Credit card 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.
It should be noted that the billing date of each bank is not the same day. Moreover, for the billing date, some banks also provide the function of modifying the billing date to make your repayment more flexible.
Extended data:
Credit card overdue repayment:
1, bear a high penalty interest. After a credit card defaults, the penalty fees 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.
2. If there is a legal dispute, according to the provisions of the Criminal Law, if the credit card is maliciously overdrawn for more than 5,000 yuan, and the bank refuses to return it after three months of collection, if the circumstances are serious, criminal responsibility may also be investigated for fraud.
For defaulting customers, after entering the judicial process, it will not only affect their reputation, but also lose more costs. In addition to paying off the arrears, it is even worse to bear the litigation costs.
3. Leave a "credit stain" in the national credit information system.
In 2006, the central bank established a national unified enterprise and individual credit information basic database. As long as you have applied for a card or borrowed money from a bank, your own "credit report" will be automatically generated in this system. The "stain" in this report can't be ignored, and it will affect all kinds of applications for loans, insurance, job hunting and studying abroad. Bad records are generally kept abroad for 7 years.
20 12, 1 1, the new personal credit report of the central bank was launched, and the credit card and loans overdue situation before 2009 1 were no longer displayed, and the overdue records were retained for 5 years thereafter. This move means that the public's overdue negative record is no longer accompanied by a lifetime. If you can repay in full and on time within five years, your credit can be cleared.
Baidu encyclopedia-credit card bill
Baidu encyclopedia-credit card repayment