introduction of China Minsheng Bank:

China Minsheng Bank (English name: China Minsheng Banking Corp, Ltd., referred to as CMBC, Minsheng Bank, Shanghai Stock Exchange: 616: 1988) is the first national commercial bank established by private capital in Chinese mainland, which was established on January 12, 1996. Major shareholders include Liu Yonghao's New Hope Group, Zhang Hongwei's Oriental Group, Lu Zhiqiang's China Oceanwide Holding Group, China Shipowners Mutual Insurance Association represented by Wang Yugui, China Life Insurance Co., Ltd., Shi Yuzhu, etc.