Revolving credit: A revolving credit is a small, unsecured loan with daily interest. You can determine the repayment amount by yourself every month before the current credit card bill is due based on your financial situation. If you repay the minimum payment that is the same as or higher than the current bill, but less than the current period's accounts payable, the remaining deferred payment amount is the revolving credit balance.

Revolving credit is a very convenient loan tool. It not only allows you to enjoy the convenience of credit card swiping, but is also a good choice for easy financial management. If you choose to use revolving credit, you will not be able to enjoy the interest-free repayment period during the current period.

Calculate the interest on revolving credit:

Each amount of consumption in the previous period's bill is the interest-bearing principal, from the date the account is recorded to the date the account is paid off The number of days for interest accrual, 5/10,000 is the interest accrual rate. Interest on the revolving credit will be listed on your next bill.