The due repayment date is the date after the bank generates the bill, plus the interest-free repayment days. If the cardholder's billing date is 3rd of each month and the interest-free repayment period is 20 days, the cardholder's due repayment date is 23rd of each month (320).
The due repayment date is also called the final repayment date. If you don't pay in full before the due repayment date and don't choose the minimum repayment amount of credit card, you will be punished.
Then the punishment you may face is:
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. Freeze your account, feed back your arrears record to the People's Bank of China and record it in your credit file, which will affect your personal credit;
If you really don't have enough money to repay in full on the due date, please choose the minimum repayment amount of the credit card. If you repay in this way, you only need to return 10% of the total cost each time, so that although there is no interest-free repayment period, you can avoid personal credit damage.
According to the Notice on Issuing the Measures for the Administration of Credit Card Business:
Thirteenth credit card deposit interest, according to the deposit interest rate and interest calculation method stipulated by the People's Bank of China.
If the time deposit is pledged, the time deposit shall be calculated according to the time deposit interest rate and interest calculation method stipulated by the People's Bank of China.
Article 14 The credit card reserve absorbed by the issuing bank and the deposits pledged by time deposits shall be deposited in the local branch of the People's Bank of China according to the prescribed proportion.
Article 15 A card-issuing bank shall establish an authorization examination and approval system.
When a cardholder uses a credit card for transfer settlement and cash withdrawal, he must obtain the authorization of the issuing bank if it exceeds the prescribed limit.
Sixteenth corporate card holders are not allowed to withdraw cash from bank outlets and ATMs in different places and within the city where the card is received.
Article 17 Cardholders may overdraw their consumption within the limits and time limits stipulated in these Measures. Gold card overdraft limit 10000 yuan, ordinary card 5000 yuan.
Article 18 The longest overdraft period of a credit card is 60 days.
Article 19 Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry, and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.
How to calculate the repayment date of postal credit card
The billing date refers to the date when the Postal Savings Bank regularly collects and settles the current transactions and expenses of the cardholder's credit card account, calculates the total amount owed by the cardholder in the current period and the minimum repayment amount, and generates the credit card bill.
The current billing dates of the Postal Savings Bank are: 3, 7, 9, 1 1, 12, 16, 19, 2 1, 24, 26.
The final repayment date of the credit card of the Postal Savings Bank is the 20th day after the bill date. If the billing date of the cardholder is the 3rd day of each month, the due repayment date of the cardholder is the 23rd day of each month (320).