How to calculate the billing date and repayment date of Bank of China Credit Card

The billing date of Bank of China Credit Card is from the 1st to the 28th, and the repayment date is 20 days after the billing date. . For example, if the bill date is the 1st, then the repayment date will be the 21st. In addition, Bank of China also provides a 3-day repayment grace period, so users have 3 days to repay in addition to the repayment date. Users can choose to change the billing date. After the billing date is changed, the repayment date will also change accordingly. When users have multiple credit cards, they can stagger the credit card repayment time by adjusting the credit card billing date, which can effectively extend the interest-free period of the credit card.

Notes on credit card repayment:

1. Repayment time

It is best to repay a few days in advance before the repayment date every month, so that It can ensure that the payment is not overdue, and it can also help to increase the credit limit on your credit card. Because the repayment on the repayment date may not arrive in time, there may be a risk of overdue; if the repayment amount is large and exceeds the bank limit, multiple repayments may be required, which may also result in delays in arrival. timely. Coupled with the monthly repayment threshold, the bank may also question the cardholder's ability to repay.

2. Overdue time

The so-called overdue does not necessarily mean that if the payment is not repaid on the last payment date, it will be overdue. Most banks will have a grace period of 1 to 3 days. That is to say, if there is a grace period, the real overdue means repayment after the grace period. Of course, some banks do not have a grace period, such as Industrial and Commercial Bank of China, so you need to consult the card-issuing bank to find out. It should be noted that being overdue does not mean that you can no longer apply for bank credit business. Most banks will judge the overdue situation based on the credit report. If the cardholder has been overdue for three times in a row, there is basically no hope. If you are only overdue once or twice and repay the loan immediately after it is overdue, the impact will not be too great.

3. Repayment method

It is best to use a repayment method that is free of handling fees and arrives in your account in real time, such as mobile bank transfer, UnionPay APP repayment, etc. Basically All can be achieved.

How to calculate the credit card repayment date?

Different banks calculate the credit card repayment date in different ways. Generally, it can be divided into two situations: 1. It is clearly stipulated that one day of each month is The interest-free deadline is the period from the consumption date to the deadline. For example, ICBC’s Peony Credit Card stipulates that the billing date is the last day of the month and the repayment date is the 25th. For example, if a user makes a purchase on January 1st, he or she can repay the payment by February 25th at the latest, enjoying the longest 56 days interest-free period.

2. The cardholder sets a billing date, and then sets the latest repayment date based on the billing date. The interest-free period is the date between the consumption date and the latest repayment date.

If the bank stipulates that the credit card repayment date is how many days after the statement date. For example, the repayment date for China Construction Bank, Bank of China, CITIC Bank, etc. is 20 days after the credit card statement date. The repayment date for Bank of Communications and Agricultural Bank of China credit cards is 25 days after the statement date. For example, the Agricultural Bank of China credit card statement date is 10 days, then the repayment date is It's the 5th.

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. In fact, the repayment due 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.

What is the repayment date of Bank of China credit card every month?

The repayment date of Bank of China credit card is calculated based on the statement date, and the repayment date is 20 days after the statement date. If the bill date is the 10th of each month, then the repayment date is the 30th of each month. Since the billing date can be modified, the repayment date for each user is not fixed. You only need to remember that there is a 20-day difference between the repayment date and the billing date.

For example, if the bill date is the 8th of each month and consumption is made on June 1, the consumption record will be recorded in the bill on June 8, and the latest repayment date is the 20th day of the bill date. The 28th day after the next day; if you consume on the 9th of each month, you can enjoy the longest interest-free period. The consumption from the 9th of this month to the 8th of the next month will be recorded in the bill on the 8th, and the billing will be cycled.

1. In 2009, Bank of China ranked 11th in the ranking of "The World's 1,000 Largest Banks" by the British "Banker" magazine.

In 2009, the "All-Star List of China's 25 Most Respected Listed Companies" better reflected the competitive environment faced by China's listed companies. This survey *** involved 17 industries and 457 candidate companies. Bank of China was selected into the star list due to its good reputation.

2. In 2010, Bank of China Co., Ltd. was successfully shortlisted for the "Buffett Magazine Annual Financial Awards" jointly organized by "Buffett Magazine", "World Economist Weekly" and World Enterprise Competitiveness Laboratory. 2010 (Seventh) China’s 25 Listed Companies with the Most Investment Value”, ranking 7th.

3. In 2011, the Financial Stability Board, an international financial supervision and advisory body, released a list of 29 banks with systemic influence in the world in Cannes, France. Bank of China became the only one selected among China and even emerging economies. of institutions. On September 23, 2011, Bank of China’s first overseas commodity financing center was launched in Singapore. Yue Yi, Vice President of Bank of China, said that Bank of China is the first Chinese bank to establish a regional center for commodity financing business and a regional center for forfaiting business overseas. With the development of trade in the Asia-Pacific region, especially the development of trade between China and Southeast Asia, the trade financing business of Chinese banks is also developing rapidly. Bank of China, which has been operating in Singapore since 1936, is also facing new development opportunities. As of 2013, Bank of China has 7 branches in Singapore. Bank of China Singapore Branch also signed an agreement with Unipec, a subsidiary of Sinopec, to carry out commodity trade financing on the same day. Chinese Ambassador to Singapore Wei Wei and Assistant Director of International Enterprise Singapore Li Xiuting attended the listing and signing ceremony that day.

How are the statement dates and repayment dates for Bank of China credit card stipulated?

1. Statement date:

There are 28 bill dates for Bank of China credit card statements. , these 28 billing days are from the 1st to the 28th. The billing date is randomly determined by BOC credit card holders when they apply for a credit card. Under normal circumstances, customers cannot adjust the billing date.

The statement date of Bank of China credit card can be modified, but Bank of China has restrictions on the range of statement date choices. Cardholders can choose from 7, 8, 9, 10, 12, 14, 15, 17, Choose from 19, 21, 23, 24, 25, 26, and 27. Once the billing date is changed, the repayment date will also change. The repayment date will be pushed back 20 days from the billing date.

2. Repayment date:

The repayment date of Bank of China credit card is calculated based on the 20 days after the bill date. If the 5th is the bill date, then it is due. The repayment date is the 25th of the month. Bank of China provides a minimum repayment grace period of 3 days. If the repayment is not made in time due to other reasons, no interest will be charged if the repayment is made within 3 days after the due payment date.

Extended information:

1. The interest-free repayment date refers to the period from the statement date to the due payment date. The maximum interest-free period for Bank of China credit cards is 50 days. The shortest time is naturally 20 days. Depending on the time you swipe the card, the interest-free period you can enjoy will naturally be different. If you spend the day after the billing date, you can enjoy the longest interest-free period.

2. Bank of China provides a 1% repayment tolerance. If there is a small change that is not repaid due to forgetting the repayment amount, interest will not be charged. For example: If the debt is 10,100 yuan, and only 10,000 yuan has been repaid, leaving 100 yuan unpaid, no overdraft interest will accrue in the next bill.

3. Bank of China debit cards, Great Wall credit cards, current savings accounts, etc. can be associated with credit cards for automatic repayment, and the automatic repayment amount can be flexibly set.