The function of bank statement is to check the accounts with the bank at the end of each month.
Monthly Statement, generally including electronic statement and paper statement, refers to the credit center (credit card center) of the issuing bank. After the cardholder's monthly billing date is settled, the cardholder's credit card details are packaged into e-mail and sent to the billing mailbox written by the cardholder, or printed as a statement and sent to the cardholder's billing address, and the consumption amount, minimum repayment amount and final repayment payment period are stated.
the cardholder should first carefully check whether the statement is consistent with the previous statement. If there is any discrepancy, he can notify the bank and suspend the payment of the fee.
credit card electronic bills are generally sent by email, including credit card account information, billing cycle, total amount payable in this period, summary of points by card number, transaction details, etc.
the minimum repayment amount refers to the minimum amount that will be returned to the current bill before the final repayment date, and there will be no late payment fee, no active application and no impact on credit investigation, but the consumption in the bill will not enjoy interest-free. Interest will be charged on all consumption in the current period from the bookkeeping date, and it will be charged at the daily interest rate of .5 ‰ (full repayment is made on time, and credit card consumption can enjoy interest-free period).
the minimum repayment amount = the amount owed this month ×1% (5% for standard cards)+the unpaid minimum repayment amount in the previous period, and there is a minimum repayment amount.
the minimum repayment amount (slightly different for different banks) is $1/$2 for gold card and $5/$1 for ordinary card. If the minimum repayment amount is not enough within 3 days after the repayment due date, the card will be suspended.
if the minimum repayment amount of the current bill is not paid off before the repayment due date, a late fee will be charged; 5% of the unpaid part of the current bill, with a minimum of ￥2/$3.
sending of the statement: when a transaction occurs in your account and exceeds a certain amount, we will send the statement to you by ordinary mail at the address specified by you on a fixed date (usually the third day after the bill date) every month. If you haven't received the bill within 1-15 days after the bill date, please call our 24-hour service hotline immediately to avoid delay in repayment. Details of related transactions and expenses of all cards (including main card and supplementary card) under your name will be summarized and listed on the statement in RMB and USD respectively.
change of billing address if you need to change the mailing address of the statement, please call the 24-hour service hotline. We will verify your identity and send the statement to the new address provided.
reissue the statement. if your statement is lost, we can reissue it for you. It is free to reissue the statement for the last 3 months, and a certain handling fee is required to reissue the bill for the previous 3 months.