You owe the principal.
1, credit card installment payment has no interest, but it will generate a handling fee, which is not low. Most banks' installment fees are calculated according to the total installment amount rather than the remaining principal, so when you see lower fees, don't subconsciously feel cheap. The actual interest rate of installment payment is about twice that announced by the bank.
1. Credit card, also known as credit card, is a credit certificate issued by commercial banks or credit card companies to qualified consumers. The form is a card with issuer's name, expiration date, number and cardholder's name printed on the front and magnetic stripe and signature strip printed on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, banks settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
2. The credit card stipulated by relevant laws in China (Interpretation of the NPC Standing Committee on Credit Card Terms in the Criminal Law of People's Republic of China (PRC)) refers to an electronic payment card issued by commercial banks or other financial institutions, which has all or part of the functions of cash deposit and withdrawal, credit loan, transfer settlement, etc. [1-2]. 20 17 12 1, the English translation and writing standard for public service was formally implemented, and the standard English name of credit card was defined as credit card.
3. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash during the consumption period, and repayment will be made on the account date. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay; Quasi-credit card means that the cardholder deposits a certain amount of reserve fund as required. When the balance of the reserve account is insufficient to pay, the quasi-credit card can be overdrawn within the prescribed credit limit. The credit card usually only refers to the credit card.
4. China's credit card market is still one of the fastest growing product lines in China's personal financial services market. Although the economic benefits of this industry are full of challenges driven by economies of scale and the growth of consumption expenditure, the credit card circulation in China will increase year by year in the next 10 year. The speed will remain around 14%, and the profitability will tend to improve. It is estimated that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.
How to calculate the credit card bill?
The number of consumption is calculated by pen; That is, the customer's consumption amount is greater than 1000 yuan, and 10% can be used as the minimum repayment amount without setting. The late payment fee is calculated according to the total overdue amount of the customer. At present, only ICBC calculates the late payment fee according to the remaining amount of the credit card. This is calculated according to the day after the bill date expires, and the customer will not refund it. If it exceeds the second time, the overdue fine will be added to the principal for calculation.
Adopt it
How to calculate the billing date and repayment date of the credit card?
Credit cards are generally around 20 days from the billing date to the repayment date, so you have at least 20 days of capital buffer period. If you swipe your card as soon as the billing date comes out, the credit card consumption funds will jump to the next bill, so you have a buffer period of about 50 days.
How to calculate credit card bill
The monthly billing date is 9th, so the billing cycle is 10 to 9th of the following month. On the billing date of July 9, the current bill records the credit card consumption from June 10 to July 9.
The repayment date is 25 days after the bill date, and there is 3 1 day in July, so the repayment date is 223, that is, August 3 is the final repayment date.
How to calculate the billing date and repayment date of the credit card?
There is no need to calculate the billing date and repayment date of the credit card, which is set by the bank for the cardholder when the credit card is issued.
Credit card repayment date is generally 20-25 days after the bill date. It should be noted that the setting of billing date and repayment date is different for different users and different banks.
The billing date of a credit card, as its name implies, refers to the day when the bill is formed. The credit card issuer collects and settles the current transactions and expenses of the credit card account on a fixed day every month, calculates the total amount owed and the minimum repayment amount in the current period, and forms the current bill. This day is bookkeeping day.
In the past, banks would mail bills to users, but now more electronic bills are used, and users are more accustomed to getting bills through SMS or APP.
Repayment date refers to the deadline for repayment of arrears. The bank will list the repayment date on the bill. The specific repayment date is generally around 25 days after the bill date, but different banks will be different.
The billing date of a credit card is usually a date randomly determined by the bank in the card approval stage. Once the billing date is determined, it means that the repayment date is also determined. From the actual needs, these two dates may not be in line with the cardholder's personal situation, so some banks allow cardholders to adjust.
The billing date of a credit card, as its name implies, refers to the day when the bill is formed. The credit card issuer collects and settles the current transactions and expenses of the credit card account on a fixed day every month, calculates the total amount owed and the minimum repayment amount in the current period, and forms the current bill. This day is bookkeeping day. In the past, banks would mail bills to users, but now more electronic bills are used, and users are more accustomed to getting bills through SMS or APP.
Repayment date refers to the deadline for repayment of arrears. The bank will list the repayment date on the bill. The specific repayment date is generally around 25 days after the bill date, but different banks will be different.
The billing date of a credit card is usually a date randomly determined by the bank in the card approval stage. Once the billing date is determined, it means that the repayment date is also determined. From the actual needs, these two dates may not be in line with the cardholder's personal situation, so some banks allow cardholders to adjust.
How to calculate credit card repayment?
The due date of credit card repayment refers to the latest date when the credit card issuing bank requires the cardholder to repay the payable amount. That is to say, after issuing the bill, the issuing bank should pay off all the expenses before the due repayment date. The due repayment date is the last day of the interest-free repayment period. Before this, the repayment is interest-free, and interest and late fees will be charged if it is overdue. For each bank, the interest-free repayment period is different.
Credit cards of different banks have different calculation methods, which can be divided into two categories:
First, it is clearly stipulated that the first day of each month is the interest-free deadline, and the interest-free period is the date from the consumption date to the deadline;
Second, the cardholder sets a single date and then sets the latest repayment date according to the bill date. The interest-free period is from the consumption date to the latest repayment date.
Credit card, also known as credit card. It is a consumption pattern that people often use for non-cash shopping. Credit cards are generally issued by commercial banks or credit card companies to users who have passed the credit test, which is proof that they can spend and pay in advance. At the same time, it is also a means to promote mass consumption.
pay back
The due repayment date refers to the latest date when the card issuer requires the credit card holder to repay the payable amount. At present, the due date of Bank of Communications credit card is fixed as a fixed date every month according to the customer's billing date.
Precautions for repayment:
1. The card will be repaid after consumption. It is recommended that you repay on time before the due date, so as not to affect your personal credit record;
2. We have handled multiple credit card master cards, and each credit card needs to be repaid separately;
3. If you forget the due date or the repayment amount is slightly wrong, we will provide you with humanized "time tolerance" service.
(1) Time-sensitive service: under normal account status, if the repayment is recorded on the due repayment date of the current bill (including the 3-day grace period), it will be regarded as timely repayment.
(2) Tolerance service: Under normal account status, if the minimum repayment amount in the current period has been fully repaid, but there is still a difference between the repayment amount and the bill payable amount of 65,438+00 RMB or 65,438+0 USD, it is deemed that the current period has been fully repaid, and the unpaid amount will be automatically transferred to the next bill.
Establish a good record
(1) When using a credit card, you need to know the repayment date and billing date of the credit card. Customers are advised to pay back on time on the repayment date after overdraft by credit card.
(2) Repay the overdraft in time to avoid the formation of bad credit records. In the long run, good credit card transactions and repayment behaviors are conducive to establishing a good personal credit record.
(3) For ordinary customers, holding 2-3 credit cards can basically meet the demand. For credit cards that have not been used for a long time, the account should be cancelled in time to reduce the risk of losing the card and avoid the formation of bad records due to the failure to pay the annual fee in time.
(4) Don't lend your credit card to others. Credit is priceless. Don't base your personal credit on trusting others.
So much for the introduction of how to calculate the credit card account.