According to current regulations, the repayment date is February 28.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

There are more and more emerging repayment methods, but the mainstream ones are online transfer repayment provided by banks, card-to-card repayment through third-party POS machines, and telephone banking repayment. Media, if you have a fixed habitual repayment pattern and repayment cycle, monthly credit card repayments will become a "little effort" and will never take up too much of your time, let alone go to the bank to queue up. . Another reminder is that when choosing a credit card, you should ask clearly what repayment methods the bank supports, and try to apply for a credit card with more diversified repayment methods. Don’t be fooled by petty benefits such as “card shopping discounts”. After all, The convenience of a credit card is the most important thing.

The consequences of overdue credit card repayments are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only cause legal disputes, but also bear high penalty interest, and most importantly, Forming a bad credit record will have a negative impact on future work and life.

After defaulting on a credit card with high penalty interest, the penalty fees usually involved are recurring interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and it will start from the date the consumption is recorded. Calculate interest.

Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%. In addition, some banks stipulate that within 15 days from the bookkeeping date, the daily interest rate will be calculated at 0.5%, and if it exceeds 15 days, the daily interest rate will be calculated at 10%. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest rate shall be calculated at 0.01%. Fifteen calculations, the longer the arrears are, the higher the penalty interest will be.

For example, assume that Ms. Li’s bill date is the 10th of each month, and the final repayment date is the 28th. She spent 10,000 yuan on June 11, and on July 28, Ms. Li’s funds appeared. I was nervous, so I paid the minimum repayment amount of 1,000 yuan first. Then the recurring interest fee on the bill on August 10 was: 10,000 yuan × 0.5‰ × (July 28 ~ June 11) + (10,000 yuan ~ 1,000 Yuan) × 0.5‰ × (August 10th ~ July 28th) = 293.5 yuan.