As of February 23, 20 19, according to the new regulations, the minimum repayment ratio of China Merchants Bank's credit card consumption transactions was adjusted from 18% to 5% in the bills of June and after 20 19, and the calculation method of cyclic interest is as follows (the following example is based on the new minimum repayment standard, and the cyclic interest is calculated according to the actual bill.

The cardholder's bill date is 22nd of each month. On April 4th, the cardholder used his credit card to spend 1700 yuan. On April 5, this consumption was recorded. On April 22nd, the bill will show that the "payable amount in this period" is 1700 yuan, and the "minimum repayment amount" is 85 yuan.

If the cardholder only repays RMB 65,438+0,000 on the due repayment date on May 5, the interest payable by that date will be shown on the bill on May 22, that is, the revolving credit principal of RMB 65,438+0, the interest of 700 yuan for 65,438+0.7 days and the interest of the remaining 700 yuan principal after repayment of RMB 65,438+0.3 days:

1700 yuan× 0.05 %×17 days (April 5-April 2 1) 700 yuan× 0.05 %×13 days (May1May 22) =/kloc.

Extended data:

I. Interest-free period

It refers to the time period from the bank bookkeeping date to the due repayment date of consumer transactions, during which the cardholder repays all the payables and enjoys interest-free treatment before the due repayment date (inclusive). If the cardholder fails to repay in full in the current period, and the unpaid amount does not exceed RMB 10 yuan or USD 1 yuan, the consumer transaction that can enjoy interest-free treatment will not charge additional interest and liquidated damages.

The longest period of interest-free repayment is 50 days. Unless otherwise agreed between the card issuer and the applicant, the maximum period of interest-free repayment shall not exceed the maximum period required by relevant laws and regulations.

Second, revolving credit.

Revolving credit is a small unsecured loan with daily interest. Cardholders can decide the repayment amount according to their own financial situation before the current credit card bill expires. When the cardholder's repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the revolving credit balance.

If you choose to use revolving credit, you will not enjoy the interest-free repayment period in the current period.

Third, revolving interest.

From June 2065438 to February 2009, the minimum repayment ratio of consumer transactions was adjusted from 10% to 5%.

For example, the cardholder's billing date is the 7th of each month, and he spent 2000 yuan by swiping his card in April 1, and this consumption was recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is 2000 yuan, and the "minimum repayment amount" is 100 yuan.

If the cardholder only repays RMB 65,438+000 on April 25th, the interest payable by that date will be shown on the bill on May 7th, that is, the interest of RMB 2,000 revolving credit principal for 23 days and the interest of RMB 65,438+0900 remaining after repayment of RMB 65,438+03 days:

2,000 yuan× 0.05 %× 23 days (April 2-April 24) 1900 yuan× 0.05 %×13 days (April 25-May 7) =23 yuan 12.35 yuan =35.35 yuan.

Note: The above example is based on the new minimum repayment standard, and the revolving interest is subject to the actual bill.