What is the credit card payment date and statement date?

1. Billing date

Refers to the card-issuing bank's regular monthly summary and settlement of various transactions and expenses that occurred in the user's credit card account in the current period, and the calculation of interest and calculation of the total amount of the current period. Amount owed and minimum payment amount, and send statement. This date is the credit card statement date.

If the bill date is the 10th, the bank will settle the total non-cash credit card transaction fees from the 10th of the previous month to the 10th of the current month, and form a bill and send it to the cardholder.

2. Repayment Date

The credit card repayment due date refers to the last date when 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, the cardholder should pay off all the previous consumption before the due repayment date.

If the repayment date is the 28th, then the balance due on the 10th should be paid off before the 28th of the month.

3. The interest-free period

refers to the period from the bank accounting date to the repayment date of the bill for the cardholder's transactions other than cash and transfer settlement.

That is, the due payment date is the last day of the interest-free repayment period. Repayments before this are interest-free. Overdue interest and late payment fees will be charged. The interest-free repayment period is different for each bank.

If the repayment date is the 28th, then non-cash credit card transactions that occurred from the 10th of the previous month to the 10th of the current month will be repaid on the 28th. This period is called the interest-free period.

Extended information:

Credit card repayment methods

1. In the card issuing bank

This method includes: card issuing bank counter, ATM, online Bank, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Weiyintong POS mobile phone

Weiyintong POS mobile phone is a mobile financial system personal payment terminal, which can be used to directly swipe credit cards for repayment, as well as transfer and other services. . Instant payment.

3. Transfer/remittance repayment

It is mainly divided into two methods: inter-bank in the same city and inter-bank in different places.

No matter what method is used to transfer or remit money, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as convenient as intra-peer repayment or online repayment. Store repayment, etc.

4. Online repayment

The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Over-the-counter repayment

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

Baidu Encyclopedia—Credit Card Repayment Date

Baidu Encyclopedia—Credit Card Statement Date

Baidu Encyclopedia—Credit Card Interest-Free Period

Credit Card’s How to calculate the billing date and repayment date

1. The credit card repayment date of most banks is 20 days after the billing date. For example, your credit card bill date is the 19th, which means that February 20th to March 19th is a billing cycle. If the repayment date is 20 days after the bill date, the repayment date of this cycle is April 8th. If you make a purchase on March 6, it is also within the billing cycle from February 20 to March 19, and the repayment date is April 8. If you consume on the first day of each billing cycle, the interest-free period is the longest, which is 50 days. For example, if you consume on February 20, the repayment date is April 8.

2. For example: My monthly credit card statement is on the 19th, and the due payment is on the 7th. I don’t quite understand, so if I swiped the card on the 6th, does it have to be paid on the 7th? Did you pay it back? When on this date does it take me the longest to pay back the money by swiping my card?

1. Your bill date is: the 19th of every month, which is the day when the bill is issued, which means that you pay the bill on the 19th of each month. For consumption information between the 20th and the 19th of the following month, bill details will be issued to you on the 19th, showing the amount you need to repay.

2. Your repayment date is: the 7th of each month, which is the last day for your repayment. This means that the bills you incurred must be paid in full before the 7th, or the minimum repayment is required. Make repayments, otherwise they will become overdue and affect your credit.

3. The billing date for Bank of China credit cards is one of the 1-28th of each month (users can choose to change the billing date), and the repayment date is 20 days after the billing date. For example, if the bill date is the 5th, the repayment date will be the 25th. In addition, CITIC Bank's credit card has a 3-day grace period. If the repayment cannot be made on time, repayment within 3 days after the repayment date will not be considered overdue and will not affect your personal credit report.

The billing date of China Merchants Bank credit card is not fixed. Different cardholders may have different billing dates, and the repayment date is 18 days after the billing date. For example, if the billing date is the 25th of each month, each bill will record all transactions recorded from the 26th of the previous month to the 25th of this month, and the corresponding last repayment date will be the 13th of the following month. Consumption on the 25th is generally not recorded until the 26th, and will be included in the next period's bill.

4. The interest-free repayment date is 18 days after the China Merchants Bank credit card statement. The interest-free period refers to the period between the bank accounting date and the due repayment date for consumer transactions that can enjoy interest-free treatment when the cardholder repays the entire amount due before the due repayment date (inclusive). If the cardholder has insufficient repayment in the current period, and the unpaid amount does not exceed 10 yuan or 1 US dollar, no additional interest and late payment fees will be charged for consumer transactions that can enjoy interest-free treatment.

What do the monthly billing dates and due payment dates of credit cards mean?

The payment date is the day when the consumption bill of the previous month is settled, and the repayment date is the day when the consumption payment of the previous month is repaid. If the payment is overdue, interest will accrue. If your bill date is the 19th, the consumption before the 19th will be included in the consumption bill, and the repayment date is the 7th, which means that the consumption bill for the previous month must be paid on the 7th, that is, the consumption before the 19th. The consumption on the 6th will be billed on the 19th of the next month and will be returned the next month.

Extended information

The billing date means that the card-issuing bank will regularly summarize and settle the various transactions and expenses that occurred in your credit card account in the current period every month, and calculate interest. Calculate the total amount you owe for the current period and the minimum payment amount, and send you a statement. This date is your credit card statement date.

For non-cash transactions with credit cards, the date between the bank accounting date and the due repayment date is the interest-free repayment date. The interest-free repayment period varies according to the regulations of each bank. The shortest is from the bill date to the last repayment date, and the longest is from the day after the bill date to the last repayment day of the next month. If the bill date is the 1st and the final repayment date is the 20th, the minimum is 20 days and the maximum is 50 days. During this period, as long as you repay the current balance due on the current statement in full, you will not have to pay any interest on the funds advanced to the store by the bank for non-cash transactions (cash advances do not enjoy the interest-free discount).

Reference material: Baidu Encyclopedia - Credit Card

How to calculate the billing date and repayment date of a credit card

The billing date is the date when all credit card consumption in the current period finally generates a statement. , the repayment date is the date when you must repay the current balance of your credit card. Generally, the repayment date is about 25 days after the statement date. Take Bank of Communications as an example. For example, if the statement date of a Bank of Communications credit card is the 4th of each month and the repayment date is the 30th of each month, then credit card purchases made on the 5th of each month will get the longest interest-free period ( Approximately 55 days), and consumption occurring on the 4th of each month is the shortest interest-free period (approximately 25 days).

All consumption after 4 days must be repaid before the 30th of the next month, otherwise overdraft interest will accrue if overdue. If the minimum repayment amount is not paid, which is 10% of the current bill amount, late payment fees will also accrue. Of course, no interest will be charged for full repayment, that is, it is completely interest-free; but if it is not paid in full, the overdraft interest on the credit card will be very high, with interest of 0.05% being charged every day. The credit card statement date can be adjusted by the cardholder by contacting the bank. If he is dissatisfied with the date, he can change it by calling or logging in to the official website.

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