What does credit term mean? What does credit card expiration mean

The credit term refers to the period during which a business gives a customer full payment when selling goods. The method of determining the credit term of an enterprise's accounts receivable is to compare the marginal benefit (the difference between sales revenue and variable cost) and its marginal cost (related costs and expenses) during the credit period, and if the marginal benefit is greater than the marginal cost, the plan to extend the credit term is reasonable.

What is Ping An Bank's revolving credit?

Ping An Bank's revolving credit is actually generated when the credit card holder does not repay the credit card in full when repaying the credit card, but the repayment amount is not lower than the minimum repayment amount, so it can be said that the remaining unpaid amount is revolving credit.

What is the revolving credit limit of Ping An Bank?

Ping An Bank's revolving credit line is actually the part that you have not paid off at the time of repayment, and the minimum revolving credit line is equal to the total amount of the bill minus the remaining amount of the minimum payment. It can be said that the amount of your repayment determines the amount of your revolving credit limit.

For example, if your credit card bill is $10,000 and the minimum payment is $1,000, if you make the minimum payment, your revolving credit limit is $9,000. If you make more than the minimum payment and repay $2,000, your revolving credit limit is $8,000.

The above is the answer to the question "What is Ping An Bank's revolving credit?" How much is the revolving credit limit? "of.

When you make a credit card payment, the repayment amount is not less than the minimum payment, and you don't pay it off in full, you will have a revolving credit, and the revolving credit limit is the amount you have left unpaid. So the more you pay, the less your revolving credit limit will be.

In layman's terms, the expiration date of a credit card refers to the period of use of the credit card. Once the validity period expires, the old card can no longer be used.

Usually, the expiration time of the credit card will be indicated on the face of the credit card, and the month is after the previous year, such as 12 20, and the validity period is until December 2020.

If the expiration date is worn out, you need to call the customer service of the issuing bank to inquire.

What to do after the expiration date of the credit card.

First of all, when the credit card is about to expire, you can call the credit card center and say that the credit card needs to be replaced when it expires, and there is no additional fee for replacing the card.

Secondly, if the cardholder does not care about the expiration date of the credit card and the credit card is about to expire, the credit card center will take the initiative to send a new card to the cardholder's billing address.

1> There is no change of registration address, the cardholder only needs to activate the new card after checking.

2> If the registered address changes, the cardholder needs to inform the credit card center in advance, otherwise the new card will not be received.

Another way is that the credit card owned by the cardholder has been registered and used in online banking, and the cardholder can apply for a new card in online banking.

If the cardholder does not want to use the expiring credit card and does not have any outstanding or overpayment, simply ask for the card to be cancelled.

The validity period of a credit card is not the same as that of a debit card. Generally, the validity period ranges from 3 to 5 years. The exact time is on the front of the credit card, below the card number. Like what.

It means that it expires in September 2016, and usually, after the expiration, the bank will send you a new card, and then the old card will be automatically invalidated. Of course, if you don't use it well, the bank may also stop renewing your card.

Credit cards are generally valid for three to five years, and the validity period starts from the day the credit card is issued.

The expiration date of the credit card is clearly marked on the face of your credit card, and the expiration date of the credit card is generally below the credit card number, and the standard format is the month before and the date after.

For example, if your credit card shows 08 16, it means that your credit card is valid for August 2016.

Once the validity period expires, the credit card can only be used to deposit money for repayment, and cannot continue to use the card and withdraw cash.

If your current credit card is reissued, it will be the same as the original expiration date, but if you reissue it, the specific date will be on the same credit card you have now.

It is the service life of the card, whether it is a credit card or a savings card, as long as the credit card is in normal use, the bank will take the initiative to mail you a new card before the expiration, which will not affect the use.

After the expiration date, it cannot be used. The expiration date will be engraved on the credit card. In general, on the front of the card, below the card number, there are 4 digits separated by 4 digits. For example: 10 27, which expires in October 2027.

The credit card will automatically become invalid after the expiration date, and the bank will mail you a new card 1-2 months in advance during normal use.

Legal analysis: refers to the letter of credit in which the issuing bank or the paying bank fulfills the payment obligation within the specified time limit when it receives the documents of the letter of credit. The maximum term of a usance letter of credit is more than 360 days (including 360 days).

There are 3 different periods: within 90 days, 90 days, 360 days (including 90 days), and more than 360 days (including 360 days).

Legal basis: Article 10 of the Measures for the Settlement of Domestic Letters of Credit The relevant dates and terms of letters of credit.

1) The date of issuance refers to the date on which the letter of credit is opened by the issuing bank. If the effective date of the L/C is not recorded, the effective date of the L/C shall be the effective date of the L/C.

2) Validity period refers to the deadline for the beneficiary to submit the document to the effective point.

c) The latest date of shipment of goods or the date of provision of services means the deadline for shipment of goods or provision of services specified in the letter of credit. The latest date of shipment of goods or the date of provision of services shall not be later than the validity date of the letter of credit. If the letter of credit does not specify, the validity period shall be deemed to be the latest date of shipment of goods or the date of provision of services.

4) Payment term refers to the time limit for payment according to the terms of the letter of credit after the issuing bank receives the corresponding documents. Letters of credit are divided into sight letters of credit and usance letters of credit according to the payment term. For L/C at sight, the issuing bank shall make payment within 5 business days from the day after receiving the corresponding documents.

For usance L/C, the issuing bank shall confirm the payment due within 5 business days from the day after receiving the corresponding documents, and make payment on the due date. The way to express the forward date includes: regular payment after the document, regular payment after the receipt of the document, fixed day payment and other ways to determine the due date.

The maximum payment term of the letter of credit shall not exceed 1 year.

5) Submission period refers to the effective period of submission of the documents required under the letter of credit, which is calculated from the date of shipment of the goods or the date of provision of services. If the time limit is not specified, it shall be 15 days after the date of shipment of the goods or the date of provision of the service. In any case, the submission of documents shall not be later than the validity period of the letter of credit.

The expiration date of a credit card is generally expressed in a certain month and a certain year.

For example, the expiration date on the card is 03 23, which means that the validity period of the bank card is until March 2023, and the bank card will become invalid in March 2023.

Under normal circumstances, credit cards are marked with a card expiration date, and the validity period of credit cards is generally 3-5 years, and individual card issuers are 8 years, such as Industrial and Commercial Bank of China. It is recommended that you consult with the relevant staff when applying for a credit card.

If your credit card is to expire, you should do the following:

1. When the credit card is about to expire, you can take the initiative to call the credit card center to ask for a replacement card, and it is free.

2. When the credit card is about to expire, if you don't pay attention, it doesn't matter, the bank credit card center will take the initiative to help the customer replace the card, and then it will be sent to the user's bill receiving address, and the new card can be activated after checking, and the old card will be invalid and cannot be used.

3. If you change your work address or home address, you must inform the credit card center before changing the card, otherwise you will not receive the credit card.

4. If your credit card has been registered for online banking, you can also register for a new card in online banking.

5. If you don't want to use the credit card anymore, you can ask for the card to be cancelled.

In fact, the expiration date of the credit card is still an important information in the credit card payment process, and in some places, you can use the name, card number, expiration date and CVV code to make payment. Therefore, cardholders should still protect their card information to avoid theft.

I love cards.

Available before this time. After the expiration date, the credit card will no longer work.

The credit term of a bank loan, also known as the credit term, refers to the time interval between the purchase of goods and the payment of the goods. There is a certain dependence between the sales volume of enterprise products and the credit period, and the determination of the credit term is an important part of credit management, and the purpose of determining the credit period is to allow the enterprise to obtain more profits.

The term of credit has an impact on the profitability of a business in two ways:

First, the credit term will affect the cost of the enterprise, and the longer the credit term, the greater the cost borne by the enterprise;

Second, the credit term affects the competitiveness of the enterprise in the market, the longer the credit term given by the enterprise, the lower the price paid by the customer when buying the goods, the more competitive the product is in the market, and the greater the market share will be obtained by the enterprise. Therefore, the optimal credit term depends on the balance of the two.