1. Credit card installment repayment interest In fact, banks do not charge interest for credit card installment repayment, but the handling fee cannot be less, which means that the handling fee is also a disguised form of interest. Different banks have different installment fee rates. Take the ICBC credit card as an example to see how this "interest" is calculated. The ICBC credit card installment fee is collected in a one-time manner, and the rates for different periods are as follows: 3-period handling fee, period-based handling fee, period-based handling fee, period-based handling fee, period-based handling fee, period-based handling fee, assuming that the cardholder is a novice, The installment amount applied to ICBC is 2,000 yuan, and the number of installments is 6. Then the handling fee that Xiaobai needs to bear is: 2,000* yuan.
2. Repayment of the Minimum Repayment Amount of a Credit Card The minimum repayment amount of a credit card of each bank is generally 10% of the bill amount. Once you choose to repay with the minimum amount, the cardholder will no longer enjoy the interest-free treatment of the credit card. All consumption amounts in the bill will be charged an interest of 0.05% on a daily basis from the date the card is swiped. Note that interest accrues from the day the card is swiped, not the final repayment date. The daily interest of 0.05% is converted into an annual interest rate of almost 18, which is a large fee. Therefore, it is recommended that all cardholders repay the loan in full as soon as possible to avoid unnecessary expenses.
3. Summary of credit card overdue repayment interest: How to calculate credit card repayment interest? The above three different situations have different calculations. Among them, overdue credit card not only needs to bear interest, but also affects credit reporting. According to credit card installment Repayments and minimum repayments will not affect personal credit.