1. The date is the most critical. The transaction date, accounting date, repayment date, and billing date on the bill are very critical. Now let us imagine a scenario: Suppose, one day, you are going to a supermarket to buy something, and the supermarket owner is an acquaintance of yours. In order to avoid trouble, you make an appointment with your boss to keep accounts every time you buy something. Your boss will give you last month's bill at the beginning of next month (assuming the 2nd), and you can just repay according to the bill. Sometimes you don’t have enough cash on hand, and your boss allows you to pay it off within 20 days of receiving the bill (that is, the 22nd). In the scenario, the boss represents the bank and you represent the credit card holder. Therefore, the date information on the credit card statement respectively represents:
Transaction date: It is the day of the credit card transaction, which is the date you bought something in the supermarket in the scene.
Billing date: The time when the bank records the credit card holder’s transactions. This is the scene where the boss records your purchase and writes it down to the date on the bill. The recording date does not necessarily coincide with the transaction date. Generally, banks record cardholder transactions on the evening of the same day or even in the early morning of the next day. Therefore, the recording date may be the day of the transaction, or it may be the day after the transaction or even a few days later.
Billing date: Simply put, the billing day is the bank’s accounting statement for your consumption in the last period of time. That is the day (the 2nd) when the boss gives you the bill in the scene, reminding you that it is time to repay. Statement dates may vary from bank to bank and from credit card to credit card. If you are not satisfied with the statement date, you can call the bank's customer service hotline to inquire about changes. Most banks support changes, but there is a limit on the number of changes.
Repayment due date: It is the date specified by the bank when the bill must be repaid, such as the 22nd in the scenario. The repayment can be made according to the minimum repayment amount, so the bank will charge a part of the interest, which is 50,000 per day. You can also repay the entire amount due on the bill, so that all card purchases (excluding cash withdrawals) in the bill will be interest-free.
Interest-free period: Official statement: For non-cash credit card transactions, the period from the bank accounting date to the due repayment date is the interest-free repayment period. During this period, as long as the cardholder pays off the current period's repayment amount (total amount owed) in full on the current statement, he does not need to pay any interest on the funds advanced by the bank to the store in non-cash transactions (cash advance loan). will not enjoy the interest-free discount). To put it simply: if you use a credit card to overdraft, you will not need to pay bank interest for a certain period of time. Please note that there is no interest-free period for cash withdrawals. According to the time limit, the interest-free period can be divided into the longest and the shortest. The length of the interest-free period varies from bank to bank, but is generally 20 days to 50 days or 25 days to 56 days.
2. Don’t omit information. There are all kinds of information on the bill, and it is easy for people to miss the key points, so the second tip will teach you how to filter out some useless information without missing key information. The first point is the discounts on the bill. Don’t miss out on the “Promotions” in the navigation bar above the credit card bill. This column will list the credit card activities with greater discounts that month. Friends, pay more attention and you may be able to get some benefits. ! The second point is the minimum repayment amount. The minimum repayment amount should be 10% of the total amount due. However, due to bank regulations, if the minimum repayment amount of a regular card is less than 50 yuan, it will be charged as 50 yuan. If the minimum repayment amount of a gold card is less than 100 yuan, it will be charged as 100 yuan. Charge, if the total amount due is less than 50 yuan/100 yuan, full repayment is required. Everyone must pay more attention to avoid overdue due to a small amount of money. The third point is that negative is repayment, which is consumption. Credit card bills are different from the usual accounting method. For credit cards, positive numbers represent consumption and negative numbers represent repayment. This does not mean that the payment was not successful.