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Isn’t credit card interest rate 6 to 7 cents high?

Not too high. The interest rate of 6% is not high. Currently, the annual interest rate of one-year bank loan is 4.35%, and the interest rate of 4 times is 17.4%, which is 1 cent and 7%.

Overdraft interest refers to the interest generated after using the overdraft limit of a credit card. When users use a credit card, the credit card usually provides a certain overdraft limit. The personal loan from rural credit cooperatives is 1 cent, the three-household joint guarantee of China Construction Bank and Agricultural Bank of China is 50,000 per family, the agricultural loan is 5 cents, and the postal savings corporate loan is 7 cents. Is the interest rate of 7% high? Is the interest rate of 7% high? The interest rate of 7% is still relatively high. Nowadays, the average loan interest is only two or three percent. Therefore, the interest rate of 6% is not high.