What Are Billings in Excess of Costs?
Monthly statement generally includes electronic statement and paper statement, which refers to the loan center (credit card center) of the issuing bank. After the cardholder's monthly billing day is settled, the cardholder's credit card details are packaged into E-mail is sent to the billing mailbox written by the cardholder, or the statement is printed and sent to the cardholder's billing address, with the consumption amount and minimum repayment amount, and the final repayment payment period, etc.
statements
Monthly statement generally includes electronic statement and paper statement, which refers to the loan center (credit card center) of the issuing bank. After the cardholder's monthly billing day is settled, the cardholder's credit card details are packaged into E-mail to the billing box written by the cardholder or print it as a statement
Credit card e-bills are usually sent via e-mail, which include credit card account information, billing cycle, total repayments for the current period, summary of points by card number, and transaction details .
Points are summarized by card number
The balance of | + | New in this issue | - | Deductions for this period | = | Current balance |
Total amount due in this period
Total payable in this period | = | Total amount due in the previous period | + | Current expenditure | - | Current income |
The minimum repayment amount refers to the minimum amount of the current bill repayment before the last repayment date, no late fees will be charged, no active application is required and credit information will not be affected, but the consumption on the bill is not exempt from interest. All consumption in the current period starts from the accounting date, and is charged at five ten thousandths of the daily interest rate (repayment in full on time, credit card consumption can enjoy the interest-free period).
Minimum repayment amount = monthly outstanding balance of this month × 10% (standard card is 5%) + outstanding minimum repayment amount of the previous period, and there is a minimum repayment limit.
The minimum repayment limit (slightly different for different banks) is $ 100 / $ 20 for gold card and $ 50 / $ 10 for general card. If the minimum repayment amount is not enough within 30 days after the repayment due date, the card will be suspended.
If the minimum repayment amount of the current bill is not paid off before the repayment due date, a late fee will be charged; it will be charged at 5% of the minimum repayment amount of the current bill, starting from 20 / $ 3.
(1) Delivery of the statement When your account is transacted and exceeds a certain amount, our bank will send the statement to you by regular mail every month on a fixed date (usually the third day after the statement date). If you have not received the statement within 10-15 days after the billing date, please call our 24-hour service hotline immediately to avoid delay in repayment. Details of the transactions and expenses of all cards under your name (including the main card and supplementary cards) will be listed on the statement in RMB and USD respectively.
(2) Change of billing address If you need to change the billing address, please call the 24-hour service hotline. After verifying your identity, we will send the statement to the new address provided.
(3) Reposting the statement If your statement is lost, our bank can resend it. Re-posting the statement for the last 3 months is free of charge, and re-posting the statement for 3 months before is subject to a certain handling fee.
This kind of reconciliation is used for reconciling current accounts of enterprises. Generally different companies have their own formats and no fixed requirements. At the time of return, the required reconciliation form is usually attached in the form of EXCEL after the letter it sent. The content generally includes the contract number, project name, product, contract amount, paid (received) amount, etc. Enterprises can add or subtract as needed.
1. Don't use "minimum repayment amount" lightly
Many cardholders who are new to credit card statements for the first time do not understand why they are tied to the current arrears, and there is a column called "Minimum Repayment Amount". In fact, the "minimum repayment amount" is for those who are unable to fully repay the credit card. Once you repay according to the minimum repayment amount, you will also use the "revolving credit" of the credit card. The bank will Interest is levied from the accounting date. But on the statement, we don't see relevant reminders.
For example, Article 30 of a bank's credit card regulations clearly stipulates that "cardholders who choose the repayment method with the minimum repayment amount or use the card beyond the credit limit approved by the card issuer will no longer enjoy interest-free repayment period treatment and should pay Part of the repayment is overdraft interest calculated at the prescribed interest rate from the bank's bookkeeping date. Cardholders who receive cash do not enjoy the interest-free repayment period and minimum repayment treatment, and should pay overdraft interest at the prescribed interest rate from the bank's bookkeeping date. . "
2. Credit lines are often kept in mind
The more routine these routines are, the easier it is to fall into misunderstandings. In fact, if you carefully study the above clauses, some people may find that another point, "when using the card beyond the credit limit approved by the card issuer", does not enjoy interest-free treatment. This requires us to pay attention to another project-credit line.
In the top left corner of your credit card statement, there are usually columns that tell you how much credit you have. The so-called credit limit is the total amount of credit card holders allowed to overdraft. Often the common misunderstanding is that you forget your credit limit. It s okay to use a small amount of credit. If you accidentally exceed it, you will not only be able to enjoy interest-free treatment, but you will also be charged an over-limit fee.
An effective suggestion is to consult the credit card service hotline when you are not sure how much you have available, so as not to exceed the limit!
3. Don't move as much as you want in advance
In the upper left corner of the credit card statement, immediately after the credit limit, there is usually a "pre-borrowed cash limit" item, which means that the bank authorizes you to withdraw cash from the ATM, which is generally 20% of your credit limit. ~ 50% and included in your credit line.
Some people may ask, does this mean that I can withdraw money from my credit card to pay various fees, and even use it for investment, and also enjoy interest-free treatment?
No. Although every credit card will have a cash advance, it is often considered irrational to withdraw cash from a credit card. Because you have to face the following reality: First, you have to pay the "cash advance fee", which is what we usually call "cash withdrawal fee". Each bank has different regulations on this, for example, Industrial Bank stipulates that " "According to the amount of 3%, each minimum of 30 yuan or USD3 yuan", generally more withdrawals abroad; the second is that cash advances do not enjoy interest-free repayment period benefits, starting from the day you withdraw, you need to pay annual interest 18% interest rate.
