Credit cards have a specified billing date and repayment date, and the repayment period is periodic. "billing date" refers to the date when the card issuer summarizes the cardholder's accumulated outstanding consumer transaction principal, cash withdrawal transaction principal, expenses, etc. every month, calculates the interest and calculates the amount that the cardholder should repay. ?

the latest date specified by the card issuer that the cardholder should repay all the payable amount or the minimum repayment amount (the consumption amount can be repaid before the due repayment date, and it can only be returned to the credit card before 24 o'clock on the repayment date at the latest). Extended information

The billing date of the cardholder's credit card is the 1st, and the due repayment date is the 2th. Card friends spend their money by credit card on November 5th, 12th and 3th. At this time, the bank will collect and settle the expenses on December 1st.

Credit cards are usually limited to the cardholder's own use, and lending them to others is generally a violation of the use contract. Before the credit card is cancelled, the account balance must be cleared, and the whole process of card cancellation should be completed within 45 days after the application is made.

In Hong Kong, credit card holders usually receive monthly statements every month. If credit card holders used their credit cards to spend money in that month, they need to pay the minimum repayment amount on the monthly statements before the final payment deadline on the monthly statements. Otherwise, the card issuing company has the right to add interest and administrative fees, or hire debt collection companies/credit reporting centers to collect money.

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