How to calculate the credit card repayment date?

Hello, if you hold a China Merchants Bank credit card, the credit card has a specified billing date and repayment date, and the repayment period has a cycle. The "billion date" refers to the cumulative unpaid balance of the card issuer to the cardholder every month. The principal of consumption transactions, the principal of cash withdrawal transactions, fees, etc. are also summarized, the interest is calculated, and the date on which the cardholder should repay the amount is calculated. "Repayment due date" refers to the last date stipulated by the card issuer when the cardholder should repay the entire amount due or the minimum repayment amount (the consumption amount can be repaid before the due repayment date, and the payment must be made no later than the due date). Just pay it back to your credit card before 24:00 on the day of payment). For example: If the 5th of each month is the billing day and the 23rd of each month is the repayment day, then the consumption from the 5th of the previous month to the 4th of this month will be repaid on the 23rd of the month. You can call your credit card to manually confirm the billing date and repayment date of your credit card.

What is the date of credit card repayment every month?

The credit card repayment date is basically 20 or 25 days after the bill date. If the bill date is set to be monthly 5th, 20 days after the statement date is the last credit card repayment date, which is the 25th of the month.

The amount required to be repaid on the 25th is the expenses incurred before the bill date, and the amount consumed after the bill date will be displayed on the next bill date.

The credit card repayment period is calculated based on the billing date and consumption date of the credit card and is not fixed. The bank will tell you the billing date when it issues the card, and each bill will also have a billing date. You can enjoy the longest interest-free repayment period if you spend the day after the bill date, and you can enjoy the shortest interest-free repayment period if you spend the day before the bill date. The interest-free repayment period of a credit card ranges from 20 to 50 days.

There are various repayment methods for credit cards. The following are some commonly used repayment methods:

1. It is most convenient to bundle a savings card for repayment. When applying for a credit card, it is bound to the bank's savings card. The bank will automatically deduct the amount when the payment is made. There is no need to go to the bank to transfer funds manually, which is convenient.

2. Transfer money via online banking first, which is safe. Open the card-issuing bank's online banking, log in to the online banking, enter ++ and password, and you can complete the repayment without any handling fees.

3. Third-party repayment is convenient. Alipay wallet currently supports credit card repayments from more than 30 banks, and you can set a "repayment reminder date".

4. Lakala repayment. There are relatively few credit card outlets, but there is a handling fee for repayment, which is 2 yuan/transaction. There are three repayment methods for credit cards:

Full repayment: Pay off in one go after the bill comes out. This is the best repayment method, but the funds required are also quite large. If the bill amount is 100,000, then 100,000 funds are needed to pay it back. There are actually two repayment modes for full repayment, one is the one-time repayment mentioned above, and the other is

multiple cumulative full repayments. The bank does not force a one-time repayment. We can repay it in multiple installments, as long as we repay the total amount of the bill before the final repayment date. For example, if the current bill is 10,000 yuan, we can repay 1,000 yuan at a time and 10 yuan. times, that’s enough for 10,000 yuan.

Instalment repayment: After the bill is issued, the current bill will be repaid in installments. Generally, it can be divided into 3/6/9/12/18/24 installments. This method is relatively simple. It is said that the repayment pressure is relatively small, but a certain installment fee will be borne.

There is also a minimum repayment amount: every bank will give you a minimum repayment amount (10% of the current bill) when it issues a bill. This method is also the least cost-effective repayment method. , if the bill amount is large, high interest charges will be paid. The minimum repayment means spending more money to ensure your credit score, but it will only cost you a little more interest. Please manage your credit cards effectively and avoid overdue payments.

What day of the month is the credit card repayment date?

The credit card repayment date is usually around the 18th to 25th day after the billing date, and it depends on the billing date. , the specific date is different for different banks and different credit cards. For example: Bank of China credit card statement date: 1st to 28th, Bank of China credit card repayment date: 20 days after the statement date is the due repayment date; Industrial Bank credit card statement date: the optional 2nd of each month, The 4th, 8th, 11th, 13th, 18th, 21st, and 23rd are the repayment dates for Industrial Bank credit cards: the 20th day from the statement date.

The billing date for ICBC credit cards is fixed at the end of each month, which is the 30th or 31st, and cannot be changed. The repayment date for ICBC credit cards is fixed at the 25th of the following month.

Each cardholder must pay off the bill before the repayment date. If the bill is not paid off in time, resulting in overdue payment, the bank will report the overdue record to the credit reporting system. In addition, banks will also charge late payment fees and penalty interest. For example, if a China Merchants Bank credit card is overdue, a late payment fee of 5% of the minimum unpaid balance and a penalty interest of 0.05% will be charged for all consumption in the current period. It will be charged from the accounting date until the cardholder pays off all.

Billing date: refers to the card issuer’s monthly summary of the cardholder’s accumulated unpaid consumption transaction principal, cash withdrawal transaction principal, fees, etc., calculates the interest, and calculates the cardholder’s repayment The date of the payment. Everbright Bank credit card statement dates are the 1st, 5th, 8th, 15th, 18th, 22nd and 25th of each month. When the Everbright Bank credit card is approved, the system automatically generates a statement date, which cannot be changed after it is generated.

Repayment due date: refers to the last date specified by the card issuer when the cardholder should repay the entire repayment amount or the minimum repayment amount. The final repayment date for Everbright Bank credit cards is 20 days after the statement date; for example, the 7th is the statement date and the final repayment date is the 27th of the month.

How to repay credit card repayment:

1. Use online banking for repayment, log in to online banking at the bank card location, and select "Credit Card Service" in the transaction toolbar;

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2. Perform "Credit Card Repayment" in the credit card service, enter the repayment page, and click "Repayment";

3. The page will display the repayment information. , click "Confirm" after verification to proceed with the credit card

Credit card repayment time

The credit card repayment period is generally 20 or 25 days after the bill date. However, this repayment date is the final repayment date. Even if the consumption amount is not recorded in the account, users can choose to repay in advance. Therefore, the repayment period of a credit card is more about informing the user of the final repayment time, and the user must complete the final repayment on the repayment date.

The repayment time of a credit card can be divided into the following two time periods:

Normal repayment time

From the credit card statement date to the last repayment date , which is the normal repayment time of the credit card. Repayments during this period are all normal repayments.

It is recommended to repay the loan two to three days before the repayment date. If the repayment time is too early, the interest-free period provided by the bank will be used too little and it is not cost-effective;

If the repayment is too late, especially on the repayment date, it may be due to busy work Forgetting to repay due to other reasons,

or funds not arriving in time, may cause overdue repayment and form an overdue record.

Early repayment time

Any repayment before the bill date is considered early repayment. If it is not due to special reasons, it is recommended that you do not need to repay the loan in advance.

Some cardholders believe that early repayment will help the bank increase their credit limit. In fact, this idea has no factual basis.

The interest-free period provided by the bank can be used normally. As long as you repay before the repayment date, there is no need to repay too early.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip.

Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

When is the credit card due?

Generally speaking, it is 18 to 25 days after the statement date.

The credit card repayment period is calculated based on the billing date of the credit card and the date of consumption using the credit card, and is not fixed.

The bank will inform you of the billing date when issuing the card, and each bill will also have a billing date.

The repayment period varies from bank to bank. Generally speaking, it is 18 to 25 days after the statement date. The shortest is 18 days for China Merchants Bank, and the longest is 25 days for Industrial and Commercial Bank of China. sky.

The period from the date of consumption with the credit card to the billing date plus the repayment period is the date when you can enjoy interest-free repayment.

According to this calculation scheme, consumption on the day after the bill date can enjoy the longest interest-free repayment period, and consumption on the day before the bill date has the shortest interest-free repayment period. Generally speaking, the interest-free repayment period of credit cards ranges from 20 to 50 days.

For example: your bill date is the 12th, the date you use your credit card to make a purchase is the 11th, and the interest-free repayment period stipulated by your card-issuing bank is within 20 days after the bill date, then your Repayment only takes 20 days. If the date you use your credit card to make a purchase is the 13th, the purchase will be included in the next bill. Your bill will not be generated until the 12th of the next month, so you have 50 days of interest-free repayment. The period is 30 days from the 13th day of the card payment to the 12th day of the next month when the bill is generated plus 20 days after the bill is generated.

Supplementary information:

Credit Card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service. Credit cards are generally 85.60 mm long, 53.98 mm wide, and 1 mm thick, special carrier plastic cards with consumer credit. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip. Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the billing date (English: BillingDate). Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards issued by banks and give cardholders a certain credit limit, and the cardholders can consume within the credit limit and then repay; quasi-credit cards It refers to a quasi-credit card issued by a bank, and the cardholder is required to deposit a certain amount of reserve fund. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

When is the best time to repay a credit card?

The best time to repay a credit card is the last payment date. Although most credit cards have a grace period for repayment, it is recommended that users repay on the repayment date unless there are special circumstances. Paying off the loan on the due date can avoid overdue credit cards and enjoy a longer credit card interest-free period. In addition, paying off your credit card on time will also help you build a good credit record. The credit card repayment date cannot be adjusted, but users can adjust the billing date. After the billing date is adjusted, the repayment date will change accordingly.

: ICBC Credit Card: 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. ICBC credit card installment payment is divided into 3, 6, 12, 18, and 24 installments. The amount of each installment is the consumption amount divided by the number of installments. The ICBC credit card installment payment fee is paid in the first installment. In short, the repayment date for ICBC credit cards is fixed, which is the 25th of the following month.

CCB Credit Card: The repayment date for CCB Credit Card is 20 days after the statement date. For example, the 5th of each month is the billing date, and the payment due date is the 25th of the month. The billing dates available for CCB credit cards are: 2, 5, 7, 10, 12, 15, 17, 19, 22, 23, 24, 25, 26 and 27; the cardholder’s billing date can be from each month Check it on the bill. The billing date of CCB credit card can be adjusted, but the billing date can only be modified once in a calendar year.

For example: If the 17th of each month is the billing day, and if one purchase is made on May 18th and it is credited to the account on that day, then the repayment date for the CCB credit card will be 20 days after the billing date (June 17th), that is, July 7th. The interest-free period for single consumption is 50 days (May 18th - July 7th). If a purchase is made on May 17 and it is credited to the account on the same day, then the CCB credit card repayment date is 20 days after the bill date (June 6), and the interest-free period for the purchase is 20 days (May 17-June) 6th).

Bank of China Credit Card: The repayment date for Bank of China Credit Card 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. The interest-free repayment period starts from the bill date to the due date of repayment. The longest interest-free period for Bank of China credit cards is 50 days, and the shortest is 20 days. The length of the interest-free period can be different depending on the card consumption date. After the bill date Spending in one day can enjoy the longest interest-free period. For example: Taking the bill date on the 7th as an example, if the consumption is on May 8, the bill date is June 7, and the due payment date is June 27, you can enjoy a 50-day interest-free repayment period (from May 8th to June 27th); if consumption is made on May 7th, that day will be the billing date, the due repayment date is May 27th, and the interest-free repayment period is only 20 days (from May 7th to May 27th). There are 28 billing dates for Bank of China credit cards (Bank Center, Credit Card Center, Credit Card Application), and these 28 billing dates 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. In short, the repayment date for Bank of China credit cards is 20 days after the statement date.

Agricultural Bank of China Credit Card: The final repayment date for Agricultural Bank of China Credit Card is the 25th day after the statement date. The interest-free repayment period starts from the bank accounting date to the due repayment date. The maximum repayment period for Agricultural Bank of China credit card is 56 days and the minimum is 25 days. Spend the day after the bill date to enjoy the longest interest-free period. It is worth noting that the Agricultural Bank of China credit card currently has four billing days, including the 10th, 20th, 17th and 27th of each month. Depending on the card, the billing date is different and cannot be modified.

BoCom Credit Card: The repayment date for Bank of Communications credit card is 25 days after the bill date. For example, the bill date is the 10th of each month, and the payment due date is the 5th of the next month. The monthly statement date of Bank of Communications credit card is generated by the system, and the user has only one chance to modify it within the validity period. For example: if your billing date is the 10th of each month, then the 25th day after the billing date is the due date for repayment. If you make a purchase on May 10th and issue the bill on that day, then the Bank of Communications credit card repayment date will be May 25th. The interest-free period is only 25 days (May 10th to May 25th); if you make a purchase on July 11th, the bill will be issued on August 10th, and the repayment date for your Bank of Communications credit card will be September 5th. The interest-free period is 56 days (July 11-September 5).

CITIC Credit Card: The final repayment date for CITIC Bank Credit Card is 19 days after the statement date (excluding the statement date). For example, the billing date is the 1st of each month, and the last repayment date for the May 1st statement is May 20th; the billing date is the 15th of each month, and the last repayment date for the June 15th statement is July. 3rd. (The final repayment date varies by month) The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for CITIC Bank credit cards is 50 days, and the shortest is 20 days. The length of the interest-free period you can enjoy varies depending on the day when the card is swiped for payment. The longest interest-free period can be enjoyed by spending the day after the billing date. For example, your bill date is the 1st of each month. If you consume on August 2nd, the settlement will be on the bill on September 1st. If you pay in full on September 20th, the last payment date, you can enjoy up to 50 days. Interest-free period (August 2-September 20). If you make a purchase on August 1st, that day is the billing day, and the final repayment date is August 20th, you can only enjoy the shortest 20-day interest-free period. The monthly statement date of CITIC Bank credit card is generated by the system and is fixed for each cardholder and cannot be changed.

Industrial Bank Credit Card: The final repayment date for Industrial Bank Credit Card is the 20th day from the statement date. For example, if the bill date is the 18th of each month, the final repayment date for the statement on May 18th is The last repayment date for the statement on June 7th and June 18th is July 8th (the last repayment date varies by month). The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for Industrial Bank credit cards is 50 days and the shortest is 20 days. The length of the interest-free period varies depending on the day when the card is swiped for consumption. The longest interest-free period can be enjoyed by spending the day after the billing date.

For example, your bill date is the 18th of each month. If you consume on August 19, the settlement will be on the bill on September 18. If you pay in full on October 8, the last payment day, you can enjoy up to 50 days. Interest-free period (August 19-October 8). If you make a purchase on August 18, that day is the billing day, and the final repayment date is September 7, you can only enjoy the shortest 20-day interest-free period. The optional billing dates for Industrial Bank credit cards are: the 2nd, 4th, 8th, 11th, 13th, 18th, 21st and 23rd of each month. The Industrial Bank credit card statement date can be changed, but please note: 1. The Industrial Bank credit card statement date needs to be changed through the Industrial Bank credit card phone number: 95561. 2. The billing date can be changed once every six months and cannot be changed frequently.

Ping An Bank Credit Card: The final repayment date for Ping An Bank Credit Card is the 18th day after the statement date. For example: the 20th of each month is the billing date, and the 8th of the next month is the final repayment period (regardless of the size of the month). The interest-free repayment period starts from the bank accounting date to the final repayment date. The longest interest-free period for Ping An Bank credit cards is 50 days and the shortest is 19 days. Spending on the day after the bill date enjoys the longest interest-free period. For example: the 20th of each month is the billing day, the 8th of the following month is the final repayment day, consumption is on July 21st, August 20th is the billing day, and September 8th is the final repayment day, enjoy interest-free repayment The period is 50 days (July 21st to September 8th); if consumption is made on September 20th, October 8th is the last repayment date, and the interest-free period enjoyed is 19 days (September 20th to October 8th) Number). Ping An Bank credit card statement dates can be set as: the 5th, 10th, 15th, 20th, and 25th. You can check it in your monthly statement, online banking, or call customer service. You can modify the Ping An Bank statement date and final repayment date as needed, but they can only be modified twice a year.

That’s it for the introduction of when to repay a credit card.