The credit card repayment date is the 6th, so my repayment on the 6th is not a breach of contract. Generally, there is a three-day repayment grace period, which is not overdue and does not charge interest and liquidated damages. However, please don't get stuck in the afternoon of the last day of the grace period 1 1, 12, and the system needs approval. At the same time, it is suggested to use the repayment channel of our bank during the grace period to avoid the expenses caused by delayed entry, especially during the National Day and Spring Festival holidays, which will not affect the credit investigation, and it is the second stage.
1. Definition of bill date and repayment date:
Most banks' credit card repayment date is 20 days after the bill date. For example, the billing date of your credit card is 19, which means that February 20th to March 19 is a billing cycle. If the repayment date is 20 days after the bill date, the repayment date of this cycle is April 8. If it is consumed on March 6th, it is also within the billing cycle from February 20th to March 19, and the repayment date is April 8th. If you spend on the first day of each billing cycle, the interest-free period is the longest, which is 50 days. For example, consumption on February 20th, the repayment date is April 8th.
Second, how long can it last?
If you want to spend money for a long time: spend it around the 20th, and pay it back before the 7th of next month at the latest. The longest period is 50 days.
For example, the bill has come out on May 20, and you spent 5,000 yuan on May 20, 2 1, so your bill on June 7 will show that you owe 5,000 yuan, and you must make full repayment or minimum repayment on July 7.
So the conclusion is: May 21-July 7, this is the cycle of your money use, with an interval of nearly 50 days.
Third, the difference between billing date and repayment date:
1. In general, the bill will be paid off before the final repayment date, preferably in full.
2. If there is no full repayment, at least the minimum repayment amount should be paid;
The difference lies in your debt ratio.
For example, a credit card with a credit limit of 10000 will spend 9000 yuan before the 20th, and the bill will show 9000 yuan to be repaid, which means that the debt ratio of your card is 90%, which is not conducive to credit card withdrawal, loans, etc. Credit card cash withdrawal generally controls the debt ratio within 30%.
What will happen if the credit card expires more than one day?
If it is a CMB credit card, the credit card (including e-installment) has a three-day repayment grace period every month, and there is no need to apply.
Paying off the bill or the minimum repayment amount within 3 days after the repayment date will not affect your credit history.
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For example, the final repayment date is the 5th, and the repayment is postponed to 24: 00 pm on the 8th of that month, which is a normal repayment.