How is the credit card repayment date calculated?
Credit card repayment date: Different banks have different calculation methods for credit cards, but there are generally two categories: First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from the consumption date. Calculate the date between the starting date and the due date; second, the cardholder sets a single day, and then sets the latest repayment date based on the bill date. The interest-free period is from the consumption date to the latest repayment date. date.
1. The billing date for ICBC credit card is the end of each month, that is, the 30th or 31st, and the repayment date is the 25th of the following month. Assume that you consume on the 1st of the month and repay on the 25th of the following month. You can enjoy an interest-free period of up to 56 days. ICBC's billing date and repayment date are fixed, which is better than other banks. Other banks do not have fixed billing dates and repayment dates.
2. The repayment date for CCB credit cards is 20 days after the bill date. For example, the 5th of each month is the billing date, and the payment due date is the 25th of the month.
3. The repayment date for Bank of China credit cards is 20 days after the bill date, that is, if the 7th is the bill date, the due repayment date is the 27th of the month.
4. The final repayment date for Agricultural Bank of China credit cards is the 25th day after the statement date.
Extended information:
1. Take mobile banking as an example. Currently, all banks basically have corresponding exclusive apps for credit cards, such as China Merchants Bank’s Mobile Life and Bank of Communications’ Pay Bar. Wait, these apps basically support the associated repayment of the bank's or other banks' debit cards, and do not charge handling fees.
2. Most banks’ mobile banking inter-bank transfers and intra-bank transfers are free and instant. You can choose a bank you frequently use to apply for a debit card, open mobile banking, and then bind all your credit cards. When it's time to repay, you can transfer funds directly across banks instantly. In this way, as long as you have your mobile phone in hand, you can repay anytime and anywhere. It is very convenient and there are no handling fees.
How to calculate the credit card repayment date?
There are two calculation methods for credit card repayment period: 1. Clearly stipulate that a certain day of each month is the interest-free deadline, and the interest-free period is The date from the consumption date to the expiry date. 2. The cardholder sets a single day, and then sets the latest repayment date based on the bill date. The interest-free period is the date from the consumption date to the latest repayment date.
"Credit Card Business Management Measures"
Article 17 allows cardholders to make overdrafts for consumption purposes within the limit and period specified in these Measures. The overdraft limit is 10,000 for gold cards. Yuan, ordinary card 5,000 yuan.
Article 18 The maximum overdraft period of a credit card is 60 days.
Article 19 Credit card overdraft interest will be calculated at a daily interest rate of 5/10,000 within 15 days from the date of signature or bank accounting date, and a daily interest rate of 10/10,000 for more than 15 days, and 10/10,000 for more than 30 days. Or if the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.
How to calculate the credit card repayment date?
The repayment due date is 20 days after the bill date. Since the number of days in each month is different, February has a special number of days. It is recommended that you arrange your repayment accordingly. For payment matters, you can check your credit card bill through Bank of China mobile banking, "Bank of China Credit Card" WeChat official account, Colorful Life APP, and online banking. Please refer to the due date of repayment shown on the bill for the specific date.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
How to calculate the credit card repayment date?
1. Credit card purchases generally made on or before the bill date are included in the current bill, and should be repaid before the repayment date after the current bill date. The interest-free period that can be enjoyed is the shortest
p>
2. Any consumption on the day after the bill date will be included in the next bill and should be repaid before the repayment date after the next bill date. The longest interest-free period can be enjoyed;
3. The interest-free repayment period for credit cards is 50 days, which is the same for every domestic bank.
4. The calculation method of time depends on the billing date and consumption date, which is not fixed.
Extended information
Develop good records
(1) When using a credit card, you need to know the repayment date and billing date of the credit card. It is recommended that customers use a credit card to overdraft. , repay the loan on time and in full amount on the repayment date.
(2) Repay overdrafts promptly to avoid forming a bad credit record. In the long run, good credit card transactions and repayment behavior will help build a good personal credit record.
(3) For ordinary customers, holding 2-3 credit cards can basically meet their needs. For credit cards that have not been used for a long time, the account should be canceled in time to reduce the risk of card loss and avoid bad records caused by failure to pay annual fees in time.
(4) Never lend your credit card to others. Credit is priceless. Do not base your personal credit on trust in others.
Baidu Encyclopedia - Credit Card Repayment Due Date
How to Calculate the Repayment Date of a Credit Card
1. The credit card repayment date generally refers to the last payment date , calculating the final repayment date requires knowing your billing date and interest-free period. Different banks have slightly different regulations on credit card repayment dates and interest-free dates.
2. Generally speaking, about twenty days after the bill date is the final repayment date, and the time between the two becomes the interest-free repayment period, which means that the credit card is repaid during this period. No interest will be paid on the outstanding balance of the bill.
3. In addition, the statement date and repayment date of most banks can be modified. If your repayment date does not suit you, you can apply to the bank for modification.
For more information on how to calculate the credit card repayment date, go to: View more content
How is the credit card repayment date calculated?
The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to repay the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date. The due payment date is the last day of the interest-free repayment period. Repayments before this date are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.
Credit cards from different banks have different calculation methods. There are generally two types:
First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from consumption. The date between the day and the due date;
The second is to set a single day by the cardholder, and then set the latest repayment date based on the bill date. The interest-free period starts from the consumption date. to the latest payment date.
For more information about how to calculate the credit card repayment date, go to: View more content
That’s all for the introduction of how to calculate the credit card repayment date.