What should be mentioned is the interest for repayment according to the minimum repayment amount. If the Bank of Communications credit card is repaid according to the minimum repayment amount, the daily interest rate will be 0.5% from the date of consumption, calculated on a monthly basis. Compound interest.

The amount of each consumption in the previous period's statement is the interest-bearing principal, and the number of days from the recording date of the account to the date of repayment of the account is the number of interest-bearing days, and the daily interest is 5/10,000 is the interest rate. Interest on the revolving credit will be shown on your next bill.

For example, the bill date is the 5th of each month, the repayment due date is the 25th of each month, the minimum repayment amount is 10% of the amount due, and June 5th, the current bill includes All transaction accounts between May 6th and June 5th:

Assume that the amount of an expenditure in this period is RMB 1,500 on May 30th, then the cost of this period’s bill The monthly repayment amount is RMB 1,500, and the minimum repayment amount is RMB 150.

If only the minimum repayment amount of RMB 150 is repaid on June 25, the cycle on the statement on July 5 will Interest = 26.25 yuan

The specific calculation is as follows

1500 yuan × 0.05 × 26 days (May 30-June 25)

(1500 yuan - (150 yuan) Repayment is 176.25 yuan

If you continue to repay the minimum repayment amount of 150 yuan before July 25, the recurring interest on the statement on August 5 = yuan

The specific calculation is as follows

1,500 yuan × 0.05 × 30 days (June 26-July 25)

(1,500 yuan-300 yuan) × 0.05 × 11 days (July 25th-August 5)

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Revolving interest = 29.1 yuan

The repayment for this period is 179.1 yuan.