How is interest calculated for CCB credit cards?

1. CCB credit card installment repayment interest rate

For single purchases of more than 1,000 yuan with CCB credit card, you can apply for consumption installments, and you can apply for 3, 6, or 12 installments. The handling fees are respectively 0.7% 0.6% 0.6% no interest.

2. Interest on CCB credit card cash withdrawals

In addition to handling fees, CCB credit card overdraft withdrawals must also pay interest, and do not enjoy interest-free treatment. Cash interest will be charged from the date your overdraft withdrawal is entered into your account, with a daily interest rate of 0.05% and compound interest calculated monthly.

3. How to calculate the interest of China Construction Bank credit card?

If you do not repay the amount on the bill in full before the last payment date (inclusive), then you All consumption on the current bill will no longer enjoy the interest-free period. From the day of consumption, interest of 0.05% will be accrued on each consumption every day. Therefore, the specific amount of interest accrued in China Construction Bank must be calculated based on your consumption date.

For example: If the bill date is the 5th and the repayment date is the 24th, you consume 3,000 yuan on the 1st, 1,000 yuan on the 4th, and repay 400 yuan on the 24th, the calculation is as follows: 3000X0 .05% Charge interest at 0.05%).

CCB Credit Card is a credit card issued by China Construction Bank. All credit cards issued by China Construction Bank are named "Dragon Card", and the types include: Dragon Card Prestigious School Card, Dragon Card Business Card, Dragon Card Car Card, etc.

China Construction Bank Credit Card Baidu Encyclopedia

How to calculate the interest on repayment of China Construction Bank Credit Card?

If a CCB credit card holder fails to repay the entire repayment amount before the repayment due date (inclusive), he or she may repay any amount not less than the minimum repayment amount, but The consumption transaction amount in the loan no longer enjoys the interest-free repayment period. Cardholders do not enjoy the interest-free repayment period for cash advance transactions. For cardholders' transactions that do not meet the interest-free conditions, CCB will calculate interest starting from the bank accounting date and collect compound interest on a monthly basis. If not specified otherwise, the daily interest rate standard defaults to 5/10,000. If there is any adjustment, the upper limit of the daily interest rate is 5/10,000 and the lower limit is 0.7 times of 5/10,000 (approximately converted annual interest rate upper limit is 18.25% and the lower limit is 18.25%. 0.7 times of 18.25% is 12.775%. The conversion formula is calculated as annualized interest rate = daily interest rate 365). If the relevant regulations of the People's Bank of China change, the regulations will be followed. Please refer to the bill for actual interest.

(In case of business changes, please refer to the actual situation.)

How is the interest of CCB credit card calculated?

If the CCB credit card is repaid before the repayment date, There is no interest. If the amount on the bill is not repaid in full before the final repayment date (inclusive), then interest of 0.05% will be accrued on each purchase every day starting from the day of consumption. Therefore, the specific amount of interest generated by China Construction Bank must be calculated based on the consumption date.

The repayment amount of the current period in the CCB credit card statement:

Also known as the repayment amount of the current period's bill, it refers to the amount of each transaction between the last period's statement date and the current period's statement date. and the total of fees receivable, including the user’s overdue amount in the previous period

The minimum repayment amount in this period:

Refers to the cardholder’s payment before the due date (inclusive) If you have difficulty repaying all the payables, you can repay according to the minimum repayment amount stipulated by the card issuer, but you cannot enjoy the interest-free repayment period. The minimum repayment amount is 10% of the consumption amount plus other various payables. The minimum payment is listed on the current bill.

Minimum repayment amount = 10% of the consumption amount within the credit limit 100% of the cash advance transaction amount 100% of the unpaid portion of the minimum repayment amount in the previous period 100% of the fees and interest for the consumption amount exceeding the credit limit 100%

How to calculate interest if CCB credit card only pays the minimum repayment amount

If you repay according to the minimum repayment amount listed on the CCB credit card statement, your credit record will not be affected As a result, the current statement will not enjoy the interest-free repayment period. Overdraft interest will be accrued on all transaction amounts on the statement from the recording date of each transaction to the repayment date, and compound interest will be accrued on a monthly basis.

Unless otherwise specified, the CCB interest rate base is 5/10,000 per day. If there is any adjustment, the upper limit of the daily interest rate is 5/10,000 and the lower limit is 0.7 times of 5/10,000 (approximately converted annualized interest rate upper limit is 18.25% and the lower limit is 18.25%. It is 0.7 times of 18.25%, which is 12.775%. The conversion formula is calculated as annualized interest rate = daily interest rate 365). If the relevant regulations of the People's Bank of China change, the regulations will be followed. Please refer to the bill for actual interest.

(In case of business changes, please refer to the actual situation.)

How to calculate the minimum repayment interest of CCB credit card?

Repayment of the minimum repayment amount of CCB credit card refers to paying off the "minimum repayment amount" listed on the current bill before the specified repayment due date. In this case, the customer will not be affected. Personal credit, but the current statement cannot enjoy the interest-free repayment treatment. All transaction amounts on the current statement will be charged overdraft interest from the recording date of each transaction to the repayment date. The upper limit of the daily interest rate is 5/10,000, and the lower limit is 0.7 times of 5/10,000 (approximately converted annual interest rate upper limit is 18.25%, and the lower limit is 0.7 times of 18.25%, which is 12.775%. The conversion formula is calculated as annual interest rate = daily interest rate 365 ), and earn compound interest on a monthly basis. If there is no special notice, the daily interest rate standard defaults to 0.5%. CCB has the right to adjust credit card interest rate standards in accordance with the interest rate policies of the People's Bank of China and notify customers. The minimum repayment amount is calculated separately for RMB accounts and accounts.

(In case of business changes, please refer to the actual situation.)

This is the introduction of how to calculate CCB credit card repayment interest.