How to calculate the interest of Ping An Bank’s credit card?

Ping An’s credit card interest:

1. Cash withdrawal interest: If you withdraw cash with Ping An Bank’s credit card, the cash withdrawal interest is based on the amount of cash withdrawn and Calculated over time, interest will be charged at 50,000% of the cash withdrawal amount every day since the cash withdrawal, and compound interest will be calculated monthly until all is paid off.

For example, if you withdraw 1,000 yuan in cash and repay it after 10 days, the interest will be: 1,000×0.05%×10=5 yuan.

2. Installment interest: If you apply for installment payment or installment repayment business for your Ping An Credit Card, then the installment interest will be based on your installment number, installment amount, and installment rate. to calculate. The rates are also different depending on the number of installments. Ping An Credit Card can be divided into 3, 6, 12, 18 and 24 installments, and the corresponding installment rates for each installment are 0.85%, 0.80%, 0.75%, 0.75% and 0.72% respectively. For example, if you apply for the installment repayment business for your Ping An Credit Card in 3 installments, and the installment amount is 1,000 yuan, then the interest will be: 1,000 × 0.85% × 3 = 25.5 yuan.

3. Repayment interest: When repaying a Ping An credit card, in addition to installment repayment, it means full repayment and minimum repayment. No interest will be charged for full repayment. Interest will be calculated on the minimum repayment from the accounting date. Interest will be calculated at a daily interest rate of 0.05% every day, and compound interest will be calculated monthly until all is paid off.

However, it should be noted that the minimum repayment interest is calculated in stages. From the accounting date to the repayment date, the interest is calculated based on the entire principal, and the due repayment date During the period until it is fully paid off, interest will be calculated based on the unpaid amount.

Ping An Credit Card can be used to withdraw cash, but cash withdrawals require payment of handling fees and interest, among which:

1. When withdrawing cash from domestic ATMs with the UnionPay logo, Ping An Credit Card needs to be charged for each transaction There is a 2.5% cash withdrawal fee, with a minimum charge of 25 yuan/transaction;

2. When using Ping An Credit Card to withdraw cash overseas through MasterCard, JCB, or Visa, a cash withdrawal fee is required for each transaction. The minimum charge for a transaction is US$5 per transaction;

3. After withdrawing cash, you will also need to pay daily interest charged at a daily interest rate of 0.05%.

How to calculate the interest on installment payment of Ping An Credit Card?

Ping An Credit Card provides bill installments and single consumption. The installment fee is fixed and no interest is generated.

Time to apply for bill installment: The deadline for bill installment application starts from the day after the bill is issued, and can be applied until the 1st of the due payment date. For example: the customer issues the bill on the 5th of each month, that is, from the 6th to the 24th. Can apply.

The application time for installment payment for a single transaction: from the day the card is swiped to the date of the latest bill. For example: the customer's bill date is the 5th and the consumption is the 23rd, that is, the application can be made from the 23rd to the 5th of the following month.

The installment fee is charged as follows:

The number of bill installments and the fee rate are as follows:

Extended information:

Ping An Credit Card Installment repayment, handling fee: 0.85% for 3 installments; 0.8% for 6 installments; 0.75% for 12 installments; 0.75% for 18 installments; 0.72% for 24 installments; handling fee = installment principal and handling rate for each installment.

1. Application amount: The single consumption amount shall not be less than 500 yuan, and the maximum shall not exceed 50,000 yuan.

2. Application time: You can apply from the day of consumption to the day of the current bill (inclusive). For example: Suppose your bill date is the 25th of each month and your consumption date is June 10, then the application time is from June 10 to June 25.