How to calculate the credit card interest of China Bank
The overdraft interest 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. Inquiries can be made through the official website of Bank of China ()-Bank Card-Service Guide-Card Guide for Handling Cards-Price List of Credit Card Service of Bank of China.
the above contents are for your reference. please refer to the actual business regulations.
how to calculate the credit card interest?
calculation method of credit card interest:
1. Credit cards will have an interest-free period, and if they are repaid before the repayment date, they will not generate interest. If they are repaid in installments on time, they will also charge a handling fee, but if they are overdue, they will have interest (and high interest).
2. The way for banks to charge overdue interest on credit cards is to calculate the total amount of the bill of the current month, which is called "full interest" instead of the amount of the outstanding part. Full interest, also known as full penalty interest, means that if you fail to repay in full by the latest repayment date, even if you are a penny short, you will calculate the full amount of the current bill at five ten thousandths of daily interest, and compound interest will be calculated on a monthly basis, which can also be called "rolling interest".
3. Except for ICBC, Agricultural Bank of China and Shanghai Pudong Development Bank, other banks use full interest, and ICBC is the first bank to cancel the full penalty interest on credit cards.
(1) Pufa
carries interest in installments, with five ten thousandths of interest, and the penalty is charged at 5% of the unpaid minimum repayment amount. If the minimum repayment amount is within 1 yuan, there is no penalty, and there is no upper limit.
(2) ICBC
pays interest on the outstanding part, and fails to repay the minimum repayment amount before the due repayment date (inclusive), which is deemed as overdue, and pays a penalty of 5% of the outstanding part of the minimum repayment amount.
(3) Agricultural Bank of China
carries interest in installments, with five ten thousandths of interest, liquidated damages and 5% of the unpaid part of the minimum repayment amount. Credit: As long as the minimum repayment amount is enough, it will not affect the credit rating.
How to calculate the interest of credit card
In general, the daily interest rate of credit card interest fee is five ten thousandths, that is to say, the monthly interest of 1, yuan is about 15 yuan.
1. Generally, credit cards are repaid on time and in full without interest. In addition, there is a certain interest and handling fee for overdraft withdrawal. The interest is calculated on a daily basis, which is also very 5%. The handling fee is charged at .5% from the date of cash withdrawal (minimum 2 yuan/transaction). You can control the credit card consumption to repay on time every month, and the credit card can always be interest-free. You only need to refund the bank amount you spend. If the loan is overdue or not repaid in full without interest, the bank will charge interest soon.
2. Credit card interest is calculated from the date of purchase. Interest is charged at 5% per day and compounded monthly, that is to say, if interest is not paid this month, interest will be accumulated next month. In addition to interest, using credit cards to repay on time will also generate some other expenses, such as late fees. Cardholders should pay attention to the cost standard of credit cards when using them. Credit cards are generally repaid on time, and the full repayment is interest-free. Credit cards can be controlled to repay on time every month. Credit cards can always be interest-free, and only the bank amount you spend is refunded without interest.
If there is demand, we recommend you to use Money Flower. Money Flower is a credit service brand under Du Xiaoman Finance (formerly known as Baidu Money Flower, renamed as "Money Flower" in June 218), and the big brands are trustworthy with low interest rates. Money spent-full easy loan, the maximum loan amount is 2,, and the daily interest rate is as low as .2%.
I have known many small loan companies. Generally speaking, Baidu money spent is the platform with the highest pass rate. The credit line is the highest. I gave me a credit line of 9.5W without anything, and my colleague directly granted a credit line of 18W.
This is the end of the introduction about how to calculate the monthly interest of credit cards and whether there is any monthly interest when using credit cards. Did you find the information you need?