The repayment bill will remind you how much you should repay each month. You only need to pay the amount of the month's repayment prompted on the received bill before the repayment date. If the amount consumed could have been consumed before the billing date, the amount will appear on the bill, otherwise the amount will appear on the next billing date.
If the maximum interest-free period of a credit card is 50 days and the minimum is 20 days, the repayment date is the 20th day after the statement date. The billing date is the 3rd, and the repayment date is the 20th day after the billing date, which is around the 23rd. For purchases made by card on the bill date, the interest-free period is the shortest, only 20 days; for purchases made after the bill date, the interest-free period is the longest, 50 days.
Extended information:
The consequences of not repaying the credit card on the last repayment date
There is a certain grace period for not repaying the credit card on the last repayment date, but Being overdue will affect your personal credit report or even break the law.
1. The due payment date is the last day of the credit card’s interest-free repayment period. Repayments before this date are interest-free. Overdue interest will be charged. Failure to repay the loan after the due date will affect your credit report and incur liquidated damages and interest. In serious cases, you may be sued by the court and imprisoned.
2. If you do not repay in full before the payment due date and do not choose the minimum payment amount of your credit card to repay, the penalties you may face are:
(1 ) All consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis from the day of consumption, using the consumption amount as the principal, with a daily interest rate of 0.05% and compound interest on a monthly basis;
< p>(2) Receive a reminder call and letter from the bank;(3) Freeze the account and feed back the debt record to the People's Bank of China to be recorded in the credit file, affecting personal credit;
Baidu Encyclopedia-Credit Card Repayment