How to calculate the interest of China Merchants Credit Card

Credit card interest is generally determined by the way of use. At present, there are three main types of interest collection of China Merchants Credit Card:

1. Cash withdrawal interest: the daily interest is .5%. For example, if you withdraw 3, yuan, the interest will be calculated from the date of withdrawal, so the daily interest is 3,× .5% = 1.5 yuan.

2. Minimum repayment interest: according to the national regulations, the minimum daily repayment interest is .5%. For example, if you spend 3, yuan, the minimum repayment is generally 1%, your minimum repayment is 3,× 1% = 3 yuan, and the minimum repayment is 3 yuan, and the daily interest is (3,-3 )× .5% = .85 yuan.

3. Credit card consumption interest: normal repayment will not charge interest, but if the repayment is overdue, the interest will be calculated from the time when the consumption is recorded, and there will be a late fee, so you must pay off the credit card in time to avoid personal financial pressure.

1. Interest-free period

refers to the period from the bank bookkeeping date to the due repayment date of consumer transactions, during which the cardholder repays all the payables and enjoys interest-free treatment before the due repayment date (inclusive). If the cardholder fails to repay in full in the current period, and the unpaid amount does not exceed 1 yuan RMB or US$ 1, the consumer transaction that can enjoy interest-free treatment will not charge additional interest and liquidated damages.

the maximum period of interest-free repayment is 5 days. unless otherwise agreed between the card issuer and the applicant, the maximum period of interest-free repayment shall not exceed that required by relevant laws and regulations.

2. Revolving credit

Revolving credit is a small unsecured loan with daily interest. Cardholders can decide the repayment amount by themselves according to their financial situation before the current credit card bill expires. When the cardholder's repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current payable amount, the remaining deferred repayment amount is the revolving credit balance.

if you choose to use revolving credit, you will not enjoy the interest-free repayment period in the current period.

3. Revolving interest

In the bills in December and after p>219, the minimum repayment ratio of consumer transactions is adjusted from 1% to 5%.

For example, the cardholder's billing date is the 7th day of each month, and the credit card consumption is RMB 2, on April 1st, and the consumption is recorded on April 2nd. On April 7th, the bill will show that "the amount payable in this period" is RMB 2.

if the cardholder only repays 1 yuan on April 25th, when the repayment is due, the interest to be paid up to that date will be shown on the bill on May 7th, that is, the interest of 2 yuan revolving credit principal for 23 days and the interest of the remaining 19 yuan principal for 13 days after repayment:

2 yuan ×.5%×23 days (April 2nd-April 24th) 19 yuan ×

For example, if the billing date of 1 yuan is swiped on the 1st of this month and the billing date is swiped on the 22nd, then the minimum repayment amount of this month is only 1% of the swiped amount, that is, 1 yuan, and the repayment will be made before the 1th of next month. Assuming that you don't swipe your card, by the billing date on the 22nd of next month, the cyclic interest will be added to the bill, with the amount of (321).5%1=25.5 yuan, and the bill amount will become 925.5 yuan, with the minimum repayment amount of 925.5=115.5 yuan.

9 yuan is 1% of 9, and 25.5 yuan is the revolving interest. If the credit card of China Merchants Bank fails to repay the bill in full on schedule, interest will be charged in full according to the consumption amount from the date of swiping the card, with the interest rate of .5% per day and about 18% for the whole year.

How to calculate the handling fee and interest of China Merchants Bank's credit card withdrawal

Nowadays, credit card consumption is becoming more and more common. Everyone goes out without cash, but there will always be situations where cash is needed. Then, how to calculate the handling fee and interest of China Merchants Bank's credit card withdrawal?

regarding the handling fee and interest of China merchants bank's credit card withdrawal, I'll take you to work it out today.

1. Handling fee for cash withdrawal from China Merchants Bank's credit card

1. Within China: 1% of the cash withdrawal amount is charged for each transaction, and the minimum charge is 1 yuan;

2. Overseas (including Hong Kong, Macao and Taiwan): 3% of the cash withdrawal amount is charged for each transaction, with a minimum charge of 3 yuan or US$ 3 for each transaction, and 5% of the cash withdrawal amount for American Express Platinum and Black Gold Card.

2. Interest on cash withdrawal from China Merchants Bank's credit card

No interest-free repayment will be enjoyed for cash withdrawal. From the trading day, interest will be charged at the daily rate of .5 ‰ until the settlement date, and the compound interest will be calculated on a monthly basis.

For example, on August 1th, 217, Mr. Li withdrew RMB 5, from China Merchants Bank's credit card in Shanghai, and 5 yuan was charged a handling fee. Since August 1th, 217, China Merchants Bank began to charge interest, and Mr. Li paid off all the cash withdrawn on August 2th, 217. At this time, Mr. Li wanted to pay back RMB 5, (principal) 5 (handling fee) 25.

That's all for the handling fee and interest of China Merchants Bank's credit card withdrawal today. I hope the things sorted out will be useful to you. In the credit card column, just click

convenient entrance

to quickly apply for China Merchants Bank credit card!

what are the existing charges for China merchants bank's credit card withdrawal? How to calculate?

Like other banks, China Merchants Bank will charge a certain fee for withdrawing cash. What are these expenses? What is the charging standard?

1. Credit card withdrawal fee of China Merchants Bank

1. Credit card withdrawal fee of China Merchants Bank-domestic withdrawal fee

Domestic RMB cash advance is calculated as 1% of each advance cash amount, and the minimum charge is 1 yuan RMB.

2. Handling fee of China Merchants Bank's credit card withdrawal-handling fee for overseas cash advance

The handling fee for overseas cash advance is calculated at 3% of each cash advance, and the minimum charge is 3 yuan RMB or US$ 3 (including Hong Kong, Macao and Taiwan).

3. The handling fee for withdrawing cash from China Merchants Bank's credit card-the handling fee for recovering overpayment

Is the handling fee the minimum charge for recovering the amount? 5 yuan or $1, our preferential policy, the maximum charge? 5 yuan or $1.

2. Credit card withdrawal interest of China Merchants Bank

1. Credit card withdrawal interest of China Merchants Bank

Advance cash transactions do not enjoy interest-free repayment treatment. From the trading day, interest will be charged at the expected annualized interest rate of .5 ‰ until the settlement date, and compound interest will be calculated on a monthly basis.

2. Interest of China Merchants Bank's credit card revolving credit

Revolving credit is a small, unsecured loan with daily interest. According to your own financial situation, you can decide the amount of repayment at the maturity of the current credit card bill every month. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the repayment amount of the current period, the remaining deferred repayment amount is the revolving credit balance.

revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you can't enjoy the interest-free repayment period in the current period.

interest calculation of revolving credit: each consumption amount of the last statement is the interest-bearing principal, and the interest-bearing days are from the bookkeeping date to the repayment date of the account, and the daily interest rate is five ten thousandths of the expected annualized interest rate.

China Merchants Bank's credit card withdrawal interest

China Merchants Bank's credit card withdrawal will charge interest at the daily interest rate of .5 ‰, with compound interest on a monthly basis. Cash advance business expenses include handling fee and interest, and inter-bank handling fee is not charged for cash advance.

1. Handling fee: the handling fee for domestic RMB cash advance is 1% of each cash advance, and the minimum charge is 1 yuan RMB; The handling fee for overseas cash advance is 3% of each cash advance, and the minimum charge is USD 3 or 3 yuan RMB (the minimum charge for Centurion Black Gold Card, Centurion Black Gold Card (212 Edition) and Centurion Platinum Card is RMB3 yuan or USD5 per transaction).

2. interest: advance cash does not enjoy interest-free repayment. from the day when advance cash is processed to the date of settlement, interest will be charged at the daily rate of .5 ‰, and compound interest will be charged on a monthly basis.

Extended information:

Precautions for cash advance

1. Ensure that the credit card of China Merchants Bank has been opened, the transaction password has been successfully set, and the cash advance function is kept in the enabled state;

2.

overdraft transfer only supports RMB transactions;

3. The account opening certificate of debit card must be the same as that of credit card;

4.

If you choose the online banking, pocket life and mobile banking overdraft transfer services, you can transfer the money to the one-card card of China Merchants Bank or other bank debit cards in your name (currently supported banks are: ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings, China Everbright, CITIC, Xingye, Pudong Development Bank, Shanghai Bank and Ping An Bank debit card accounts, among which Bank of Communications, Pudong Development Bank and Shanghai Bank.

5. If you use the telephone overdraft transfer service, the funds can only be transferred to China Merchants Bank Card in my name.