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National Day Holiday Teach you how to play with credit cards

Cao Lei (Zhu Jizi)

Five credit card keywords you must know

There are five keywords closely related to credit card charges : Billing date, interest-free repayment period, repayment date, cash withdrawal cost and annual fee.

1. Billing date: The card-issuing bank regularly summarizes and settles all transactions and expenses incurred in the cardholder's credit card account every month, calculates interest, and calculates the cardholder's current repayments. The date of payment. Simply put, the billing day is the day when the bank counts all your purchases during this billing cycle. If the 7th is used as the billing day, then on February 7th, all consumption from January 7th to February 7th will be counted, and this statistics will be sent in the form of a bill the day after the billing day. for you.

2. Interest-free repayment period: refers to the interest-free period for consumption transactions enjoyed by cardholders who repay in full on time. The interest-free period starts from the bank accounting date to the repayment date. . Overdraft cash withdrawal transactions do not enjoy the interest-free repayment period.

If you fail to repay in full before the due payment date, you will not enjoy the interest-free period. Generally, banks will charge interest at a daily rate of 5/10,000 and compound interest on a monthly basis. The interest accrual date is from the accounting date to the repayment date, and the interest accrual principal is calculated based on the actual amount owed. If you fail to repay before the payment due date or the repayment amount is less than the minimum repayment amount...