For non-cash transactions (cash advance or transfer), the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 25 days and the longest is 56 days. During this period, you don't need to pay any interest on non-cash transactions, provided that you pay off the current payable amount (total amount owed) on the current statement in full (you don't enjoy the interest-free discount on cash advance).

The minimum repayment amount means that if the cardholder has difficulty in repaying all the payables before the due repayment date (inclusive), he can repay according to the minimum repayment amount stipulated by the issuing bank, but he cannot enjoy the interest-free repayment period. The minimum repayment amount is 65438+ 00% of the consumption amount plus other payables. The minimum repayment amount is listed on the current bill.

The formula for calculating the minimum repayment amount is as follows:

Minimum repayment amount = 10% consumption balance+10% cash withdrawal balance+interest balance+other payable expenses balance+unpaid part of the minimum repayment amount in the previous period.

Bank of Communications adopts the calculation method of revolving credit interest. Revolving credit: Revolving credit is a small unsecured loan with daily interest. According to your financial situation, you can decide the repayment amount by yourself every month before the current credit card bill expires. When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the circulating credit balance. Revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you cannot enjoy the interest-free repayment period in the current period.

Revolving credit interest rate:

The interest rate of revolving credit shall be uniformly stipulated by the People's Bank of China, and the daily interest rate shall be 0.5 ‰, with monthly compound interest.

Interest calculation of revolving credit:

The consumption amount of the last statement is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The interest on revolving credit will be listed in the next bill.

For example:

● Mr. Zhang's bookkeeping date is 10 day per month.

● The current bill printed by our bank for Mr. Zhang on April 10 includes all his trading accounts from March 1 1 to April 10;

● Mr. Zhang has only one consumption in this month's billing cycle-on March 30th, the consumption amount was 65,438 yuan+0,000 yuan;

● Mr. Zhang's current bill printed "payable amount in this period" is 65,438+0,000 yuan, and "minimum repayment amount" is 65,438+0,000 yuan;

● Under different repayment conditions, Mr. Zhang's revolving interest is:

(1) If Mr. Zhang fully repays 1000 yuan before May 5, the circulating interest in the statement of May 10 is 0 yuan.

(2) If Mr. Zhang only repaid the minimum repayment amount of 65,438+000 yuan before May 5, and this 65,438+000 yuan was repaid on May 65,438+0, the circulating interest on the statement on May 65,438+00 will be 20.50 yuan.

The specific calculation is as follows:

1000 yuan X 0.05% X 32 days (March 30th-April 30th)

+( 1000 yuan-100 yuan) X 0.05% X 10 days (May1-May 10)

= 20.50 yuan (revolving interest)