Instead, I will charge you a total of: 5% overdue fine for the unpaid part of the minimum repayment amount+full penalty interest of five ten thousandths of the daily bill, and the interest will be compounded monthly. That's not all. If the annual fee is incurred in the overdue month, it will be included in the minimum repayment amount of the next bill, and the interest will be compounded monthly.

For example, you owe a total of 3000 yuan and haven't paid back a penny. In the case of free annual fee, the calculation formula of the minimum fee you have to pay back in the first month is as follows:

300×0.05+3000×0.0005×N[N: the number of days from the credit card date to the billing date]

Then, the formula for calculating the minimum monthly repayment amount is as follows:

(previous bill principal 10%+ late payment fee 10%+ interest 100%)×0.05+ (previous bill principal+late payment fee+previous interest )× 0.0005× n [n [n: the number of days from the previous repayment date to the current billing date]

So, the people I answered before, they were all wrong. Because the actual interest after compound interest is higher than they say, not to mention the amount of late fees. The actual total cost will be much higher than the amount mentioned above. This is why banks are also called "usurious institutions". Now you know, right?

In addition, the answer on the third floor is incomplete, and the late payment fee is wrong. Please follow what I said above. If you have time to calculate your expenses according to the above formula, you can work out how much the bank will charge you.