If the billing date of ICBC's credit card is 1, the repayment date is 25th of the following month.
The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after issuing the bill, the issuing bank should pay off all the expenses before the due repayment date. You can also choose to apply for installment payment three days before the final repayment date. Or make the minimum repayment before the final repayment date.
If you don't pay in full before the due repayment date, and you don't choose the minimum repayment amount of the credit card and apply for installment payment, you may face the following penalties:
1. All consumption funds will no longer enjoy interest-free repayment, and the bank will calculate interest on a daily basis with the consumption amount as the principal from the date of consumption, with a daily interest rate of 0.5 ‰ and compound interest on a monthly basis;
2. Receive phone calls and letters from banks;
3. Freezing the account and feeding back the record of arrears to the People's Bank of China and recording it in the credit file will affect personal credit.
The credit card billing date means that the issuing bank regularly summarizes and settles the current transactions and expenses of the credit card account every month, calculates the total amount owed and the minimum repayment amount in the current period, and mails the statement or sends an electronic bill.
For the bookkeeping date, ICBC provides the function of modifying the bookkeeping date. The billing date can be adjusted between 1 or 12, and the final repayment date can be adjusted between 25 and 5, making repayment more flexible.
The final repayment date of ICBC is only 5 or 25 days, and there is no such thing as 20 days.
Credit card will be swiped on May 18, and repayment will be made on May 19. If you swipe your card for one year (including online shopping), you can avoid the annual fee for the following year, or you can also avoid the annual fee for a one-time consumption of 5,000 yuan.