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How to calculate the interest rate of 0.05% on credit card cash withdrawals

Faint, 56 days, it is estimated that you will have to go through two billing periods, and the interest will be rolled over twice.

It depends on how many days after you withdraw the cash, your billing period will be . Credit cards have an account period. For example, if you withdraw cash on the 20th, the account period is the 25th.

The first month’s interest = 2,000 yuan * 0.0005 * 5 days = 5 yuan

< p>Second month interest = (2,000 yuan + 5 yuan) * 0.0005 * 30 days = 30.08 yuan

Third month interest = (2,000 yuan + 5 yuan + 30.8 yuan) * 0.0005 *21 days = 21.38 yuan

Just follow my calculation above. You can substitute the actual number of days into the calculation. In addition, general bank credit cards require handling fees for cash withdrawals, ranging from a few yuan to tens of yuan, and each bank has different fees.