The interest on the minimum repayment amount of a credit card is calculated according to the daily interest rate of 0.5 ‰. The minimum repayment amount refers to the minimum repayment amount of a credit card every month, which is displayed on the bill of the credit card in the current month. If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. Interest is charged on all consumption in the current period from the bookkeeping date.

Examples of revolving interest: If your bookkeeping date is the 5th of each month, the due repayment date is the 23rd of each month; The current bill printed by the bank for you on April 5, including all your trading accounts from March 5 to April 5; Suppose you have only one consumption in the current bill, the consumption amount is RMB 1 000, and the time required by the merchant is March 30th; The "payable amount in this period" printed on your current bill is 1 1,000 yuan, and the "minimum repayment amount" is 1 1,000 yuan; Under different circumstances, your circulating interest is as follows: ① If you pay off ￥ 65,438+0,000 before April 23rd, the circulating interest in the statement on May 5th will be zero; ② If only the minimum repayment amount is 65,438+000 yuan on April 23rd, the cyclic interest on the statement on May 5th is 65,438+07.85 yuan, and the specific calculation is as follows: 65,438+0,000× 0.05 %× 24 days (from March 30th to April 22nd)+(654,300).