The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. In other words, after issuing the bill, the issuing bank should pay off all the expenses you have consumed before the due repayment date.
In fact, the due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different.
People's Republic of China (PRC) Civil Code
Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.
Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.
How to calculate the repayment date of credit card?
The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. In fact, the due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different. Different banks have different credit card calculation methods, but there are generally two: 1. It is clearly stipulated that one day of each month is the interest-free deadline, and the interest-free period is the date from the consumption date to the deadline. 2. The cardholder sets a single date, and then sets the latest repayment date according to the bill date. The interest-free period is from the consumption date to the latest repayment date. Article 17 of the Measures for the Administration of Credit Card Business allows cardholders to overdraw for consumption purposes within the limits and time limits stipulated in these Measures. Gold card overdraft limit 10000 yuan, ordinary card 5000 yuan. Article 18 The longest overdraft period of a credit card is 60 days. ‖ Article 19 Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry, at the rate of ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount. Article 196 of the Criminal Law of People's Republic of China (PRC), Article 54 of the Provisions of the Ministry of Public Security of the Supreme People's Procuratorate on the Standards for Criminal Cases under the Jurisdiction of Public Security Organs, and Article 5 of the Interpretation of the Supreme People and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management.
How to calculate the repayment date of credit card?
There are two ways to calculate the repayment period: clearly stipulate that the first day of each month is an interest-free period, and the interest-free period is from the consumption date to the maturity date. The cardholder sets a single date and then sets the latest repayment date according to the bill date. The interest-free period is from the consumption date to the final repayment date. The due repayment date of credit card refers to the latest date when the credit card issuing bank requires the cardholder to refund the payable amount. In other words, after issuing the L/C, the issuing bank should pay off all the consumed expenses before the due repayment date. In fact, the due repayment date is the last day of the interest-free repayment period. Prior to this, the repayment is interest-free, and overdue interest and late payment fees will be charged.
The interest-free repayment period of each bank is different. For example, the billing date of ICBC's credit card is the end of each month, that is, the 30th or 3 1, and the repayment date is the 25th of next month. Suppose you spend 1 in the current month and repay it on the 25th of next month, you can enjoy an interest-free period of up to 56 days. The credit card repayment date of CCB is 20 days after the bill date. For example, the 5th of each month is the billing date, and the due repayment date is the 25th of that month.
1. The final repayment date of China Agricultural Bank's credit card is 25th day after the bill date. The final repayment date of China Merchants Bank's credit card is 18 days after the billing date, that is, the 5th is the billing date, and the final repayment date is the 23rd of the current month; If 17 is the billing date, the 5th of next month will be the final repayment date, regardless of month or month. Legal basis: Article 17 of the Measures for the Administration of Credit Card Business allows cardholders to overdraw within the limits and time limits stipulated in these Measures. Gold card overdraft limit 10000 yuan, ordinary card 5000 yuan. Article 18 The longest overdraft period of a credit card is 60 days. Article 19 Credit card overdraft interest shall be charged at 0.05% of the daily interest within 15 days from the signing date or the bank account opening date, and at 18% of the daily interest after 15 days. The daily interest exceeds 30 days or the overdraft amount exceeds the prescribed limit. Overdraft interest is calculated according to the highest interest rate level or the highest overdraft amount of the term.
2. Credit card holders must know the billing date and repayment date in order to use the credit card better. Otherwise, they can use the card. Otherwise, they pay back the money once a month. Because I don't know when the billing date is, I repay the consumption before the billing date. They think they have paid the bill. The result is that there is no repayment, which leads to overdue repayment, which is not worth the loss. First: you can repay many times before the repayment date and then spend it before the repayment date. The amount of multiple repayments is included in the repayment amount and can be directly deducted from the bill amount. For example, you need to pay back 10000 on the 22nd, but you paid back 8000 several times before the 22nd, and then you spent it, so you only need to pay back 2000 on the 22nd. Second: you can spend after the billing date. The consumed part is not included in this bill. You only need to repay the loan on the next repayment date after the next bill date. This time is relatively long, generally about 56 days. Through inquiry, the billing date is 25th of each month, the repayment date is 19 of each month, and the billing service period is from 26th of the current month to 25th of the next month. The consumption record will be repaid at sunrise of the next bill.
Today is 25th of this month. If you spend on the 26th of the current month, the interest-free period is from the 26th of the current month to the 25th of the next month. The time from the billing date to the repayment date is 24 or 25 days, and the longest interest-free period is 55 days. The billing date is the date when your consumption generates a bill. For example, if your billing date is the 4th day of each month, then the amount you spend after the 4th day of each month does not include the 4th day, that is, after the 5th day, it will be charged on the 4th day of next month, and the 20th day after the 4th day of next month is your final repayment date. That's the 23rd, 24th or 25th, because the days are different every month. It's about those days. There will be some on your credit card bill. If you spend on the 4th of every month, the bill will be generated on the 4th of this month, so your final repayment date is the 23rd and 24th of this month. It is best not to repay on the last repayment date, because sometimes the bank business is busy and other reasons lead to the delay of repayment, which will lead to late fees and interest. But generally speaking, if it is returned on the last repayment date, the bank will not generate late fees and interest. It is based on your repayment date, not the actual receipt.
4. ICBC Credit Card The billing date of ICBC Credit Card is the end of each month, namely 30th or 3 1, and the repayment date is 25th of next month. Assuming consumption in the current month 1 day and repayment on the 25th of next month, you can enjoy an interest-free period of up to 56 days. The billing date and repayment date of ICBC are fixed, which is superior to other banks. Other banks have no fixed billing date and repayment date. ICBC's credit card installment payment is divided into 3, 6, 12, 18 and 24 times. The amount of each period is the consumption amount divided by the number of periods. The installment fee of ICBC credit card is down payment. In short, the repayment date of ICBC credit card is fixed, that is, the 25th of next month. The credit card repayment date of CCB is 20 days after the bill date. For example, the 5th of each month is the billing date, and the due repayment date is the 25th of that month.
How to calculate the repayment date of credit card?
Hello, if you hold a credit card of China Merchants Bank, the credit card has a designated billing date and repayment date, and the repayment has a cycle. "Bookkeeping date" refers to the date when the card issuer summarizes the accumulated outstanding principal of consumer transactions, principal of cash withdrawal transactions, fees, etc. Every month, calculate the interest and the amount that the cardholder should repay. "Due repayment date" refers to the latest date when the cardholder should repay all the payable amount or the minimum repayment amount stipulated by the card issuer (the consumption amount can be repaid before the due repayment date, and the credit card can be returned before 24: 00 at the latest). For example, the 5th of each month is the bookkeeping date, the 23rd of each month is the repayment date, and the consumption from the 5th of last month to the 4th of this month is repaid on the 23rd of this month. You can call your credit card and manually confirm your credit card bill and repayment date.
So much for the introduction of how to repay the credit card on the repayment date.