CITIC Credit Card’s Interests and Fees CITIC Credit Card is a credit card that allows you to borrow money, that is, it has the “Xinjinbao” large-amount installment business. However, when the CITIC Credit Card holder chooses the lowest or If the repayment amount is partial or exceeds the credit limit approved by the card issuing bank, you will no longer enjoy the interest-free repayment period. The bank will charge a late payment fee of 5% of the unpaid portion of the minimum repayment amount and 5% of the portion exceeding the credit limit. There are over-limit fees and high interest rates.
How to calculate the interest on CITIC Gold Card? Major banks stipulate that credit card overdraft interest will be charged at 50,000% of the daily interest rate from the date of recording, and compound interest will be calculated on a monthly basis. CITIC Bank Credit Card interest also follows this charging standard: If cardholder Xiaobai’s statement date is the 3rd of each month and the final repayment date is the 22nd, if he consumes 5,000 yuan on March 20, he will pay 5,000 yuan on April 22. If you repay 500 yuan on the same day, the interest accrued on the bill on May 3 is: First month: 5000*from May 20 to May 3)-500*from May 22 to May 3) =yuan. If you repay 500 on the 22nd every month from May 4th, then the interest will be: Credit card interest is not only calculated in full, but also compounded on a monthly basis. The bigger you get, the more you know you can't afford it.