how to calculate the interest on credit cards?

Credit cards generally have an interest-free period of 3 days, and consumers will not charge interest as long as they pay off their debts within the interest-free period. If the consumer is overdue, the interest is generally calculated at the daily interest rate of .5%. If the overdue period exceeds 3 days, some banks will calculate the interest at the daily interest rate of .1%.

if the consumer spends 1, yuan overdue after using the credit card, the interest to be paid every day is: 1,.5% = 5 yuan, and one month (calculated by 3 days) is 15 yuan. Generally speaking, the interest to be paid is very high, so it is recommended not to be overdue easily.

Take the credit card of China Merchants Bank as an example:

1. When the credit card bill is not repaid in full on time, it will generate cyclic interest: interest will be calculated one by one according to each consumption in the bill, and it will be calculated at .5% per day from the consumption bookkeeping date (usually the second day of the consumption date) until the transaction is paid off.

the upper limit of the corresponding annualized interest rate is 18.25%, and the lower limit is 12.775%. (The actual annualized interest rate may be different from the above-mentioned annualized interest rate due to the influence of different months, different repayment conditions and other factors. )

2. advance cash is not entitled to interest-free repayment. from the date when advance cash is processed to the date of settlement, interest will be charged at the daily interest rate of .5 ‰, with compound interest on a monthly basis. The upper limit of the corresponding annualized interest rate is 18.25% and the lower limit is 12.775%.

(The actual annualized interest rate may be different from the above-mentioned annualized interest rate due to the influence of different months, different repayment conditions and other factors. )

Precautions for credit card use:

1. Don't disclose personal information to others easily, including your ID number, bank code and other information, and don't give your bank card and credit card to others for use. If you have doubts and need to report the case, please go to the bank and other financial departments in person for consultation or report to the local public security organ. Don't call the police according to the phone number provided by the suspect.

2. Pay attention to the safe use of online banking. Install necessary anti-virus and anti-Trojan software and online banking security controls, confirm that you are logging in to the real bank website, do not easily receive strange files, and do not easily use other people's computers to log in to online banking.

3. Be vigilant when using self-service banks. At present, the door of the self-service bank has been gradually transformed into a button-opening type. When you withdraw money from the self-service bank, if you find suspicious devices at the entrance and exit of the self-service bank or prompt information such as "Confirm by password", you should never swipe your card and enter your password, and report to the bank and the public security organ in time.

4. Pay attention to separating the card from the ID card. In life, many people put their ID cards and bank cards together. Once they are lost or stolen, the cardholder's funds are likely to be lost.

5. When swiping a credit card, you should confirm whether it is a UnionPay POS machine, and sign the shopping settlement bill after swiping the card. At the same time, you should also pay attention to whether there are duplicate problems and prevent the returned bank card from being switched. In addition, the signature style should be as consistent as possible with the signature on the card.

how to calculate the credit card interest?

calculation method of credit card interest:

1. Credit cards will have an interest-free period, and if they are repaid before the repayment date, they will not generate interest. If they are repaid in installments on time, they will also charge a handling fee, but if they are overdue, they will have interest (and high interest).

2. The way for banks to charge overdue interest on credit cards is to calculate the total amount of the bill of the current month, which is called "full interest" instead of the amount of the outstanding part. Full interest, also known as full penalty interest, means that if you fail to repay in full by the latest repayment date, even if you are a penny short, you will calculate the full amount of the current bill at five ten thousandths of daily interest, and compound interest will be calculated on a monthly basis, which can also be called "rolling interest".

3. Except for ICBC, Agricultural Bank of China and Shanghai Pudong Development Bank, other banks use full interest, and ICBC is the first bank to cancel the full penalty interest on credit cards.

(1) Pufa

carries interest in installments, with five ten thousandths of interest, and the penalty is charged at 5% of the unpaid minimum repayment amount. If the minimum repayment amount is within 1 yuan, there is no penalty, and there is no upper limit.

(2) ICBC

pays interest on the outstanding part, and fails to repay the minimum repayment amount before the due repayment date (inclusive), which is deemed as overdue, and pays a penalty of 5% of the outstanding part of the minimum repayment amount.

(3) Agricultural Bank of China

carries interest in installments, with five ten thousandths of interest, liquidated damages and 5% of the unpaid part of the minimum repayment amount. Credit: As long as the minimum repayment amount is enough, it will not affect the credit rating.

how to calculate the credit card interest of China Bank

The overdraft interest is calculated based on the actual overdraft withdrawal amount and the actual number of days in arrears from the transaction bookkeeping date, and the overdraft interest rate is .5 ‰ of the daily interest rate, with compound interest on a monthly basis. Inquiries can be made through the official website of Bank of China ()-Bank Card-Service Guide-Card Guide for Handling Cards-Price List of Credit Card Service of Bank of China.

the above contents are for your reference. please refer to the actual business regulations.

how to calculate the credit card loan interest

I. how to calculate the credit card loan interest

the credit card interest is calculated on a daily basis, and the daily interest rate is .5%. The interest of the loan is calculated according to the benchmark interest rate of the central bank loan. Credit card loan interest is equal to the loan principal multiplied by the number of loan periods multiplied by the loan interest rate. You can check the loan contract for specific loan interest. In addition, credit cards have an interest-free period, while loans have no interest-free period, and interest needs to be paid on time.

if you lend a credit card to others and don't return it, you can solve it through negotiation or go directly to. The cardholder communicates with the borrower first, and negotiates with him. If the borrower still fails to repay, the cardholder can ask the other party to repay when there is evidence that it is the other party's consumption. If there is no evidence, the cardholder can only bear the responsibility for repayment. Refusing to pay a large amount of repayment will be suspected of credit card crime. It is necessary to remind cardholders that when a credit card is lent to others and others do not repay it, the cardholder will bear legal responsibility. Because our country's laws stipulate that it is illegal to lend credit cards.

second, can the overdue interest on credit cards be reduced or exempted?

Yes, as long as the credit card is overdue, it can be reduced or exempted. It is a breach of contract for a credit card to fail to repay after overdraft. The bank can ask the cardholder to repay the principal, overdue interest, late payment fee and over-limit fee, etc. At the same time, the bank can apply for freezing the cardholder's card and listing it as a prohibited customer (blacklist), and apply for enforcement. If the cardholder maliciously overdraws a certain amount for the purpose of illegal possession, and it is overdue for more than 1, yuan, it will still be returned after being collected by the issuing bank for two times and more than three months. It is suspected of credit card crime and will bear criminal responsibility.

how to calculate the credit card interest?

credit card interest is generally calculated at five ten thousandths of a day.

1. Cash withdrawal by credit card:

1. Cash withdrawal by credit card overdraft:

A Handling fee: depending on the regulations of banks, for example, the handling fee for cash withdrawal by Ping An credit card is 2.5%, with a minimum 25 yuan per transaction; The credit card of CCB is charged at .5% of the cash withdrawal amount within China, with a minimum of RMB 2 yuan and a maximum of 1 yuan. The credit card of China Merchants Bank is charged at 1% of the cash withdrawal amount, with a minimum of RMB 1 yuan per transaction;

B interest: calculated at five ten thousandths of the daily interest.

2. Cash withdrawal of credit card overpayment: Some banks need to charge a handling fee, while others don't. For example, the handling fee of China Merchants Bank is .5% of the withdrawal amount, and the minimum charge is ￥5 yuan or $1.

2. Credit card spending at POS machine:

1. Repay in full on time, free of interest;

2. Pay the minimum repayment on time, and charge it at the rate of five ten thousandths of the daily interest;

3. overdue repayment, in addition to the above interest, there are also late fees.

How to calculate the interest of credit card

In general, the daily interest rate of credit card interest fee is five ten thousandths, that is to say, the monthly interest of 1, yuan is about 15 yuan.

1. Generally, credit cards are repaid on time and in full without interest. In addition, there is a certain interest and handling fee for overdraft withdrawal. The interest is calculated on a daily basis, which is also very 5%. The handling fee is charged at .5% from the date of cash withdrawal (minimum 2 yuan/transaction). You can control the credit card consumption to repay on time every month, and the credit card can always be interest-free. You only need to refund the bank amount you spend. If the loan is overdue or not repaid in full without interest, the bank will charge interest soon.

2. Credit card interest is calculated from the date of purchase. Interest is charged at 5% per day and compounded monthly, that is to say, if interest is not paid this month, interest will be accumulated next month. In addition to interest, using credit cards to repay on time will also generate some other expenses, such as late fees. Cardholders should pay attention to the cost standard of credit cards when using them. Credit cards are generally repaid on time, and the full repayment is interest-free. Credit cards can be controlled to repay on time every month. Credit cards can always be interest-free, and only the bank amount you spend is refunded without interest.

If there is demand, we recommend you to use Money Flower. Money Flower is a credit service brand under Du Xiaoman Finance (formerly known as Baidu Money Flower, renamed as "Money Flower" in June 218), and the big brands are trustworthy with low interest rates. Money spent-full easy loan, the maximum loan amount is 2,, and the daily interest rate is as low as .2%.

I have known many small loan companies. Generally speaking, Baidu money spent is the platform with the highest pass rate. The credit line is the highest. I gave me a credit line of 9.5W without anything, and my colleague directly granted a credit line of 18W.

Let's stop talking about how to calculate the interest on credit card loans.