The overdue interest of Bank of Communications credit card is 0.5 ‰ of the daily interest rate, with compound interest on a monthly basis. Interest calculation of revolving credit Each consumption amount in the last statement is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date. The daily interest rate of five ten thousandths is the interest of interest-bearing revolving credit, which is listed in the next bill.

Inter-bank in the same city and inter-bank in different places. Whether it is transfer or remittance, the remittance bank will charge a certain fee, and the payment time and repayment convenience are not as good as those of peers, online repayment and convenience stores.

Extended information bears a high penalty interest. After a credit card defaults, the penalty fees usually involved are revolving interest fees and late fees. The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.

Except for ICBC, the other 12 banks still carry out full penalty interest. Full penalty interest means that even if the customer repays the part, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at the daily interest rate of five ten thousandths.

The daily interest shall be calculated at five ten thousandths within 15 days from the bookkeeping date, five ten thousandths after 15 days, fifteen ten thousandths after 30 days, or the overdraft amount exceeds the specified limit. The longer the default time, the higher the penalty interest.

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