The interest rate of Shanghai Pudong Development Bank credit card is calculated based on the daily interest rate of 0.05.

In addition, credit cards have interest-free periods. If you pay off the entire bill amount on the final payment date, you can enjoy the interest-free period. That means you don’t have to pay interest, you only have to pay the amount you consume.

Overdue credit card payments will incur late fees and interest.

1. Late payment fee: A late payment fee of 5 yuan is charged according to the credit card bill; the minimum repayment of 10,000 yuan is 1,000 yuan, and a late payment fee of 5 yuan for 1,000 yuan is a late payment fee of 50 yuan.

2. Interest: 5/10,000 per day interest on the entire bill; that is to say, the installment amount is 10,000 yuan, no matter how much the monthly repayment is after the installment, it will be based on the entire arrears of 1 Interest is charged on 50,000 yuan, which means the interest of 5 yuan per day increases rapidly.

3. The amount is: late payment fee for bill amount 5, interest of 0.05% per day × number of days.