Hello, when you use revolving credit to repay loans or advance cash, you will charge revolving interest. If all the consumption funds are paid off in full before the due repayment date of the current billing cycle, you can enjoy the interest-free period by swiping your card without generating cyclic interest; If you don't pay off all the bills in the current period on time, it will be regarded as using revolving credit. From the bookkeeping date (usually the day after consumption), interest will be charged on all the consumption in the current period, with a daily interest rate of five ten thousandths, until you pay off all the bills. If you use the cash advance function, you cannot enjoy the interest-free period of cash advance. Interest will be calculated from the date of cash withdrawal, with a daily interest rate of 0.5 ‰, and compound interest will be calculated monthly until it is paid off.

Examples of revolving interest:

If your bill date is 5th of each month, the due repayment date is 23rd of each month; The current bill printed by the bank for you on April 5, including all your trading accounts from March 5 to April 5; Suppose you have only one consumption in the current bill, the consumption amount is RMB 1 000, and the time required by the merchant is March 30th; The "payable amount in this period" printed on your current bill is 1 1,000 yuan, and the "minimum repayment amount" is 1 1,000 yuan; Under different circumstances, your circulating interest is as follows: ① If you pay off ￥ 65,438+0,000 before April 23rd, the circulating interest in the statement on May 5th will be zero; ② If only the minimum repayment amount is 65,438+000 yuan on April 23rd, the cyclic interest on the statement on May 5th is 65,438+07.85 yuan, and the specific calculation is as follows: 65,438+0,000× 0.05 %× 24 days (from March 30th to April 22nd)+(654,300).

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