The monthly statement date and the payment due date are two important dates in the use of credit cards. The billing day, that is, the 18th of each month, is the day when the bank summarizes and settles the cardholder's current consumption and expenses, including interest calculation, and generates a statement. This is an important time to know how much you owe for the current period.

The repayment due date, which is the 6th, is the last date by which the cardholder needs to repay all the consumption amounts in the bill. To put it simply, when you receive the bill on the bill day, you must pay off all the consumption before the 6th to avoid interest and possible impact on your credit record. Not only will the interest-free repayment period be lost if the loan is overdue, the bank may also call or send letters to demand payment, or even freeze the account and affect the personal credit record.

If you are really short of funds on the repayment date, you can choose the minimum repayment amount. Although you will lose the interest-free period, you can avoid credit damage. Therefore, understanding and managing billing and repayment dates is key to ensuring smooth credit card use and maintaining good credit. Remember, timely repayment is the cardholder’s primary responsibility.