At present, credit card installment payment in domestic commercial banks is basically interest-free installment payment, but interest-free does not mean no charge. Installment fee is charged for credit card installment payment, and the standard of credit card installment fee is generally determined by the number and amount of installment. Most banks charge installment fees in full at the first installment, and the fees range from tens to hundreds. All cardholders must ask the charging standard clearly when using the credit card installment service. If the financial situation is good, there is no need to spend tens or hundreds of expenses in vain.

After spending by credit card, the bank will calculate the interest from the day when the consumption occurs, and the principal of interest is the total consumption. For example: Card Friend A spent 15 yuan on January 2th, 29, and A only paid it back to Bank 5 yuan before February 1st, the due date of Card Friend A, so the bank will charge interest on A from February 1st, and the calculation date of interest will start from January 2th. The principal for calculating interest is 15 yuan, and the interest rate is five ten thousandths of daily interest, with compound interest calculated on a monthly basis.

Before this, many media reported that card friends owed hundreds of dollars in interest to the bank because they paid less than one dollar when they repaid to the bank. The reason for this phenomenon was the bank's policy of "full penalty interest for overdue partial credit card repayment".

as of January 24, 27, only ICBC stopped the policy of "full penalty for overdue partial credit card repayment". The current policy of ICBC is:

Cardholders can repay according to the minimum repayment amount indicated in the statement. If repayment is made according to the minimum repayment amount, the card issuer will only charge overdraft interest for the outstanding part from the bank bookkeeping date to the repayment date. If the minimum repayment amount cannot be repaid before the due repayment date (inclusive), it shall pay the overdraft interest of the money used from the bank bookkeeping date to the repayment date, and shall also pay a late fee according to a certain proportion of the unpaid minimum repayment amount.

Go to a credit card university. Your overdue interest will accrue at the rate of .5 ‰ per day. As long as you are overdue for one day, the bank will calculate your interest for one month. Find a credit card university to see the problem of credit card fees, etc., and look at it all before using the card at a glance. Click on the resources below to enter.