When Mr. Li used a China Construction Bank credit card, he spent 18,869.36 yuan. Because the balance of the savings card bound to automatic repayment was insufficient, there was still 69.36 yuan left to pay off when the repayment was due. An error occurred after 10 days of overdue payment. 317.43 yuan of interest was paid. After some understanding, Mr. Li discovered that bank credit cards use a "full interest calculation" method to calculate interest! Mr. Li believed this provision was unreasonable and filed a lawsuit against the bank. The case failed in the first instance, and it was not until December 2017 that the court ruled that the bank's regulation was invalid and required the bank to return the overdeducted money.

If the cardholder fails to repay in full on the due date, and does not choose installments, and the unpaid amount is not within the tolerance range (usually 10 yuan), then the cardholder needs to Bear the full interest on the current bill. The interest calculation standard is from the consumption date to the repayment date, and is calculated at an interest rate of 0.05% per day.

It is reported that currently only Industrial and Commercial Bank of China, Agricultural Bank of China and Shanghai Pudong Development Bank adopt the method of calculating interest on the unpaid portion, while the other banks adopt the method of calculating interest on the full amount.

For example: I paid 1,000 yuan on my credit card, and then paid back 500 yuan. I forgot to pay back the remaining 500 yuan when it expired. At this time, it is equivalent to 500 yuan that is overdue. However, when banks calculate overdue interest, they do not calculate it on the basis of 500, but on the basis of 1,000. This is "full interest calculation".

In 2017, a CCTV host sued the relevant banks because of this issue. Other netizens also revealed their experiences of being tricked online:

Don’t worry, there is a solution. .

On June 6, the Supreme People's Court announced the "Regulations on Several Issues Concerning the Trial of Bank Card Civil Dispute Cases (Draft for Comments)", which intends to regulate credit card overdrafts, counterfeit card transactions, online fraud, etc. The trial of dispute cases has been standardized, and the two plans given for credit card overdraft interest have conditions to support "payment of overdraft interest based on the outstanding amount." Under the current full interest calculation policy, if you use your credit card to make purchases this month 10,000 yuan, but failed to repay the full amount within the repayment period, and instead repaid 7,000 yuan, but when the bank charges interest on the debt, it will still be calculated as 10,000 yuan.

Two new implementation plans are provided for the full interest accrual of credit card overdrafts:

Option 1: The cardholder chooses the minimum repayment method to repay the credit card overdraft and has repaid the minimum amount. The People's Court shall support the claim that the overdraft interest from the accounting date to the repayment date shall be calculated based on the outstanding overdraft amount.

Option 2: The card issuing bank did not fulfill the reasonable terms of "repaying the credit card overdraft according to the minimum repayment amount, and charging overdraft interest from the accounting date to the repayment date based on the entire overdraft amount" If the cardholder claims that the overdraft interest should be calculated based on the outstanding overdraft amount, the people's court should support it; although the card issuer has fulfilled its reasonable obligation of reminder and explanation, but the cardholder has repaid the entire overdraft amount of 90, the people's court should support it. If the cardholder claims that the overdraft interest shall be calculated based on the outstanding amount, the People's Court shall support it.

1. After the credit card bill is issued and before the repayment date, choose to repay in installments. The number of installments can be selected by yourself based on the number of installments provided by the card issuer. The cardholder shall bear the corresponding handling fees.

2. Repay the full amount on the due date. If you do not have the financial ability, you can find relatives and friends to help you, or you can choose reliable repayment software.