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When is the credit card repaid?

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 which day the billing date is when issuing 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 about 20 days 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 repay 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 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 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 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 Credit Card.

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.

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.