Everbright Bank swipes the card on the repayment date, that is, the consumption starting at 0: 00 am on the billing date will be included in the next bill.
1. billing date means that the issuing bank regularly summarizes and settles all the transactions and expenses of your credit card account in the current period every month, calculates the total amount owed and the minimum repayment amount in the current period, and sends a statement for you. This date is the billing date of your credit card.
2. Actually, the due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue.
Extended data:
The credit card billing dates of China Everbright Bank are 1, 5, 8, 15, 18, 22 and 25 respectively.
The final repayment date of Everbright Bank's credit card is 20 days after the bill date; For example, the 7th is the billing date, and the final repayment date is the 27th of the current month. The interest-free repayment period is from the bank bookkeeping date to the repayment date, and the longest interest-free repayment period of Everbright Bank credit card is 50 days and the shortest is 20 days. The interest-free period is different on different credit card consumption dates, and you can enjoy the longest interest-free period on the day after the bill.
For example, your billing date is the 7th of each month, and the final repayment date is the 27th of this month. If the item 1 is consumed on May 8th, it will be recorded on the same day, and the final repayment date will be 20 days after the bill date (June 7th), that is, June 27th. The interest-free period of this consumption is 50 days (May 8th-June 27th). If a consumption is made on May 7th, the billing date is the same day, and the final repayment date is 20 days after the billing date (May 27th), then the interest-free period of this consumption is 20 days (May 7th-May 27th).
For each bank, the interest-free repayment period is different. For example, Bank of Communications credit card, the bill date is the 3rd of each month, and the due repayment date of the bill is 2011.3+0.28.
Many banks stipulate that the best time to enjoy the longest interest-free repayment period is to spend on the billing date. Generally speaking, the bank will keep an account of the consumer's spending on the day when he holds the credit card, so the cardholder will spend on the day of the credit card billing, and the amount of his spending will be recorded in the next credit card bill, that is, the overdraft amount on the day of the single day will be repaid on the last repayment date of the next month.
If the cardholder fails to pay off the minimum repayment amount, in addition to the circulating interest charges, there will be a late payment fee, which is calculated at 5% of the unpaid part of the minimum repayment amount.
Some banks stipulate that the daily interest rate shall be calculated at five ten thousandths within 15 days from the bookkeeping date, at ten thousandths after 15 days, and at fifteen thousandths after 30 days or when the overdraft exceeds the specified limit. The longer the default time, the higher the penalty interest.
The penalties usually involved are revolving interest fees and late fees.
The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.