1. If the repayment is not made within the last repayment date: if it is overdue, a fine of 5% of the bill amount will be charged, and the minimum number of days for which 20 yuan interest is overdue is five ten thousandths per day; 2. If the minimum repayment amount is less than 10%, the overdue fine will be charged at 5% of the unpaid amount, and the interest on the minimum 20 yuan will be charged at 0.5 ‰ of the daily overdue interest; 3. The repayment amount exceeds 65,438+00%, but it has not been fully paid off: it is not overdue, but the interest is increasing every day, and the unpaid amount is increasing at the interest rate of five ten thousandths every day until the arrears are fully paid off. In addition to late fees and interest, overdue records will seriously affect the future credit life. For example, if you apply for another bank's credit card, the bank will investigate the applicant's credit history. If it is overdue, it will be difficult to apply for a credit card. Not only is it difficult to apply for a credit card, but even the loan will be affected.
How to calculate the interest on the credit card?
Credit cards generally have an interest-free period of 30 days, and consumers will not charge interest as long as they pay off their debts during the interest-free period. If the consumer is overdue, the interest is generally calculated at the daily interest rate of 0.05%. If the overdue period exceeds 30 days, some banks will calculate the interest at the daily interest rate of 0. 1%.
If the consumer spends 10000 yuan overdue after using the credit card, the daily interest to be paid is 100000.05% = 5 yuan, and one month (calculated by 30 days) is 150 yuan. Generally speaking, the interest to be paid is very high, so it is recommended not to overdue it easily.
Take the credit card of China Merchants Bank as an example:
1. When the credit card bill is not repaid in full and on time, cyclic interest will be generated: interest will be calculated one by one according to each consumption in the bill, and it will be calculated at 0.05% 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%. (Due to different months, different repayment conditions and other factors, the actual annualized interest rate may be different from the above annualized interest rate. )
2. Cash advances do not enjoy interest-free repayment. From the date of cash advance to the date of settlement, interest will be charged at the daily rate of 0.5 ‰, and compound interest will be charged monthly. The upper limit of the corresponding annualized interest rate is 18.25% and the lower limit is 12.775%.
(Due to different months, different repayment conditions and other factors, the actual annualized interest rate may be different from the above annualized interest rate. )
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 any questions and need to report the case, please go to the bank and other financial departments in person or report the case 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 bank. At present, the door of self-service bank has been gradually transformed into a button-open type. When withdrawing money from the self-service bank, if you find suspicious equipment at the entrance and exit of the self-service bank or prompt "Confirm by password", don't swipe your card and enter the password, and report to the bank and the public security organ in time.
4. Pay attention to separate the card from the ID card. In life, many people put their ID cards and bank cards together. Once lost or stolen, the cardholder's funds are likely to be lost.
5. When swiping a credit card, confirm whether it is a UnionPay POS machine. After swiping the card, you have to sign the shopping statement. At the same time, we should also pay attention to whether there are duplicate problems to prevent the returned bank cards from being exchanged. In addition, the signature style should be as consistent as possible with the signature on the card.
How to calculate the overdue interest of credit card?
1. How to calculate the interest after the credit card is overdue?
If the credit card is overdue, the interest will be divided into two situations:
1. Generally, the overdue interest of bank credit cards is 0.5 ‰ per day, and the interest is charged at the rate of 0.5 ‰, and then the compound interest is calculated at the rate of 0.5 ‰ until the cardholder pays it off completely.
2. The overdue part shall bear interest in full and compound interest monthly until the cardholder pays it off. At present, the credit card is overdue, and the bank will pay the agreed interest according to the fact that the cardholder has not paid the minimum repayment amount for 5 months for more than 3 months.
Second, what should I do if my credit card is overdue?
1. Quick remedy for overdue credit cards
(1) If it is overdue, you should call the banking service immediately to explain that it is not malicious arrears, and make up the arrears in time.
(2) Under normal circumstances, banks will have a three-day grace period. Once the cardholder finds that the credit card is overdue, please deal with it immediately to avoid leaving a bad record.
2. How to deal with bad records?
(1) If the cardholder leaves a bad record in the bank, don't rush to cancel the card after paying off the arrears and explaining the situation. Once the card is cancelled, the personal credit record cannot be updated, and the bad record will always be recorded in the bank, causing serious consequences.
(2) The correct way is to continue to use this credit card and maintain a good credit record for at least 2 years, which will basically not affect personal mortgage, loan, credit card application and other businesses.
How to calculate interest on overdue credit cards?
Credit cards generally have an interest-free period ranging from 20 days to 50 days. If the cardholder fails to repay during this period, interest will be charged on overdue debts. At present, there are two kinds of interest calculation methods for credit cards, one is full interest calculation, and the other is installment interest calculation.
Full interest
Full interest calculation is also called full penalty interest, which means that the cardholder fails to pay off all the debts owed before the repayment date, and from the date of consumption to the date of full repayment, the interest is calculated at the rate of five ten thousandths per day.
For example, the bank statement of a credit card is July 7, and the repayment date is the 25th of this month. The repayment this month should be 1 000, and the minimum repayment amount is 1 000. Do not return it before 25th, and return it to 200 yuan on 28th.
The calculation method of cyclic interest is:
1000×0.0005×28( 1000-200)×0.0005× 10= 18
Calculation method of late payment fee:
100×0.05×3= 15
Partial system
Interest calculation by installments refers to the calculation of the overdue part, and it is also carried out from the date of consumption to the date of repayment at the rate of five ten thousandths per day. At present, only three banks, namely Agricultural Bank of China, Shanghai Pudong Development Bank and ICBC, carry out interest calculation by installments.
Credit cards must pay penalty interest and liquidated damages.
Except that ICBC pays at 10% of the minimum repayment amount and Guangfa Bank pays at 10% of the unpaid part of the minimum repayment amount, other banks basically collect liquidated damages at 5% of the unpaid part of the minimum repayment amount.
As for the collection of liquidated damages, some banks have set income limits, among which the minimum income liquidated damages of Guangfa Bank, Industrial Bank and CITIC are 20 yuan, that is to say, even if the overdue liquidated damages are five yuan, the cardholder should collect at least 20 yuan's liquidated damages.
Credit cards will have a minimum repayment amount, which is generally 10% of the bill of the current month. As long as the minimum repayment amount is paid, there will be no late payment fee and there will be no impact on personal credit information. If one month's bill is not paid back, there will be a late fee, that is, the consumption amount × 10%×5%, and the calculated amount is the amount to be paid back.
How to calculate the interest on overdue repayment of credit cards in China Bank?
Those who fail to repay in full before the interest-free repayment period will not enjoy the interest-free repayment period, and the overdraft interest calculated according to the actual amount owed and the actual number of days owed will be collected in installments from the transaction accounting date. The overdraft interest rate is five ten thousandths of the daily interest rate, with compound interest calculated on a monthly basis. I suggest you repay the loan as soon as possible to avoid more extra expenses.
The above contents are for your reference. Please refer to the actual business regulations.
So much for the introduction of how to calculate credit card interest.