Credit card interest refund refers to the refund of interest. For example, the user's credit card accrued additional interest due to overdue payment, and the user repaid the principal and interest when repaying the loan, but the user does not want to pay this part of the interest afterwards. , or if you encounter a problem, apply to the bank for an interest refund, which means returning the interest that has been paid back.

Another situation is that during the epidemic, many cardholders’ willingness to repay has declined, leading to an increase in credit card overdue rates. In order to increase users’ willingness to repay, many banks would rather use interest-free incentives. User repayment means that as long as the payment is made, the fees incurred except the principal can be refunded to the cardholder.

Credit card interest refunds are not clearly marked in the regulations of major banks. In other words, whether this operation can be successful depends entirely on the bank’s final decision. Judging from the bank’s income from credit cards, if Unless the cardholder encounters major financial difficulties, it is impossible to apply successfully.

Extended information:

How to refund credit card interest:

If the credit card is overdue, the bank will charge corresponding penalty interest. This penalty interest is generally not refundable.

However, if the cardholder’s credit card is overdue for a reason, such as being hospitalized unexpectedly during the repayment period, the cardholder will be unable to repay the loan. In this case, the cardholder can call the bank and explain the specific situation to the staff, and then provide supporting documents. The bank will review it and may refund the penalty interest.

Everyone needs to pay attention to the fact that there are a lot of advertisements on the market that can help recover penalty interest to organizations as long as they provide a certain service fee. As for these organizations, it is better for everyone to be careful. After all, it is easy to encounter scammers. If you really want to recover the penalty interest, you should still call the bank’s customer service number in person to negotiate.

In fact, if you don’t want to be charged penalty interest by the bank, cardholders should maintain good personal credit, avoid bad behavior when using the card, and repay on time to prevent overdue payments. This is the best way. .

Credit card interest:

After swiping a credit card for consumption, as long as the customer can pay off the bill in full within the specified repayment period, interest will not accrue and the customer can enjoy Interest-free period.

Of course, if the bill is not repaid in full, recurring interest will naturally accrue. First, the transaction will be charged at a daily interest rate of 0.5% from the day it is entered into the account, and will be calculated until the repayment. day; secondly, interest will be charged on the remaining unpaid portion after the repayment date at a daily interest rate of 0.5% until the customer pays off the balance.

If the customer does not want to pay interest, he must pay the bill in full and on time after it comes out. The interest-free period of a credit card is generally around 20 to 50 days, and the longest can be up to 56 days.

However, if in addition to new consumption, the bill also contains unpaid portions of previous bills, you will not be able to enjoy the interest-free period and interest will still accrue. You also need to note that if the credit card bill is divided into installments, installment handling fees will be incurred (the longer the installment, the higher the handling fee).