The interest-free period of overdraft consumption can be as long as 50 days. As long as you repay in full before the repayment due date stipulated by the bank, you can enjoy interest-free treatment from the trading day to the repayment due date. However, the installment fee is generally charged in installments, and the fee is charged according to the number of installments. Generally, the rate for Phase 6 and Phase 12 is 0.70%, and the rate for Phase 18 and Phase 24 is 0.72%. Credit cards only charge interest when withdrawing cash and applying for the minimum repayment amount, which is generally calculated at the daily interest rate of five ten thousandths.

The credit card interest of Guangfa Bank is calculated as follows: overdraft 1.200 yuan, repayment in two installments 12, handling fee of 0.6%/ month, and actual monthly deduction 1.000+0.200×0.6% = 654300. If other factors are not considered, the convertible nominal annual interest rate is 7.2%. But the cardholder did not always owe the bank 1.200 yuan. In the last month, he actually only owed the bank 1 1,000 yuan, but the bank still charged the handling fee according to 1, 200 yuan. According to the calculation, the actual annual interest rate that the cardholder has to pay is about 15.48%. According to the correct calculation formula, it should be1200 * 6% * (1+6%)12/(1+b)12-1) =/kloc.

Full penalty interest and partial penalty interest are two methods to calculate interest. Most banks only pay the repayment amount before the repayment date, not the full amount, so they have to pay not only the interest on the unpaid part, but also the interest generated from the consumption date to the repayment date by five ten thousandths of the total amount.

Minimum repayment amount

Annual fee of main card: Puka UnionPay card annual fee, 40 yuan Gold Card UnionPay card annual fee, 80 yuan.

Free annual fee policy: free annual fee in the first year, and free annual fee in the following year after swiping the card six times. The annual fee for MasterCard Titanium Card is charged to 480 yuan in the first year. From the first year, the annual fee for swiping the card can be 80,000 yuan, that is, the annual fee for the second half of the year is exempted.

Cash advance limit: 50% of the credit limit.

Interest-free period: 20 to 50 days.

Consumption verification method: signature+password

Revolving credit interest (daily interest): 0.05% interest is charged every day, with a minimum charge of 1 yuan.

Consumption SMS notification fee: 300 yuan and above are free, and SMS notification function is required in 300 yuan and below. The fee is 3 yuan per month.