Can a credit card be repaid before the billing date?

A credit card can be repaid before the billing date.

The credit card can be repaid in advance if the bill is not paid. After the customer operates the prepayment, the amount of consumption can naturally be restored in advance, and once the amount is restored, the customer can naturally spend by credit card.

of course, we need to pay attention to the fact that if there is new consumption after the bill is repaid in advance and before the bill is paid at sunrise, the bill will naturally be repaid on the billing date, and the customer will need to repay the previous payment on time within the specified repayment period (the repayment amount cannot be lower than the minimum repayment amount of the bill).

otherwise, it will lead to overdue, personal credit will be damaged, and the subsequent use of the card may be affected. If the overdue circumstances are serious, the credit limit of the card may be frozen, resulting in customers being unable to use it again. If you can't pay off the bill in full on time, in addition to the minimum repayment, you can also choose to handle the bill installment.

Of course, if the outstanding bill is repaid in advance and there is no new consumption or cash withdrawal before the bill is paid, the amount to be repaid on the bill will naturally be zero, and the customer will not need to repay it in the current period.

Extended information:

According to the notice on printing and distributing the Measures for the Administration of Credit Card Business:

Article 29 The articles of association of a credit card shall contain the following contents.

(2) the scope of use of credit cards;

(3) fees and charges;

(4) the rights, obligations and responsibilities of the issuing bank, the special unit and the cardholder;

(5) Other matters required by the People's Bank of China.

article 3 the issuance of credit cards and IC cards by commercial banks and the amendment of the articles of association of credit cards must be approved by the people's bank of China.

article 31 banks participating in credit card business should gradually cooperate in acquiring bills, equipment, information and receiving cards in the process of opening credit card business.

Article 32 The head offices of banks offering credit card business shall submit statistical statements of credit card business to the People's Bank of China on a quarterly basis, and their branches and branches issuing credit cards shall submit statistical statements of credit card business to local branches and branches of the People's Bank of China on a monthly basis.

Is the credit card repayment before or after the bill date

Under normal circumstances, after the bill is issued by the credit card, it is enough to pay off the bill before the final repayment date. Since the credit card has an interest-free period, as long as the bill is paid off between the billing date and the repayment date, there will be no cost. But if you pay off the bill before the billing date, then the bill amount is , so there is no need to repay it.

Extended information:

Overdue repayment

The consequences of overdue repayment of a credit card are serious, so overdraft consumption should be moderate. Although the biggest feature of credit card is its overdraft function, it actually constitutes a loan relationship between customers and banks. Failure to repay at maturity may not only cause law, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.

1. Consequences of overdue repayment of credit cards

After a credit card bears a high penalty interest, the penalty interest fees usually involved are revolving interest fees and late fees. The essence of revolving credit is a small, unsecured loan with daily interest. If it is not fully repaid on the last repayment date, it will generate revolving credit interest on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.

except for ICBC, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the money, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at five ten thousandths of the daily interest rate. In addition, some banks stipulate that the daily interest rate shall be calculated at 5/1 within 15 days from the bookkeeping date, at 1/1 after 15 days, and at 15/1 after 3 days or the overdraft amount exceeds the prescribed limit. The longer the default time, the higher the penalty interest.

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.

2. Consequences of overdue repayment of credit cards

The violent collection of credit cards by law has become a hot topic. Many bank credit card centers outsource the collection of credit card repayment to some so-called "debt collection companies", which are mixed in quality and crude in debt collection methods, causing great troubles to customers.

not only that, the defaulting customer may also face legal problems. According to the provisions of the Criminal Law, if a bank fails to repay a credit card with a malicious overdraft of more than 5, yuan after three months' collection, if the circumstances are serious, it may be investigated for criminal responsibility for the crime. 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, they will also bear the litigation costs, which is even worse.

Consequences of overdue repayment of credit card III

Leave a "credit stain" in the national credit information system. In 26, the central bank set up a national unified basic database of enterprise and individual credit information. As long as you have applied for a card or made a loan in a bank, you will automatically generate your own "credit report" in this system. The "stain" in this report can not be ignored, and it will affect the application for various loans, insurance, job hunting and so on. In November 212, the new personal credit report of the central bank was launched. Credit cards and loans overdue before October 29 were no longer displayed, and the overdue records were kept for five years thereafter. This move means that the public's overdue negative record is no longer accompanied by life. If it can be repaid in full and on time for five years, the credit can be returned to innocence.

Tips: As a new payment method, credit card is also the simplest financial management method for consumers. Although overdraft consumption can reduce the financial pressure of cardholders' daily consumption, it is easy for cardholders to become slaves if they are not properly managed or have good financial management concepts.

Is repayment before the bill date counted as repayment?

If the credit card is repaid before the bill date, the cardholder can choose to repay in installments in advance or in full. However, it is not cost-effective to repay the credit card before the bill date, so the cardholder can continue to enjoy the interest-free period and operate the repayment on the repayment date, which will not affect his personal credit record.

it is not recommended for cardholders to repay before the credit card billing date, which will easily make the bank feel that your utilization rate of credit card funds is low, which will affect your credit card withdrawal in the future.

if you have idle funds on hand, you can buy some flexible money funds first to earn income, and it is not too late to wait until the credit card repayment date.

1. Credit card

1. Billing date

means that the card-issuing bank regularly collects and settles the transactions and expenses of the user's credit card account in the current period, calculates the total amount owed and the minimum repayment amount in the current period, and sends a statement. This date is the billing date of the credit card.

if the billing date is 1th, the bank will settle the total non-cash transaction expenses of credit cards from 1th of last month to 1th of that month, and form a bill and send it to the cardholder.

2. Repayment date

The due repayment date of a credit card refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after the issuing bank issues the bill, the cardholder should pay off all the expenses previously consumed before the due repayment date.

if the repayment date is 28th, the amount owed on the 1th bill should be paid off before 28th of that month.

3. Interest-free period

refers to the period from the bank bookkeeping date to the repayment date of the current bill for transactions other than cash and transfer settlement by the cardholder.

that is, the due repayment date is the last day of the interest-free repayment period. Before that, the repayment will be interest-free, and if it is overdue, interest and late fees will be charged. For each bank, the interest-free repayment period is different.

if the repayment date is 28th, the non-cash credit card transactions from 1th of last month to 1th of the current month and repayment on 28th are called interest-free period.

2. Credit card repayment method

1. Within the issuing bank

This method includes: the counter of the issuing bank, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the money will generally be recorded after being processed by the system on the same day.

2. Micro-banking POS mobile phone

Micro-banking POS mobile phone is a personal payment terminal of mobile financial system, which can be used for direct credit card repayment and transfer. Arrive at the account immediately

3. Transfer/remittance repayment

There are two ways: inter-bank in the same city and inter-bank in different places.

No matter how you transfer or remit money, the remitting bank will charge a certain fee, and at the same time, the time of receipt and the convenience of repayment are not as good as those of peers, online repayment and convenience store repayment.

4. Online repayment

The common online platforms in China are UnionPay Online, Kuaiqian, Shengfutong, Alipay and Tenpay. Different platforms and banks are selected, and the charging standards and the specific payment arrival time are different.

5. Over-the-counter repayment

Over-the-counter refers to the bank cards issued by various networked financial institutions, and the current RMB deposit and withdrawal transactions are conducted through the counters of other bank outlets registered in the host system of UnionPay Exchange Center.

what's the impact of credit card repayment before the bill date?

1. Repayment before the bill date is a no-no

1. Repayment before the bill date of the credit card loses the meaning of using the credit card. Many people mainly think that they can prove their repayment ability in this way, indicating that they have sufficient funds and can repay at any time. However, the monthly credit card consumption amount reflected in the credit report is the same even if the payment is made before the bill date.

2. If the repayment is made before the bill date, the cardholder's capital utilization rate will be low, and the bank will think that the cardholder has little demand for the limit. If the bank gives the cardholder a higher limit, it will not be used, so the bank will definitely not raise the credit card easily.

3. For the cardholder, it is impossible to calculate the actual amount owed. For example, this month's credit card may be swiped and cashed, and various interest charges generated by the cardholder in the previous period may need to be added. If the calculation is not accurate, it may happen that the cardholder thinks that the money has been paid off, but the bill still shows the arrears.

2. Credit card

A credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

3. repayment method of credit card

1. repayment in the issuing bank

this method includes: the counter of the issuing bank, ATM, online banking, automatic transfer, telephone banking and so on.

2. Micro-banking POS mobile phone

Micro-banking POS mobile phone is a personal payment terminal in the mobile financial system, which can be used for direct credit card repayment, transfer and other services, and immediately arrive at the account.

3. Transfer/remittance repayment

There are two ways: inter-bank in the same city and inter-bank in different places.

4. Online repayment

The common online platforms in China are UnionPay Online, Kuaiqian, Shengfutong, Alipay and Tenpay. Different platforms and banks are selected, and the charging standards and the specific payment arrival time are different.

5. Repayment by Xinfutong

The "Xinfutong" smart credit card phone is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center and supported by financial services provided by China UnionPay's inter-bank information exchange network.

is there a bill for repayment before the credit card billing date?

there will still be a bill for repayment before the credit card billing date. Repayment before the billing date can improve your credit, and there will be no bill on the credit card billing date because of prepayment.

if the credit card is repaid in advance before the billing date, the current consumption bill will also be issued.

billing date is the day when the card-issuing bank records your consumption for a period of time (billing cycle), collects and settles it, and sends a paper or electronic bill, which is equivalent to the bank telling you that it is time to repay.

repayment date: the bank stipulates that the latest repayment period must be paid for the bills issued this month. If the repayment is not made after this period, it will be overdue. Banks tell credit card holders how much they owe on the billing date, and they need to pay back the money before the repayment date, usually with an interval of 4-56 days.

if the bill is consumed after sunrise, the interest-free period will be from this billing date to the next billing date plus the time to the repayment date, so the interest-free period for using a credit card is the longest.

Precautions for the use of credit cards

First, the credit card bill is "five nil"

Users who have just applied for a credit card must pay attention to: the first six accounting periods must be spotless, and in summary, they must be "five nil": no overdue, no excess, no minimum repayment, no installment repayment and no temporary limit. A good credit record is good for raising the quota and future loans.

2. Try to use a credit card for large-scale consumption

Try to use a credit card for large-scale consumption. If the credit card accounts for more than 3% of the credit limit every month for more than half a year, the banking system will identify the user's spending power, which will help improve personal reputation and be easily invited by banks to increase the credit card limit.

Third, don't be overdue and repay the bill later

It's common sense to use a card not to be overdue, but this alone can't fully raise the amount. The best strategy is to repay after the account is issued, which means that users have a strong sense of repayment, and banks will list users as quality customers.

Fourth, diversification of consumption

You can try different consumption according to your own situation, such as occasionally going to high-end restaurants, hotels, supermarkets and other businesses to spend money and swiping more credit cards.

5. consumption abroad

uses credit cards for spending overseas. This is because there are generally currency conversion fees and exchange differences for credit card spending overseas, which is also a source of income for banks in credit card business, so it will be welcomed by banks.

VI. Take the initiative to apply for withdrawal

Take the initiative to call customer service to apply for withdrawal, indicating that you have enough ability to pay off your credit card, but the number of applications should not be too frequent, 2-3 times a year.

that's enough for the introduction of credit card repayment before billing.