At present, the credit card interest of banks generally bears interest on a daily basis, with a daily interest rate of 0.05% and monthly compound interest. Take 10000 credit card consumption as an example. If 1 year is paid off and the daily interest rate is 0.05%, then the calculated annual interest is 1 1985.65 (including compound interest) and the net interest is 1985.65 yuan. In other words, the annual interest rate of bank credit cards is 19.86%.

credit card

Credit card refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. Credit card is a non-cash transaction payment method and a simple credit service; Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits. Credit card refers to the credit payment tools issued by commercial banks in People's Republic of China (PRC) (including foreign banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and units.

legal ground

Measures for the Administration of Credit Card Business Article 3 The term "credit card" as mentioned in these Measures refers to the credit payment instruments issued by commercial banks in People's Republic of China (PRC) (including foreign banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and units. Credit card has the functions of transfer settlement, cash deposit and withdrawal, consumer credit and so on.

Credit card processing:

All banks have the same basic requirements for handling credit cards. They must be at least 18 years old, have stable work income and good credit. Of course, it would be better if they had certain assets.

Summarized the card handling methods of the following banking channels:

First, to apply for a card through a bank outlet, you should bring your ID card and proof of work income (usually including: work permit, employment permit, salary card (preferably more than 3 months), tax bill, social security bill, provident fund bill for the last 3 months, etc. None of these are necessary, if you have any). If you can attach some financial certificates, such as real estate, automobile production, bank time deposit certificate, financial management, etc.

Secondly, some banks can apply for cards through online channels (I use CCB, and it is much more convenient to apply for cards on his website than at other outlets, mainly because he has many outlets, convenient repayment, and a lot of activities recently, which is easy to use). it wont hurt you to try it