Credit card statement date:

It refers to the card-issuing bank, which will summarize and settle the various transaction fees incurred in the current period on the credit card account regularly every month, and calculate the interest. The total amount owed for the current period and the minimum repayment amount will be mailed later. This date is the credit card statement date.

Credit card repayment date:

Refers to the date between the bank accounting date and the due repayment date for credit card non-cash transactions, which becomes interest-free repayment. Expect. The interest-free repayment period varies from bank to bank. The shortest is from the bill date to the final repayment date, and the longest is from the day after the bill date to the last repayment date of the next month. If the bill date is the 1st and the final payment date is the 20th, the minimum is 20 days and the maximum is 50 days. During the interest-free period, as long as the credit card balance is paid off, no interest will be included.

Based on these two dates, the interest-free repayment period of the credit card cycle can be determined, which can be as short as 21 days and as long as more than 50 days.

For example:

For example, if the billing date is the 20th of each month and the repayment date is the 10th of each month, then the consumption that occurs on the 21st of each month will be Get the longest interest-free period, and the consumption that occurred on the 19th will have the shortest interest-free period.

All purchases made before the 20th will have to be repaid before the 10th of the next month, otherwise overdraft interest will accrue if overdue. If the minimum repayment amount is not paid, which is 10% of the current bill amount, late payment fees will also be incurred. .

Of course, no interest will be charged for full repayment, but if it is not paid in full, the overdraft interest on the credit card will be very high. The daily interest rate of 0.05% is equivalent to the annual interest rate of 18%.