What fee is 60 cents deducted every month by CCB credit card?
60 cents is deducted every month? This is definitely not a fee. How can there be a 60 cents fee? This is your cash withdrawal or Spend the interest on the unpaid repayment
I don’t know if the poster has the following two situations:
1. Overdraft withdrawal, the daily interest is 0.05%, and the handling fee It’s five thousandths, with a minimum of 2 yuan and a maximum of 50 yuan.
2. If the consumption in the monthly credit card bill is not repaid in full before the final repayment date, your consumption in the current period will not be interest-free. Each consumption will start from the day of your consumption. Interest will start to be charged at 0.05% per day, compounded monthly, until you repay the loan in full.
What happened to a credit card overdraft of 60 cents and a debt of nearly 10,000 yuan after 6 years?
Recently, Tianning District, Changzhou City mediated a special credit card case. According to reports, in March 2007, Mr. Yu studied at a university in Changzhou and applied for a credit card through the school. On April 14, 2009, Mr. Yu overdrafted 6 cents using his credit card for the last time. After graduation, Mr. Yu went to work elsewhere. Because he changed his mobile phone number, he never received a reminder notice from the bank.
Many years later, when Mr. Yu wanted to get a loan to buy a house, he found that he had been blacklisted by the People's Bank of China. After inquiries, we learned that the credit card owed 6 cents. As of April 1, 2015, overdue interest had accrued 1,561.72 yuan, late payment fees 7,547.94 yuan, over-limit fees 7.03 yuan, annual fees 150 yuan, and consumption overdrafts 0.6 yuan. The total amount is 9267.2 yuan.
In this regard, Mr. Yu believed that the credit card was processed at the school, and the relevant procedures were not signed by him, and the bank did not fulfill its notification obligation in a timely manner, so he went to Tianning and asked the bank to stop the infringement according to law. , cancel its bad record in the credit reporting system of the People's Bank of China, eliminate the impact and apologize.
It is understood that the case was mediated by the people of Tianning District, Changzhou City many times. In the end, both parties agreed that Mr. Yu should pay various fees to the bank totaling 500 yuan, and the bank assisted Mr. Yu in canceling his business in China. Bad records in the People’s Bank of China’s credit reporting system.
Through such things, everyone should be more vigilant. Credit cards have become a common way of consumption in daily life, but careless use can cause a lot of inconveniences. At the same time, the general public is reminded to apply for credit cards through formal channels and be aware of credit card terms. Repay the credit card overdraft limit on time. Once it is overdue, the interest and penalty interest incurred are often huge, even several times higher than the principal; do not use credit cards to overdraft maliciously, otherwise it will violate the criminal law and constitute a crime. In addition, once the use of a credit card is stopped, cancellation procedures should be completed in time, otherwise annual fees, etc. will continue to be incurred, which will lead to the creation of bad records in the personal credit system.
Are the interest rates for late repayments of credit cards the same across banks? What to do if you are overdue?
Overdue credit card repayments must be calculated with interest. Everyone knows this, but we don’t know how this interest is calculated. A man failed to pay 6 cents on his credit card. As soon as the news came to light that the debt was nearly 10,000 yuan after 6 years of repayment, it sparked discussions among netizens. Overdue credit card payments are like a snowball, and the interest is compounded. It actually costs so much money, and even 1 cent is not paid back1 It will also become several hundred yuan after the year. How is the interest on overdue credit card payments calculated? Why so much money? Who is responsible for this?
Related Hotspots
A credit card overdraft of 60 cents was found to be on the blacklist after 6 years of overdrafting nearly 10,000 yuan
1. Overdue interest rates on credit cards from various banks There are differences in calculations
Due to the differences in the penalty interest systems of various commercial banks, the penalty interest for the same amount of debt may vary ten thousand times according to different rules. Take a credit card overdraft of 10,000 yuan as an example. If you only repay 9,999 yuan, there is still 1 yuan left. If the "full penalty interest" is implemented, the overdue interest will still be calculated based on 50,000 yuan, so the interest paid per day is 5 yuan; if it is calculated based on the unpaid portion only, the interest per day is only 10,000 yuan. The difference is ten thousand times.
It is important to note that the principal for interest calculation is the total consumption amount of the month, and the interest calculation time is: interest calculation starts from the day of consumption! Interest is not calculated based on the number of overdue days as many cardholders imagine. In addition, because the cardholder does not repay on time, the bank will also charge late payment fees. The proportion of late payment fees is higher: 5% of the total amount, and it is charged once a month.
As for the collection of late payment fees for credit cards, the central bank has long had unified regulations, which are 5% of the unpaid portion of the minimum repayment amount. A legal source revealed that according to relevant regulations, in principle, the total amount of late payment fees cannot exceed 30% of the principal. However, some banks ignore this provision and exclude themselves from the "principle". Not only that, various credit card charges are also calculated based on compound interest. If the cardholder fails to repay in time, the interest, late payment fees, over-limit fees, etc. will be calculated progressively on the principal next month, and so on. This is a Plant "the donkey rolls, the profit rolls".
3. What should you do if your credit card repayment is overdue?
In fact, if the number of overdue days is not many, you can apply for corresponding fee reductions through some tips. This tip is to use the bank's Credit Card Grace Period Policy. If the number of days you are overdue is not too many (for example, one or two days overdue), you can call the bank and it will generally be exempted.
"Penalty interest" is daunting, so credit card users must accurately remember the due date of their credit card repayment. In addition to receiving paper bill repayment reminders mailed by the bank, it is best to go to the bank again Enable mobile phone text message repayment reminders and email repayment reminders. After swiping the card, repay the outstanding amount in a timely, on-schedule and full amount to avoid overdue repayment. For foreign currency debts incurred by credit card swiping, it is best to call the bank the day after the repayment to confirm that the full amount has been repaid to avoid late payment fees due to exchange rate differences.
Relevant departments cannot just remind consumers to be cautious about overdrafting when using credit cards, but must not maliciously overdraft. It is also necessary to standardize the collection of various credit card fees. For example, the bank interest calculation method should be clearly disclosed, and the compound interest calculation method of "rolling as a donkey and compounding interest" (which is actually a method) is prohibited. It is also necessary to deal with problems such as banks' excessive issuance of credit cards, excessive granting of overdraft limits, and ignoring illegal cash withdrawals to avoid laying down various hidden dangers.
That’s it for the introduction of the 6 cent credit card.