Take Bank of Communications as an example:

1, for cash withdrawal by credit card, the interest is: 100000.05%30= 150 yuan, so the total is 10 150 yuan;

2. Enjoy the loan, the loan interest rate is 0.72%, and the interest is: 100000.72%=72 yuan, so you have to pay back 10072 yuan in total;

3. Good cash loan, the loan interest rate is 0.75%, and the interest rate is 100000.75%=75 yuan. Then, the total repayment amount is 10075 yuan.

The other method costs 60 yuan (loan 1 1000 months): just install a POS machine and swipe the money from the credit card into your bank card through the POS machine.

How much is the credit card overdraft interest?

When cardholders use credit cards, some of them take advantage of their overdraft function. As we all know, credit card overdraft charges some interest, so what is the interest of bank credit card overdraft? Since you just got a credit card, it's all strange, but it doesn't matter. Next, I would like to introduce to you how to calculate the interest on credit card overdraft. For credit cards, it is an important feature to allow "consumption first, repayment later" and overdraft. For debit cards, it should be "deposit first, then spend", but on the premise that it is recognized as goodwill overdraft and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses. As far as we know, the credit card overdraft interest is calculated at 0.5 ‰ of the daily interest from the date of signing the contract or the date of posting in the bank account 15, 0.5 ‰ of the daily interest after 15, and 15 ‰ of the daily interest after 30 days or when the overdraft amount exceeds the specified limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount. Take a credit card spending of 50,000 yuan as an example. If the period from the billing date to the repayment date is 45 days, the cardholder will repay 40,000 yuan on the repayment date, and the remaining 1 10,000 yuan will not be repaid on time. If you hold a card of China Construction Bank or China Merchants Bank, you need to pay interest at the base of 50,000 yuan per day, and you need to pay overdraft interest within 45 days 1 125 yuan; If you hold ICBC's credit card, you only need to calculate the outstanding overdraft interest of 1 0,000 yuan, and the overdraft interest to be paid within 45 days is 225 yuan, a difference of 5 times. If you can't repay on time, it's not because you can't repay, but because you remember wrong, which leads to a small number of mistakes, then the difference is even greater. If consumers overdraw in full and can't repay on time, they will incur overdraft interest and other expenses, resulting in the amount owed exceeding the limit. Because the cost overrun is caused by the cost of the credit card itself, some banks will not charge extra fees for this situation. For example, China Construction Bank and China Merchants Bank Credit Card Center now say that there is no over-limit fee. However, ICBC and China CITIC Bank Credit Card Center said that if the arrears exceed the credit card limit, they will charge a 5% overrun fee. However, ICBC said that it would only be charged once in an overrun period, while CITIC Bank said that the overrun fee would be compounded monthly. If the cardholder uses the unit card to overdraw, the unit shall bear the responsibility of repaying the overdraft amount and paying overdraft interest. If the cardholder uses the supplementary card of the personal card to overdraw, the main cardholder shall be responsible for repaying the overdraft amount and paying overdraft interest; If the cardholder of the main card loses the repayment ability, the cardholder of its subsidiary card shall be responsible for repaying the overdraft amount and paying the overdraft interest.

How to calculate the interest on credit card overdraft?

Credit card overdraft interest means that the credit limit in the credit card is used up, but it is still being consumed. Generally speaking, credit card overdraft interest is calculated at the rate of five ten thousandths of daily interest within 15 days from the date of signing the contract or the date of posting in the bank account (inclusive), ten thousandths of daily interest after 15 days, and fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount.

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One: overdraft cash withdrawal is a small cash loan provided by the bank to help you flexibly allocate funds when you are in urgent need. Generally speaking, you take a credit card from the bank and withdraw cash through the bank counter or ATM, which is a form of borrowing. If you spend money in a shopping mall, take a credit card directly. This is called overdraft consumption (interest-free period).

1. The overdraft withdrawal amount is set according to your card usage. Different banks have different withdrawal standards, with the minimum not exceeding 30% of the credit line and the maximum being 100% of the credit line.

2. In addition to the cash withdrawal fee (the cash withdrawal fee varies from bank to bank), domestic and foreign overdrafts must also pay interest and do not enjoy interest-free treatment. Overdraft can be repaid as you borrow, with daily interest, with a daily interest rate of five ten thousandths; No overdraft, no interest, no interest for repayment on the day of overdraft, and interest for how many days of overdraft.

3. If the cardholder makes overdue repayment, interest will be calculated at 0.5 ‰ per day from the day after consumption, and the overdue account will be compounded. Therefore, the longer the overdue time, the higher the daily interest will be.

Two: malicious overdraft requires criminal responsibility. Article 196 of the Criminal Law stipulates that malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession and refuses to return it after being urged by the issuing bank. Those who maliciously overdraw and engage in credit card++activities, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than++or++10 years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.

What's the interest on the credit card overdraft withdrawal?

The daily exchange rate is also called daily exchange rate or daily exchange rate. Refers to the ratio of the single-day interest amount of deposits and loans to the amount of borrowing money. Interest calculated by the day.

Credit cards are different from quasi-credit cards. Credit cards can be overdrawn with a minimum interest-free period of 25 days and a maximum interest-free period of 56 days. There is no interest-free period for quasi-credit card consumption, and there is no interest-free period for overdraft withdrawal, and interest will be charged at the rate of five ten thousandths per day!

Credit card overdraft interest rate mainly refers to the interest rate generated by the cardholder's current bill amount not being repaid in full and on time, and the interest rate that the cardholder should pay in the current period when using the credit card.

All along, the daily interest rate of credit card overdraft has been adjusted between 0.05% and 0.035% in both city commercial banks and state-owned banks. The lower limit is 0.035%, the upper limit is fixed at 0.05%, and the converted annualized interest rate is about 15- 18%.

However, with this notice from the central bank, it means that the overdraft interest rates of all banks may change with the market at will, and it is very likely that banks will reduce the overdraft interest rates of credit cards according to the usage of our accounts in banks.

Then for our cardholders, the overdraft interest rate of each credit card may be different, and the difference may be quite large. But at present, the credit card market is basically fixed, and there may not be a price war initiated by banks in a short time.

In the Notice of the People's Bank of China on Promoting the Market-oriented Reform of Credit Card Overdraft Interest Rate, the central bank also requires credit cards to display the annualized interest rate in an obvious way, not just the daily interest rate and the daily repayment amount.

Coupled with the previous requirement to display the annualized loan interest rate, when we choose to open a credit card in the future, we can see our actual annualized loan interest rate and the annualized credit card interest rate at a glance.

When choosing a credit card, we can choose a credit card with a lower overdraft interest rate to register and use according to the discount comparison given to us by various banks.

How much is the credit card overdraft interest? How to calculate the overdraft interest?

Credit card overdraft is one of the many functions of credit card, so do you know what credit card overdraft interest is? Today, I will give you a detailed introduction to the credit card overdraft interest, and how much is the credit card overdraft interest.

What is a credit card overdraft?

Credit card overdraft means that after the amount in the card is swiped, the card issuer can continue to spend in a short period of time and in a small amount, which means that the cardholder usually spends first and then repays. According to the regulations, the credit card overdraft limit of major banks is basically 5% of the original limit.

How much is the credit card overdraft interest?

Credit card overdraft interest usually refers to the daily interest of 0.5 ‰ from the signing date or the bank bookkeeping date (inclusive) 15 days, 0. 10 ‰ when it exceeds 15 days, and 0. 15 ‰ when it exceeds 30 days or the overdraft amount exceeds the specified limit. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount of the term.

If it is a credit card overdraft, there will be a handling fee in addition to the above interest. The amount of overdraft withdrawal is generally 30% of the credit card amount, and some banks' credit cards are 100%.

To sum up, I feel that the overdraft interest of credit cards is very high, so all card friends should spend moderately and repay in time if they overdraw.

The introduction of credit card overdraft interest ends here.