What is the difference between a bill date and a repayment date!!

What is a credit card statement date? What is a credit card payment date?

The bill date is the due date of the current bank statement, and all purchases made before the bill date will be reflected on the bill. The repayment date is the deadline for repaying the current bill, and if you do not repay before this date, you will not be eligible for interest-free treatment; If the repayment amount is less than the required minimum payment amount, you may have a bad credit history. Generally, the repayment date of banks is about 20 days after the statement date, so the repayment date on the 24th statement day is about the 14th of the next month. This is also the origin of the interest-free maximum of 50 days advertised by many bank credit cards.

The difference between the credit card statement date and the repayment date is as follows:

The bill date is the date on which all purchases in the current period are finally invoiced, and the repayment date is the date on which you have to pay the current amount owed. Based on these two dates, the interest-free repayment period for credit card revolving can be determined, ranging from a minimum of 21 days to a maximum of more than 50 days.

For example, if the bill date is the 20th of each month and the repayment date is the 10th of each month, then the purchases made on the 21st of each month will receive the longest interest-free period, and the purchases made on the 19th will be the shortest interest-free period. All purchases made before the 20th of the month will have to be repaid by the 10th of the following month, otherwise overdraft interest will be incurred, and late fees will be incurred if the minimum payment is not paid, which is 10% of the current bill amount.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

The details of the credit card statement date and repayment date are as follows:

1. The date of the credit card statement: The date on which the bank mails the credit card statement is the date of your credit card statement. Your credit card issuing bank will regularly summarize and settle all transactions and fees in your account for the current period every month, and at the same time calculate the interest, calculate the total amount you owe for the current period and the minimum repayment amount, and then mail you the current bill.

To put it simply, the bank tells you the amount of money you have spent on your credit card and the details of your spending since the beginning of the month.

2. Repayment date: The repayment date is the date used to repay the amount listed in the bill. The length of time is generally about 25 days after the statement date, and the specific time varies from bank to bank.

Difference Between Bill Date and Repayment Date:

1. Under normal circumstances, the bill is billed on the day of the bill, and it is OK to repay the loan before the last repayment date, and it is best to repay it in full.

2. If you do not repay the loan in full, you must repay at least the minimum repayment amount;

3. The difference is your debt ratio.

For example, if you spend 9,000 yuan on a credit card with a limit of 10,000 yuan 20 days ago, then the bill will show that 9,000 yuan is pending payment, which means that the debt ratio of your card is 90%, which is not beneficial to credit card advances, loans, etc.; Credit card advances are generally kept within 30% of the debt ratio.

The differences are as follows: 1. The bill date is the date of the bill, and the repayment date is the date of repayment; The bill date can be modified, but the repayment date cannot be modified. The default billing date is determined by the credit card application time, approval time, and repayment date is determined by the billing date. Therefore, the difference between the bill date and the repayment date is more obvious.

2. Whether it is the bill date or the repayment date, the user needs to figure out the concept of the two, because the two are related to whether the user repays on time and in full.

The differences are as follows: Statement date: It means that the issuing bank will regularly summarize and settle the transactions and fees that occur in your credit card account in the current period, calculate the total amount you owe and the minimum repayment amount in the current period, and send you a statement.

This is the statement date of your credit card.

Repayment Date: The last date on which the issuing bank of the credit card requires the cardholder to return the amount due. In other words, after the card issuer has issued the bill, you should pay off all the fees you have consumed before the due date.