At present, ABC's credit card overdue repayment charges generally adopt the method of cyclic interest. Each amount on the bill (including consumption principal, cash principal borrowed in advance and interest paid) is used as the interest-bearing principal, and the bookkeeping date of the account is used as the interest-bearing start date, and the daily interest is 0.05% until the payment date of the account.

For example:

For example, 15 is the billing date of the bank. In this month's billing cycle, someone made a consumption on 14, amounting to 5000 yuan. Then this person's "current repayment amount" is 5000 yuan, and the "minimum repayment amount" is 500 yuan.

If he only paid the minimum repayment amount of 500 yuan before 30th, the specific calculation of the circulating interest in the statement of the next month 15 is as follows: 5,000 yuan ×0.05%×26 days (March 5th-March 30th)+(5,000 yuan -500 yuan) ×0.05%×6 days (3/kloc-0).

Due to the high penalty interest rate of credit card overdue cycle interest, you must repay before the repayment period expires, so as to avoid paying more interest for no reason.

Credit card interest of Agricultural Bank: According to the unified regulations of the People's Bank of China, Agricultural Bank charges a daily interest rate of 0.5 ‰, with monthly compound interest. (Interest is not calculated during the interest-free period)

Example of credit card interest calculation of Agricultural Bank:

The cardholder's card billing date is 10 day per month, and the 25th day after the billing date is the due repayment date. If the cardholder overdraws 1 1000 yuan on March, the current bill date is April10, and the interest-free repayment period is the due repayment date of the bill in April, that is, May 5. Cardholders enjoy different interest-free situations, and the repayment time is different.

(1) If the cardholder repays the loan before May 5, he can enjoy the interest-free repayment period, and only needs to repay the principal 1 1,000 yuan.

(2) If the cardholder repays after May 5th (for example, May 9th), he will not enjoy the interest-free repayment period, and the total principal and interest to be repaid will be 1029.5 yuan (1000+1000 * 0.0005 * 59 =1029.5).

(3) If the cardholder repays part of the arrears before May 5 and the rest after May 5 (for example, 400 yuan will be repaid on April 15 and the rest will be repaid on May 9), the total principal and interest must be repaid 1024.7 yuan. ( 1000+ 1000*0.0005*35+600*0.0005*24= 1024.7)。

Baidu encyclopedia-credit card repayment