Credit cards need to be repaid before the end of the last repayment date. The bank will send you a bill every month, and the deadline for credit card transactions recorded on the bill is the bill date, just before the repayment date. If the credit card fails to repay after the repayment date, the bank will determine that the credit card is overdue and need to pay liquidated damages and overdue penalty interest.

Repay on time every month, without interest, only the consumption amount. Once the repayment is overdue or insufficient, the bank will charge interest. The credit card interest is calculated from the date when the consumption is recorded in the account, and the interest is charged at 5/10000 per day and compounded monthly, that is, this month's interest has not been paid off, and these interests will also generate interest next month.

Extended data:

Repayment method

1, online banking transfer.

If you often have self-help arrangements for the time and amount of repayment, you can use online banking to transfer and repay. It is better to open the debit card and online banking of the issuing bank while using the credit card, which is more convenient and does not require handling fees.

2, mobile phone repayment

Mobile phone is a personal payment terminal of mobile financial system, which can be used for direct repayment and transfer by credit card. Arrive immediately!

3. Inter-bank transfer

Inter-bank transfer/remittance repayment is mainly divided into two ways: inter-bank in the same city and inter-bank in different places. Whether it is transfer or remittance, the remittance bank will charge a certain fee, and the payment time and repayment convenience are not as good as those of peers, online repayment and convenience stores.

Baidu encyclopedia-credit card repayment