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If you withdraw cash with Ping An Bank’s credit card, the cash withdrawal interest is based on the amount of cash withdrawn and Calculated over time, interest will be charged at 50,000% of the cash withdrawal amount every day since the cash withdrawal, and compound interest will be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 cash withdrawal fee of RMB 2.5, and a minimum of RMB 25 per transaction is charged;
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 is US$5 per transaction;
3. After withdrawing cash, you will also need to pay daily interest charged at the daily interest rate of 5/10,000.
Don’t be confused about how to calculate the installment interest of Ping An Bank’s credit card.
How to calculate the installment interest of Ping An Bank’s credit card? Credit card interest calculation has always been a headache for many friends. So, how much do you know about Ping An Bank’s credit card installment interest? If you don’t understand it yet, you can come in and have a look with Xiaocai to understand.
How to calculate the installment interest of Ping An Bank credit card? Ping An Bank Credit Card Installment Interest Rate
The rates and interests for Ping An Bank credit card holders who apply for bill installments vary according to the number of installments. Assume that the total amount of your August bill is 10,000 yuan, and the minimum repayment is The amount is 500 yuan. You only need to repay 500 yuan for the August bill, and you can apply for installment payment of the remaining 9,500 yuan. The installment amount will not begin until the September bill;
Take 12 installments as an example. The amount to be repaid in each installment (852.46) = the total amount of installments (9500) / the number of installments (12) (the remainder will be recorded in the amount to be repaid in the first installment) the total amount of installments (9500) and the handling rate of each installment (0.64); details can be found Call Ping An Bank Customer Service Center.
How to calculate the installment interest of Ping An Bank credit card? Ping An Bank Credit Card Installment Fees:
Ping An Bank Credit Card Installment Payment 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 amount The handling fee for each payment installment.
Applying for installment payment with Ping An Bank credit card:
1. Application amount: The single spending amount is not allowed to be less than 500 yuan, and the maximum is not allowed to exceed 50,000 yuan.
2. Application time: from the next day after the card is swiped to two working days before the most recent bill date.
3. Application method:
(1). Call Ping An Bank user service hotline: 95511-2 to apply for installment payment;
(2), Log in to the Ping An One Account website and click on the "Credit Card" channel to apply for installment payment;
(3) Log in to Ping An Bank's credit card online banking and apply for installment payment for a single payment.
How does Ping An Bank’s credit card calculate interest?
If credit card consumption is repaid in full and on time according to the bill, the consumption will not incur fees; if the credit card bill is not repaid in full and on time, interest will accrue: interest is calculated one by one according to each consumption in the bill. The interest is generally calculated at 0.05 per day from the second day of card consumption until the transaction is repaid. For example, if it is 10,000 yuan, the daily interest is 5 yuan. It is recommended that you log in to the Ping An Pocket Bank APP-Credit Card-My Bill page Check the details of arrears.
If you need to inquire about Ping An Bank's credit card business, you can click the link below and select the online customer service icon - credit card in the upper right corner of the homepage or follow Ping An Credit Card's WeChat public account (paxyk95511) for consultation.
Response time: 2020-08-25. For the latest business changes, please refer to the official website of Ping An Bank.
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What is the interest rate of Ping An Credit Card? Calculate
Normally, if the cardholder repays the card for normal consumption, he or she does not need to pay interest. It is only required under special circumstances.
The situation is as follows: If you have not repaid in full, for example, you spent 10,000 yuan and only returned 9,900 yuan before the final repayment date, then you need to pay interest on the entire consumption of 10,000 yuan. The interest is calculated. The time is calculated from the recording date of the consumption. Interest is required for using a credit card to advance cash, and interest is calculated from the day the cash advance is borrowed. After using a Ping An Bank credit card for consumption, the payment was overdue.
The interest rate for Ping An Bank’s credit card is 0.5% per day, and compound interest is calculated on a monthly basis. The charging standard for Ping An Bank's credit card cash advance fees does not distinguish between local and remote locations, but only domestic and overseas: domestic 2.5, with a minimum of RMB 25 per transaction; overseas 3, with a minimum of USD 3 per transaction. In addition, interest on Ping An Bank's credit card cash advances starts from the day the cash advance is borrowed. The charging standard is a daily interest rate of 0.05%, and compound interest is calculated on a monthly basis.
Ping An Bank Credit Card is the first credit business launched after the merger of Shenzhen Commercial Bank and Ping An Bank and was renamed Shenzhen Ping An Bank. In addition to the basic functions of credit cards such as credit consumption and cash advance, it also has Many special functions provide cardholders with comprehensive security protection covering "safety in consumption, safety at home, and safety in travel". Ping An Bank Credit Card Center was established in 2000 and settled in Qianhai, Shenzhen in 2015. It was upgraded to a credit card franchise with secondary legal person qualifications and relatively independent operation. As of November 2018, the number of cards in circulation has exceeded 50 million. Ping An Bank is one of the main business departments of Ping An Group of China and an important part of the comprehensive financial service platform of Ping An Group of China. As a joint-stock commercial bank operating across regions, Ping An Bank has a registered capital of RMB 5.461 billion and total assets of more than RMB 130 billion. Its head office is located in Shenzhen, and its business outlets are currently located in Shenzhen, Shanghai, Fuzhou, Quanzhou, Xiamen and Hangzhou. .
Application conditions: Any natural person who is over 18 years old, has full capacity for civil conduct, has a stable and legal source of income, and has a good reputation can apply to the bank with his or her valid identity document and other documents required by the card issuer. The card issuer applies for the main credit card personal card. The primary cardholder of a personal card can apply for supplementary cards for other qualified natural persons. The principal cardholder is fully responsible for repaying the debts incurred under the principal card and supplementary cards.
Supplementary cardholders are jointly and severally liable for the debts incurred under the principal card and supplementary cards.
Ping An Bank’s credit card cash withdrawal fees and interest
1. Ping An Bank’s credit card cash withdrawal interest:
Ping An Bank’s credit card cash withdrawal interest is calculated based on the amount and time of cash withdrawal , cash withdrawal interest will be charged daily at a daily interest rate of 5/10,000 from the time the withdrawal amount and cash withdrawal handling fee are incurred, and compound interest will be charged monthly until the cash withdrawal amount is paid off in full. Assume that the cardholder uses a credit card to withdraw 10,000 yuan in cash and repays it after 7 days, then the cash withdrawal interest = 100,000.057 = 35 yuan.
2. Ping An Bank's credit card cash withdrawal handling fee:
Ping An Bank's credit card cash withdrawal requires a handling fee based on a certain proportion of the withdrawal amount, which will be incurred on the day after the cash advance transaction date. Domestic cash withdrawals are charged a handling fee of 2.5% of the cash withdrawal amount, with a minimum of RMB 25 per transaction; overseas cash withdrawals are charged a handling fee of 3% of the cash withdrawal amount, with a minimum of USD 3.00 per transaction.
Extended information:
How to withdraw cash with Ping An Bank credit card
1. Withdraw cash from ATMs:
1. Within the country, you can Use the ATMs of Ping An Bank or other banks with the UnionPay logo to withdraw RMB cash with your credit card and transaction password;
2. Overseas, you can withdraw RMB cash from ATMs with the same logo as the card (UnionPay, VISA, MasterCard or JCB) ATM machine, you can withdraw local currency with your credit card and transaction password.
2. Withdraw cash at bank counters:
1. In China, you can withdraw RMB cash at the counter of any Ping An Bank branch with your credit card and transaction password;
2. Overseas, you can withdraw local currency with a valid ID and credit card at a bank counter with the same logo as the card (UnionPay, VISA, MasterCard or JCB).