Interest: advance cash transactions do not enjoy interest-free repayment. From the trading day, interest will be charged at the daily rate of 0.5 ‰ until the settlement date, and the interest will be compounded monthly. Please repay according to the minimum repayment amount shown in the bill. The minimum repayment amount refers to the minimum monthly repayment amount of a credit card, which is displayed on the bill of the credit card in the current month. If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. All consumption in the current period will bear interest from the bookkeeping date, with a daily interest rate of five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period of credit card consumption) The minimum repayment amount of credit card = 65,438+00% for all general transactions in credit card account+65,438+000% for all outstanding installment transactions in account+65,438+000% for the outstanding part of the minimum repayment amount in the previous period+65,438+000% for all the money used in excess of the credit limit of the account.
According to the relevant provisions of the Notice of the General Office of China Banking Regulatory Commission on Strengthening Risk Management of Cash Advance Business by Credit Card (CBRC 20 17), the interest-free repayment period or minimum repayment amount cannot be enjoyed for cash withdrawal by credit card. After the cardholder uses the credit card to withdraw cash, the overdraft withdrawal amount will be fully included in the minimum repayment amount of the current bill. Neither the credit card overdraft transfer nor the overdraft withdrawal amount can be repaid according to the minimum repayment amount, and it needs to be paid off in one lump sum before the due repayment date.
Taking Bank of Communications as an example, the minimum repayment amount of Bank of Communications credit card is calculated as follows:
1, the minimum repayment amount = consumption amount within the credit line × 10%+ cash transaction amount in advance × 100%+ unpaid portion of the minimum repayment amount in the previous period × 100%+ consumption amount exceeding the credit line × 100%+ all.
2, Bank of Communications credit card minimum repayment interest calculation:
The first stage: amount (actual amount of credit card swiping) × interest rate (0.0005 per day )× time (days from the day of credit card swiping to the day before the minimum repayment);
The second stage: amount (remaining unpaid amount) × interest rate (0.0005 per day )× time (days from the date of minimum repayment to the day before repayment).