Credit card consumption interest refers to the interest that cardholders need to pay if they fail to repay the full amount at once before the final payment date after using the credit card.

1. For example, cardholders need to pay a certain amount of overdue repayment interest, apply for a minimum repayment amount when they cannot repay in full, withdraw cash through a credit card, etc. The charging standards of different banks may also be different. .

2. Consumption interest refers to non-cash transactions in which credit card holders do not repay the entire amount payable before the due repayment date (inclusive) and no longer enjoy the interest-free repayment period. Overdraft interest is calculated from the card issuer's accounting date to the repayment date, unless otherwise agreed between the cardholder and the card issuer.

1) "Consumption interest" refers to the interest generated by insufficient payment of bills consumed in the previous period. The consumption interest is 5/10000 per day, which is common to all banks; when using a credit card, customers will see how many days of interest-free period there are. Everbright’s maximum period is 50 days, that is, the customer repays before the repayment date after swiping the card for consumption; if the customer chooses to repay in full, there will be no interest, that is, the customer will enjoy the interest-free period; if the customer does not repay in full, he will not enjoy the interest-free period. During the interest period, penalty interest must be paid in full, that is, from the date you consume to the date you repay, you will be charged 5/10,000 interest every day. This part of the interest is called consumption interest.

2) There will be an interest-free period after credit card consumption. If you repay in full before the due date, there is no interest. The longest interest-free period for most banks is around 50 days. There is no interest for on-time installment repayment, but a certain handling fee will be charged. However, if it is overdue, there will be interest. From the repayment date to the grace period, if the user fails to pay off the current credit card bill in full, interest will be charged on the unpaid portion on a daily basis, which is called credit card consumption interest. It should be noted that the user has not repaid the loan in full, and all consumption in the current period does not enjoy the interest-free period, that is, there is no 1-day interest-free period service. Therefore, to enjoy the interest-free service, users must choose to repay in full, and repaying in full will not incur any other fees.

3) Credit cards only charge interest on withdrawals and overdrafts. Currently, all banks charge handling fees for credit card cash withdrawals, and there is no one-day interest-free period for overdraft cash withdrawals. In this way, cardholders not only have to pay tens of yuan in handling fees, but also pay overdraft interest of 5/10,000 per day. As for the reason for the credit card withdrawal fee, unlike the nature of debit card withdrawal, credit card overdraft is already a "bank loan, and of course the loan has interest."