The next statement date is the bank’s summary of the credit card holder’s consumption in the next period. For example, the billing date of a credit card is the 10th of each month. May 10th is called the current billing date, June 10th is the next billing date, and the 20th day after the general billing date is the credit card repayment date.

Credit cards must be repaid on time on the repayment date, otherwise penalty interest will be incurred, and overdue records will be uploaded to the credit reporting center. However, most banks provide users with a grace period for repayment, and repayment within the grace period will be deemed as For on-time repayment. It is worth noting that ICBC does not have a grace period for repayment.

If the cardholder cannot repay on time on the repayment date, he can use installment repayment or the minimum repayment method; both of these repayment methods can effectively reduce the repayment amount of the month, but Users need to pay a certain fee. So there is no interest period on purchases made with the minimum payment.

When credit card payments are not made on time, it is usually due to overspending. At this time, when you usually use a credit card, you must make a consumption plan based on your income so that you can pay off the credit card on time. When applying for a credit card, don’t ask for a high limit, which is usually two to three times your salary.

Is the credit card statement date the repayment date?

The billing date of a credit card is the repayment date. If it is a credit card transaction, you will enjoy the interest-free period; as long as it is paid off before the repayment date of the current bill (including the repayment date), no interest will accrue; if it is a credit card cash withdrawal, there is no interest-free period; even if it is paid off in this period, If the balance is paid before the repayment date of the installment bill (including the repayment date), an interest of 0.05% per day will be charged starting from the day of withdrawal.