The consumption amount of the last statement is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The interest on revolving credit will be listed in the next bill.
Examples of revolving interest:
Mr. Zhang's bookkeeping date is 10 day per month:
The current bills printed by the bank for Mr. Zhang on June 1 day and April 10 include all his trading accounts from March1day to April 10;
2. During the billing period, Mr. Zhang has only one consumption-March 30th, and the consumption amount is RMB 1 1,000 yuan;
3. Mr. Zhang's current bill printed "payable amount in this period" is 65,438+0,000 yuan, and "minimum repayment amount" is 65,438+0,000 yuan;
4. Under different repayment conditions, Mr. Zhang's revolving interest is as follows:
① If Mr. Zhang repays RMB 65,438+0,000 in full before May 5, the circulating interest in the statement of RMB 65,438+00 is 0 yuan;
② If Mr. Zhang only paid the minimum repayment amount of RMB 65,438+000 before May 5, and paid the RMB 65,438+00 on May 65,438+0, the circulating interest on the statement on May 65,438+00 is RMB 20.50.
The specific calculation is as follows:
Cyclic interest = 1000 yuan X 0.05% X 32 days (March 30th-April 30th).
+( 1000 yuan-100 yuan) X 0.05% X 10 days (May1-May 10) = 20.50 yuan.
Extended data:
According to the Notice on Issuing the Measures for the Administration of Credit Card Business:
Article 18 The longest overdraft period of a credit card is 60 days.
Article 19 Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of bank entry, and at the rate of five ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.
Article 20 The overdraft business of each card-issuing bank shall be managed according to its credit scale. Overdraft is transferred to short-term loan accounting.
Article 21 Malicious overdraft refers to the overdraft behavior of the cardholder for the purpose of illegal possession, which exceeds the prescribed limit or time limit and is invalid after being collected by the issuing bank.
Twenty-second special units shall not refuse to accept valid credit cards legally held by cardholders and issued by contracted banks for any reason, and shall not charge cardholders extra fees for using credit cards.
Twenty-third special units shall not pay cash to cardholders by pressing cards, signing bills, returning goods, etc.
Baidu encyclopedia-revolving credit interest rate