What is the credit card repayment date?

1. Statement date and repayment date

Bill date: That is the time when the current bill is generated, which is the monthly payment date of the card-issuing bank. Regularly summarize and settle all transactions and expenses that occurred in your credit card account during the current period, calculate interest, calculate your total arrears for the current period and the minimum repayment amount, and provide you with a date for mailing the statement.

Repayment date: the last date for interest-free repayment. Overdraft consumption interest will be calculated if it is overdue.

Example: If a certain bank’s credit card statement date is the 10th of each month, and the repayment date is the 28th of each month, and the consumption on the billing day is included in the previous cycle, then the payment on the 28th of each month will be the 11th of the previous month. All overdrafts incurred between the 10th and the 10th of this month.

2. Interest-free period and the longest interest-free period

Interest-free period: the interest-free period from the card consumption date to the repayment date.

The longest interest-free period: the period from the day after the last month’s bill date to this month’s repayment date.

If you want to enjoy the longest interest-free period, you can make overdraft consumption on the day after the bill date of this month. Then the time to repay this consumption will be the repayment date of the next month.

3. Minimum repayment amount and full repayment:

Minimum repayment amount: The minimum amount of debt that should be paid off on time every month, within the interest-free repayment period Repaying the minimum amount owed can avoid affecting your personal credit record and avoid paying liquidated damages.

Full repayment: Pay back the entire amount shown on the bill exactly within the interest-free repayment period. Overdraft consumption interest will be waived only if the loan is repaid in full.

How to calculate the credit card repayment date?

The repayment due date is 20 days after the bill date. Since the number of days in each month is different, February has a special number of days. It is recommended that you arrange your repayment accordingly. For payment matters, you can check your credit card bill through Bank of China mobile banking, "Bank of China Credit Card" WeChat official account, Colorful Life APP, and online banking. Please refer to the due date of repayment shown on the bill for the specific date.

The above content is for your reference, please refer to actual business regulations.

When are credit card repayments

The credit card repayment date is basically 20 or 25 days after the statement date.

If the billing date is set to be the 5th of each month, 20 days after the billing date is the final repayment date of the credit card, which is the 25th of the month.

The amount required to be repaid on the 25th is the expenses incurred before the bill date, and the amount consumed after the bill date will be displayed on the next bill date.

Extended information:

The credit card repayment period is calculated based on the billing date and consumption date of the credit card and is not fixed.

The bank will tell you the billing date when it issues the card, and each bill will also have a billing date.

You can enjoy the longest interest-free repayment period if you consume on the day after the bill date, and you can enjoy the shortest interest-free repayment period if you consume on the day before the bill date. The interest-free repayment period of a credit card ranges from 20 to 50 days.

The credit card payment due date refers to the last date on which the credit card issuing bank requires the cardholder to return the amount due. That is to say, after the card-issuing bank issues the bill, all the charges previously consumed should be paid off before the due repayment date.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit.

It is in the form of a card with the issuing bank name, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.

Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with the merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards as stipulated in the relevant laws of our country refer to electronic payment cards issued by commercial banks or other financial institutions that have all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit.

The credit card generally refers to a credit card.

When is the monthly repayment date for China Construction Bank Credit Card?

1. 20 days after the bill date.

2. The so-called repayment date refers to the last date stipulated by China Construction Bank when the cardholder should repay the entire repayment amount or the minimum repayment amount. The repayment date for CCB credit cards is 20 days after the statement date. For example, the 5th of each month is the billing date, and the payment due date is the 25th of that month. The billing dates available for CCB credit cards are: 2, 5, 7, 10, 12, 15, 17, 19, 22, 23, 24, 25, 26 and 27; the cardholder’s billing date can be from each month Check it on the bill. The billing date of CCB credit card can be adjusted, but the billing date can only be modified once in a calendar year.

3. The repayment date for China Construction Bank credit card is the 20th day after the statement date. If your statement date is the 24th, then the repayment date is the 14th of the next month. The calculation of the repayment date must be different. Big and small moon. The billing date of a credit card is the day when the bank settles the cardholder's consumption and repayment status every month before (including the billing date). After the billing date, a bill will be formed, which records the cardholder's consumption record and repayment due. Amount and other information. The bank will mail the settled paper statement to the cardholder or send an electronic statement to the cardholder's mailbox after the statement date. The repayment date is the day when the cardholder repays the card. The payment cannot be made later than the repayment date. Generally, the repayment amount should be paid before the repayment date. If you repay later than the repayment date, it will be overdue and the cardholder will have a bad credit record.

The billing date of ICBC credit card is the end of each month, that is, the 30th or 31st, and the repayment date is the 25th of the following month. Assume that you consume on the 1st of the month and repay on the 25th of the following month. Enjoy a long 56-day interest-free period. ICBC's billing date and repayment date are fixed, which is better than other banks. Other banks do not have fixed billing dates and repayment dates. ICBC credit card installment payment is divided into 3, 6, 12, 18, and 24 installments. The amount of each installment is the consumption amount divided by the number of installments. The ICBC credit card installment payment fee is paid in the first installment. In short, the repayment date for ICBC credit cards is fixed, which is the 25th of the following month.

What day of the month is the credit card repayment date?

The credit card repayment date is usually around the 18th to 25th day after the billing date, and it depends on the billing date. , the specific date is different for different banks and different credit cards. For example: Bank of China credit card statement date: 1st-28th, Bank of China credit card repayment date: 20 days after the statement date is the due repayment date; Industrial Bank Credit Card statement date: optional are the 2nd of each month, The 4th, 8th, 11th, 13th, 18th, 21st, and 23rd are the repayment dates for Industrial Bank credit cards: the 20th day from the statement date. The billing date for ICBC credit cards is fixed at the end of each month, which is the 30th or 31st, and cannot be changed. The repayment date for ICBC credit cards is fixed at the 25th of the following month.

Each cardholder must pay off the bill before the repayment date. If the bill is not paid off in time, resulting in overdue payment, the bank will report the overdue record to the credit reporting system. In addition, banks will also charge late payment fees and penalty interest. For example, if a China Merchants Bank credit card is overdue, a late payment fee of 5% of the minimum unpaid balance and a penalty interest of 0.05% will be charged for all consumption in the current period. It will be charged from the accounting date until the cardholder pays off all.

Billing date: refers to the card issuer’s monthly summary of the cardholder’s accumulated unpaid consumption transaction principal, cash withdrawal transaction principal, fees, etc., calculates the interest, and calculates the cardholder’s repayment The date of the payment. Everbright Bank credit card statement dates are the 1st, 5th, 8th, 15th, 18th, 22nd and 25th of each month. When the Everbright Bank credit card is approved, the system automatically generates a statement date, which cannot be changed after it is generated.

Repayment due date: refers to the last date specified by the card issuer when the cardholder should repay the entire repayment amount or the minimum repayment amount. The final repayment date for Everbright Bank credit cards is 20 days after the statement date; for example, the 7th is the statement date and the final repayment date is the 27th of the month.

How to repay credit card repayment:

1. Use online banking for repayment, log in to online banking at the bank card location, and select "Credit Card Service" in the transaction toolbar;

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2. Perform "Credit Card Repayment" in the credit card service, enter the repayment page, and click "Repayment";

3. The page will display the repayment information. , after verifying the accuracy, click "Confirm" to proceed with the credit card

What is the credit card repayment date?

The credit card repayment date is basically 20 days or more after the credit card statement date. It is 25 days. If the credit card bill date is set to be the 5th of each month, 20 days after the credit card bill date is the final repayment date of the credit card, which is the 25th of the month. Although the monthly repayment date is fixed, the monthly repayment date for each bank's credit card is different. For credit cards from the same bank, the monthly repayment date is also different for everyone. Therefore, each person's actual repayment date each month must be based on the requirements of the card issuing bank

Credit cards, also called credit cards, are issued by commercial banks or credit card companies to consumers with qualified credit. credit certificate. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

That’s it for the introduction of the monthly credit card repayment dates.