Spending on the day of billing is the best time to enjoy the longest interest-free repayment period. 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.

The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. In other words, after the issuing bank issues the bill, you should pay off all the expenses you have consumed before the due repayment date.

If the 5th of each month is the bookkeeping date and the 23rd of each month is the repayment date, the consumption from the 5th of last month to the 4th of this month will be repaid on the 23rd of this month.

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The consequences of overdue credit cards are as follows:

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

Baidu encyclopedia-credit card

Baidu Encyclopedia-Credit Card Maturity Repayment Date