How many months can the revolving interest of Ping An Bank be refunded?

There is no fixed number of months for the revolving interest of Ping An Bank's credit card to be refunded.

The so-called revolving interest is the penalty interest that occurs when full repayment is not made in a certain month, and there are installment repayments, minimum repayments, and cash withdrawals. This is only inconsistent with the regulations to a certain extent and can be reported to the China Banking Regulatory Commission for resolution.

Of course, if you negotiate with the bank to refund the recurring interest, it still depends on the outcome of the negotiation with the bank.

What is the overdue interest rate for Ping An Credit Card? Thanks!

Generally speaking, if you repay your Ping An credit card on time, no interest will accrue. However, if a Ping An credit card is repaid overdue, a certain amount of interest will be charged. Currently, Ping An Bank generally adopts the calculation of recurring interest in billing for overdue repayments of credit cards. The calculation of recurring interest is based on the interest-bearing principal of each amount on the bill (including the consumption principal that does not enjoy the interest-free repayment period, the cash advance principal, and the interest paid), and the accounting date of the account It is the starting date of interest accrual, and the daily interest rate is 0.05% until the date the account is paid off.

For example, the 15th is the bank statement day. During this month’s billing cycle, someone made a purchase on the 14th, amounting to 5,000 yuan. Then the person's "repayment amount for this period" is 5,000 yuan, and the "minimum repayment amount" is 500 yuan.

If he only repaid the minimum repayment amount of 500 yuan before the 30th, then in the statement on the 15th of the next month, the revolving interest will be calculated as follows: 5,000 yuan × 0.05% × 26 days (March 5 Day - March 30) (5,000 yuan - 500 yuan) × 0.05% × 6 days (31st - 5th) = recurring interest.

The so-called revolving interest is charged when you use revolving credit to repay or use cash advance. To put it simply, if you cannot repay the full amount every month, you must pay the minimum repayment first. The interest accrued on the amount. Revolving interest is triggered when you always make the minimum payment.

Revolving interest is the interest that accrues when you fail to repay in full. The number of days from the recording date of each account to the date the account is paid off is the number of interest accrual days. The daily interest is 10,000 Five is the interest rate. If you use the cash advance function of a credit card, recurring interest will also accrue, and interest will be charged at a daily interest rate of 0.05% from the day of withdrawal to the date of repayment, and compound interest will be charged on a monthly basis until you pay it off.

The recurring interest on credit cards is penalty interest. Generally, penalty interest appears on all card purchases during the period when the full credit limit is paid off if the full amount is not repaid in a certain month. As a result, even if you repay the bill in full, there may still be penalty interest.

If you pay off all the consumption payments in full before the due date of the current billing cycle, you can enjoy the interest-free period by swiping your card and no recurring interest will be generated;

If the current bill is not paid off in full on time, it will be regarded as using revolving credit. All consumption in the current period will accrue interest from the accounting date (usually the second day after consumption), with a daily interest rate of 0.05% until all is repaid. until it is cleared;

If you use the cash advance function, the cash advance portion will not enjoy the interest-free period, and interest will be accrued starting from the day the cash is withdrawn, with a daily interest rate of 0.05%, on a monthly basis

How to calculate the recurring interest of Ping An Bank credit card? You can’t afford to hurt it

The competition in the credit card market is quite fierce. I believe everyone knows about Ping An Bank credit card, and maybe a large number of people have it. A Ping An Bank credit card of your own. Interest will be charged if your credit card is overdue or you choose the minimum repayment amount. So, do you know how Ping An Bank’s credit card interest is calculated?

How to calculate overdue interest on credit cards

Many people don’t know how much interest is on Ping An Bank’s credit cards. Don’t underestimate it. It is very likely that you cannot afford the fee. . Let’s take a look at how interest is calculated.

The interest of Ping An Bank’s credit card is calculated based on the daily interest rate of 0.5%, which is equivalent to the annual interest rate. If the repayment date of your Ping An Credit Card is August 28, August 10 is your On the statement day, Ping An Bank will calculate the interest for you from the 10th of the previous month to the 10th of this month. If you spent 2,500 yuan on the 20th of last month, you will need to return 2,500 yuan on the 28th of this month. The minimum repayment amount is: 25005%=125 yuan. If you have no repayment experience in the past, the minimum repayment amount is 250010% = 250 yuan.

Interest will be calculated based on the repayment method below:

1. Full repayment of 2,500 yuan: interest-free within 50 days (50 days from the repayment date on October 28), and the recurring interest is 0.

2. Repaid part of the debt: Calculated based on the minimum repayment amount of 125 yuan, then counting from the 20th of the consumption to the end of the repayment date, there are a total of 37 days. Within these days The full penalty interest rate is: 2500 yuan; however, there is still (2500-125) that has not been repaid, and the interest calculation is: (2500-125) yuan (from the 28th of the current payment date to the next month’s bill printing date in November 10th, 13 days total); the two parts add up to Yuan, which is the total interest rate of Ping An Credit Card for the current period.

If the cardholder has been unable to pay off the credit card bill in full, the interest that has not been paid back before will also be charged on a rolling basis. If things continue like this, you may not be able to afford the recurring interest and compound interest.

Most banks charge credit card interest in this way, calculating interest on the full amount, except for ICBC, which only calculates interest on the unpaid portion. If you want to apply for a Ping An Bank credit card, click on the Ping An Credit Card Application Portal

What is the revolving interest rate of Ping An Bank?

1. If the minimum repayment amount is repaid or the full repayment is not made, ordinary card consumption does not enjoy interest-free treatment. Interest will be calculated for each transaction starting from the accounting date, with a daily interest rate of 10,000 Five-fifths, until the date the account is settled, the interest on 10,000 yuan will be 5 yuan per day.

2. Currently, Ping An Bank does not enjoy the interest-free period for cash withdrawals. Interest is calculated daily at a daily interest rate of 5/10,000 starting from the cash withdrawal transaction date, and compound interest is calculated monthly.

For a single domestic cash withdrawal of 10,000, the handling fee is 250 yuan and the interest is 5 yuan per day.

How to check the revolving interest of Ping An Credit Card?

The revolving interest of Ping An Credit Card can be viewed in the current statement corresponding to the credit card consumption statement.

The revolving interest of Ping An Credit Card is a type of small loan interest calculated on a daily basis. You can decide the repayment amount according to your own financial situation every month before the due date of the current credit card statement. It should be noted that the amount cannot be lower than the minimum repayment amount on the current statement.

Revolving interest refers to the amount of each consumption in the previous period's statement as the interest-bearing principal, and the number of interest-bearing days starts from the recording date of the account to the day before the repayment date of the account. .

How to calculate the recurring interest of Ping An Bank credit card?

The calculation method for the recurring interest of Ping An Bank’s credit card is as follows:

If the repayment date of your Ping An Credit Card is August 28, then Ping An Bank will probably pay it around the 10th. You calculate the interest from the 10th of last month to the 10th of this month. If you spent 2,500 on the 20th of last month, you will need to return 2,500 on the 28th of this month. The minimum repayment amount is: 25005%=125 yuan. If you have no repayment experience in the past, the minimum repayment amount is 250010% = 250 yuan. Interest will be calculated based on the repayment method below:

1. Full repayment of 2,500 yuan: interest-free within 50 days (50 days from the repayment date on October 28), and the recurring interest is 0.

2. Repaid part of the debt: Calculated based on the minimum repayment amount of 125 yuan, then counting from the 20th of the consumption to the end of the repayment date, there are a total of 37 days. Within these days The full penalty interest rate is 0.05%, that is, the interest is: 25000.05%37; however, there is still (2500-125) that has not been repaid, and the interest calculation is: (2500-125) 0.0513 (print from the 28th of the current payment date to the next month The bill date is November 10th, totaling 13 days); the sum of the two parts is: (2500-125)0.0513 (2500-125)0.0513, which is the total interest rate of Ping An Credit Card for the current period.

This concludes the introduction to Ping An Credit Card’s revolving interest and how to calculate Ping An Credit Card’s revolving interest. Have you found the information you need?