Payment by credit card in daily life usually has an interest-free account period of 20-50 days. If full repayment is made within the interest-free account period, that is, before the repayment date, no interest will be generated.
For example, on June 6, 65438, you spent three times, a sum of 3000, a sum of 4500 and a sum of 2500. At sunrise, your bill will show that you owe 10000 yuan. As long as it is paid off in full before the repayment date, no interest will be generated.
However, if the following four situations occur, a certain fee will be charged.
I. Cash withdrawal interest
That is to say, direct withdrawal from ATM or withdrawal from mobile banking to savings card will generally generate two kinds of fees, one is interest and the other is handling fee. The interest of major banks is basically five ten thousandths of a day, and the handling fee varies from bank to bank, which is generally 1%-3%.
For example, if you withdraw 10000 yuan from an ATM for 30 days, how much will it cost?
Interest =5 yuan X 30 days = 150 yuan.
Handling fee = 10000x3%=300 yuan.
Total = 150+300 yuan =450 yuan.
That is to say, 10000 RMB will cost 450 yuan in 30 days, which is already 4.5% of the monthly interest rate, which is very high. Try not to use it!
Second, the penalty interest generated after overdue.
If you fail to repay the loan on time and it is overdue, the bank will charge interest from the day you spend it, usually 15 thousand per day, calculated with compound interest until it is paid off in full.
For example, if you spend RMB 1 year1October, the billing date is 65438+1October 15, and the repayment date is February 3, but it will not be repaid until February of 13.
Then your penalty interest is 10000 * 0.05%+10000 =10215 yuan, which is actually a 43-day account period, but if it is delayed by10 days, you have to pay 2/kloc-more.