The billing date means that the issuing bank will regularly summarize and settle all the transactions and expenses of your credit card account in the current period every month, calculate the total amount owed and the minimum repayment amount in the current period, and send a statement for you. This date is your credit card bill.

The repayment date refers to the interest-free repayment period, which varies according to the regulations of various banks. The shortest is from the billing date to the final repayment date, and the longest is from the next day of the billing date to the final repayment date of next month. If the billing date is 1 day and the final repayment date is 20 days, the shortest is 20 days and the longest is 50 days.

Extended data

Some banks are fixed on the billing date, which is beneficial for customers to open cards after they get them. Just after the bill date, they can enjoy an interest-free payment period of up to 50 days. The biggest advantage of using a credit card is that you can overdraw first and then repay, and enjoy an interest-free period.

Interest-free period refers to the time between the loan date (bank bookkeeping date) and the due repayment date. Because customers have swiped their cards and enjoyed different interest-free periods.

The interest-free period of each bank is about 20 days to 50 days. If you want to fully enjoy the interest-free period, you must find out the billing date and repayment date of Chu Bank and calculate the repayment time before overdraft consumption.