How to calculate the minimum repayment interest of CITIC Credit Card
The calculation method of the minimum repayment interest of CITIC Credit Card is: repayment amount × daily interest rate × consumption overdraft amount × daily interest rate × consumption overdraft days. According to the daily interest rate of five ten thousandths, it is a cyclic interest. For example, if Ms. Zhang's billing date is the 5th of each month, the due repayment date is the 23rd of each month. On September 5th, CITIC Bank will print the bills due for Ms. Zhang, including all her bills from August 5th to September 5th.
the interest on the minimum repayment of a credit card is calculated at a daily interest rate of .5 ‰, and the minimum repayment amount refers to the minimum monthly repayment amount of the credit card, which is shown 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 payment date, which will not affect your personal credit, but you can't enjoy the interest-free repayment period. Interest will be charged on all consumption in the current period from the bookkeeping date.
Examples of revolving interest: If your billing date is 5th of each month and the due repayment date is 23rd of each month; The current bill printed by the bank for you on April 5 includes all your transaction accounts from March 5 to April 5; Suppose you only have one consumption in this bill, the consumption amount is RMB 1, yuan, and the merchant's request time is March 3; Your current bill is printed with the amount payable in this period as RMB 1, and the minimum repayment amount as RMB 1 yuan; Under different circumstances, your circulating interest is as follows: ① If you pay off ￥1, in full before April 23rd, the circulating interest will be in the statement on May 5th; ② If you only pay the minimum repayment amount of ￥1 yuan on April 23rd, the circulating interest on the statement on May 5th is ￥17.85, which is calculated as follows: 1 yuan ×.5%×24 days (March 3th to April 22nd) (1-1) ×.5%×13 days (April 23rd).
Minimum repayment of CITIC Bank
The minimum repayment of CITIC Bank's credit card is influential. If you choose the minimum repayment, you will not be able to enjoy the interest-free service, and you will be charged interest for the repayment. The minimum repayment has been made, and the amount to be repaid in the later period will be more and more, which has a certain risk of overdue. Banks will think that the cardholder's repayment ability is insufficient, which is not conducive to credit card withdrawal.
A credit card, also called a debit card, is a credit certificate issued by a commercial bank or credit card company to qualified consumers. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.
according to different card issuers, it can be divided into bank cards and non-bank cards
bank cards. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.
non-bank card.
this kind of card can be divided into retail credit card and travel and entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by service industries, such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.
according to different issuers, it can be divided into corporate cards and personal cards
corporate cards. Corporate cards are issued to all kinds of industrial and commercial enterprises, scientific research and education institutions, state party and government organs, military units, organizations and other legal organizations.
personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. Personal cards are applied for in the name of individuals and bear all the responsibilities of using them.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary cards. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and their requirements are not high.
gold card.
the gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are those with high credit, strong repayment ability and credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are much wider, so the requirements for related service fees and guarantee money are also higher.
How to calculate the minimum repayment amount of credit card of CITIC Bank
The minimum repayment amount is 1% of the consumption amount plus other payables.
for a bill of 1, yuan, a minimum payment of 1, yuan means a good credit, and the rest will be paid back next month. From the day when 1, consumption is generated to the day when it is paid off, the "unpaid part" needs to pay five ten thousandths of cyclic interest every day.
Extended information
For example:
Mr. Zhang's billing date is the 5th of each month, and the due repayment date is the 23rd of each month. On September 5th, the bank will print the bill due for Mr. Zhang, including all his transactions from August 5th to September 5th.
One of the items consumed in this month's bill is August 3th, and the consumption amount is RMB 1 yuan; Suppose that Mr. Zhang's bill for the current period is printed as RMB 1 yuan and the minimum repayment amount is 1 yuan. If 1 yuan is repaid in full before September 23rd, the interest will be yuan in the bill on October 5th.
before September 23rd, only the minimum repayment amount was paid to 1 yuan. According to different algorithms, the cyclic interest of Mr. Zhang's statement on October 5th was: the cyclic interest of CITIC Bank's credit card = 17.4 yuan. The specific calculation is as follows: 1× .5 %× 24 days (1-1 )× .5 %× 12 days = 17.4 yuan of revolving interest.