How is the credit card repayment date calculated?
Credit card repayment date: Different banks have different calculation methods for credit cards, but there are generally two categories: First, it is clearly stipulated that a certain day of each month is the interest-free deadline, and the interest-free period starts from the consumption date. Calculate the date between the starting date and the due date; second, the cardholder sets a single day, and then sets the latest repayment date based on the bill date. The interest-free period is from the consumption date to the latest repayment date. date.
1. The billing date for 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. You can enjoy an interest-free period of up to 56 days. 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.
2. The repayment date for CCB credit cards is 20 days after the bill date. For example, the 5th of each month is the billing date, and the payment due date is the 25th of the month.
3. The repayment date for Bank of China credit cards is 20 days after the bill date, that is, if the 7th is the bill date, the due repayment date is the 27th of the month.
4. The final repayment date for Agricultural Bank of China credit cards is the 25th day after the statement date.
Extended information:
1. Take mobile banking as an example. Currently, all banks basically have corresponding exclusive apps for credit cards, such as China Merchants Bank’s Mobile Life and Bank of Communications’ Pay Bar. Wait, these apps basically support the associated repayment of the bank's or other banks' debit cards, and do not charge handling fees.
2. Most banks’ mobile banking inter-bank transfers and intra-bank transfers are free and instant. You can choose a bank you frequently use to apply for a debit card, open mobile banking, and then bind all your credit cards. When it's time to repay, you can transfer funds directly across banks instantly. In this way, as long as you have your mobile phone in hand, you can repay anytime and anywhere. It is very convenient and there are no handling fees.
How to calculate the credit card repayment date and billing date
1. According to the summary of bank seniors:
2. The billing date is the final date of all credit card consumption in the current period. The date when the bill is generated, and the repayment date is the date when you must repay the current credit card balance. Generally, the repayment date is about 20 days after the bill date.
3. For example, if your bill date is the 4th of each month and the repayment date is the 24th of each month, then you will get the longest interest-free period if you make a credit card purchase on the 5th of each month. , and the consumption that occurred on the 23rd is the shortest interest-free period. All consumption after 4 days must be repaid before the 24th 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.
4. The credit card statement date can be adjusted by the cardholder by contacting the bank. If you are dissatisfied with the date, you can change it by phone or log in to the official website.
5. Tips: Although credit card consumption is convenient and fast, it is also a double-edged sword. Once the repayment is overdue, the impact will be very bad. It is recommended to repay on time every month. .