What is the average return on assets of credit cards?

the annual interest rate of credit cards is generally around 9% to 2%. Generally, the handling fee is charged according to the number of installments, and no interest is charged. If you use a credit card to withdraw cash, you usually charge interest at a daily interest rate of five ten thousandths, and you will also calculate compound interest on a monthly basis, but the annual interest rate is not more than 2%.

according to article 7 of the measures for the supervision and administration of credit card business of commercial banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders. The credit card stipulated in the relevant laws of our country ("the NPC Standing Committee's Interpretation on the Credit Card Provisions of the People's Republic of China and the Criminal Law of the People's Republic of China") refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

annual interest rate of credit card

annual interest rate = installment fee rate/(number of installments 1)24= single installment fee rate/(number of installments 1)24, and the most common 12 installment 7.2% fee is equivalent to the annual interest rate of 7.2/(121)24=13.29%.

ICBC charges 3.58% for the 12th installment, with an annualized interest rate of 6.61%, which is equivalent to 1.1 times of the benchmark interest rate of 6.% for one-year loans, and is charged in installments of .358/1324=.669=6.61%.

for the first installment, the annualized interest rate should be divided by (1- installment fee). The first payment is .358/1324/(1-.358) = .6854 = 6.85%.

Influencing factors:

Central Bank's policy

Generally speaking, when the central bank expands the money supply, the total supply of loanable funds will increase, and the supply exceeds demand, and the natural interest rate will decrease accordingly; On the contrary, the central bank implements a tight monetary policy to reduce the money supply, so that loanable funds's demand exceeds supply, and interest rates will rise accordingly.

price level: the market interest rate is the sum of the real interest rate and the inflation rate. When the price level rises, the market interest rate also increases accordingly, otherwise the real interest rate may be negative. At the same time, due to the rising price, the public's willingness to deposit will decrease while the loan demand of industrial and commercial enterprises will increase. The imbalance between deposit and loan caused by the loan demand exceeding the loan supply will inevitably lead to an increase in interest rates.

Stock and bond market: If the securities market is on the rise, the market interest rate will rise; On the contrary, interest rates are relatively lower.

international economic situation: the change of one country's economic parameters, especially the exchange rate and interest rate, will also affect the fluctuation of interest rates in other countries. Naturally, the rise and fall of the international securities market will also pose risks to the interest rates faced by international banking business.

How to make money by credit card

If you want to make money by credit card, you can only make full use of the interest-free period, and cardholders can enjoy the longest interest-free period when they swipe their cards on the second day of the billing date. Generally, it can take 5 days. Cardholders can use these 5 days to do some investment and financial management, and maybe they can get good returns. Generally, it is more cost-effective to use interest-free period to manage money when cardholders have significant consumption.

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1. Annual fee. At present, the competition in the bank credit card market is also fierce. Most banks will reduce the total amount or the number of swipes, and earn it by way of handling fees. The handling fees for credit card swiping are deducted, and this money is mainly shared by the issuing bank, UnionPay and the acquiring bank. The issuing bank will charge between .36% and .48%, which will benefit a lot. Interest, overdue repayment will charge high interest, generally at .5%/ day, with daily interest and monthly compound interest. The installment fee, when the cardholder repays by installment, needs to pay a certain installment fee. It is also the main way to make money. Other income, such as cash withdrawal fee, loss reporting fee, SMS function fee, etc.

2. among the main points of bank credit card income, the most important source is the credit card handling fee. Therefore, the majority of card friends want to keep the credit card quota in their hands stable or increase the quota. It must be our credit card, and the bank can get the due income. Not all of us can make money by swiping the card at the bank casually, and the types of swiping cards are particular. Credit card standard merchants, banks earn normal procedures. Credit card offers fire public welfare merchants (that is, code hopping), and banks make less money or no money. At present, the industry situation is to close the self-selected merchants. It is best to match the merchants' schedules, swipe the cards accurately, prevent merchants from jumping around and avoid bank risk control. Simulate the real consumption of diversified merchant types to swipe cards, improve the comprehensive score of credit cards, and improve the amount of credit cards.

3. Users are the biggest resource, and every bank wants to have as many resources as possible. In order to seize the credit card market, banks have already opened up the authority to handle cards, which means that we can handle Kolor commission through some platforms. As long as you have enough ability to sell more credit cards, why worry that you have no money to earn, and the commission of credit cards is not small, and the highest price is 5 yuan. As we all know, the function of credit card can be used by overdrawing some funds in advance, and it is this part of funds that is infinitely possible. Many people will choose to invest their credit card money and use their own money as their daily consumption. As long as they have the ability to invest in financial management, they can choose to raise the card first and then take the money out to do financial management. However, the risk of doing so is still relatively large, and it is best to do what you can.

how to calculate the credit card interest of China Bank

The overdraft interest of the credit card overdraft withdrawal interest of China Bank 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.

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

so much for the introduction of credit card benefits.