1, credit card interest
Credit cards are loan products of banks. Of course, the credit card limit cannot be used for free forever. The bank will give you an interest-free period. During this period, overdraft credit card consumption has no interest. But if the loan is not paid after this period, you must pay the credit card interest to the bank.
The credit card interest rate of domestic banks is uniform, all of which are five ten thousandths, with compound interest on a monthly basis. Therefore, for credit card users, we must remember their credit card bill date and repayment date, repay in time, and don't be overdue, otherwise high interest charges will be incurred.
2. Credit card default compensation
Credit card penalty, formerly called late payment fee, is an item in administrative fees, but now it has been changed into penalty. However, the charging proportion of this charging item has remained basically unchanged, and it has been charged at 5% of the unpaid amount. If a credit card is overdue, you have to pay not only interest but also liquidated damages.
3. Credit card withdrawal fee
The basic function of credit card is overdraft consumption. Of course, you can also withdraw cash by credit card. Generally, the withdrawal amount is 30%-50% of the total amount, and individual card types can reach 100%.
The higher handling fee for card return is generally 1%-3% of the card return amount. That is to say, if you withdraw 10000 yuan, you need to pay 100-300 yuan. In addition to charges, credit cards also need to pay interest. From the date of cash withdrawal, the daily interest rate will be 0.5 ‰ until it is fully paid off.