The default billing date of ICBC's new card is 1, which is the monthly billing date. The repayment date is also fixed on the 25th, which means that this bill needs to be repaid before this date. You can repay in full, enjoy the interest-free period of credit card consumption, and you can also pay the minimum amount without enjoying the interest-free period.
Expand:
1. Billing date:
This means that the issuing bank will regularly summarize and settle all the transactions and expenses of your credit card account in the current period, calculate the total amount owed and the minimum repayment amount in the current period, and mail the statement for you. This date is your credit card bill.
2. Repayment date:
The latest date and interest-free repayment period of the cardholder are different according to the regulations of each bank. The shortest is from the billing date to the final repayment date, and the longest is from the day after the billing date to the final repayment date next month. If the billing date is 1 day and the final repayment date is 20 days, the shortest is 20 days and the longest is 50 days.