1. Calculation method of interest: The interest of credit card withdrawal is usually calculated at the daily interest rate, and a certain amount of interest is charged every day from the date of withdrawal.
2. Interest rate setting: The credit card withdrawal rate of each bank may be different, generally between 0.05% and 0.08%. Please refer to the bank regulations for details.
3. Compound interest calculation: Some banks may calculate the compound interest of credit card withdrawals, that is, the interest generated every month is included in the principal, and the interest continues to be calculated.
4. Minimum repayment amount: you need to pay a certain minimum repayment amount every month, and the unpaid part will continue to bear interest.
5. Prepayment: Some banks may charge a certain fee for prepaid users.
Take a bank as an example, assuming that the interest rate of credit card withdrawal is 0.05%, the interest will be calculated from the date of withdrawal.
Example:
1. Xiaoming withdrew 1 0000 yuan in March, and the daily interest set by the bank was 0.05%;
On March 3 1, Xiaoming repaid 5,000 yuan, and the unpaid part was 5,000 yuan;
3.4 1 day, the bank began to calculate interest according to the remaining unpaid portion of 5,000 yuan, with a daily interest rate of 0.05%;
On April 30th, Xiao Ming repaid the remaining 5000 yuan.
So in this example, Xiao Ming's interest is calculated as follows:
March 1 to March 3 1: 10000 yuan x0.05%x3 1 day = 155 yuan.
April 1 to April 30th: 5000 yuan x0.05%x30 days =75 yuan.
Total: 155 yuan +75 yuan =230 yuan.
It should be noted that the specific interest calculation may be different due to different types of banks and credit cards. Please refer to the actual bank regulations. It is recommended to consult the bank customer service in detail to understand the relevant interest-bearing policies before handling the credit card withdrawal.