Credit card withdrawal is five ten thousandths of the daily withdrawal amount. By the day. Most bank credit cards also have a cash withdrawal fee.

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How to calculate the interest of credit card withdrawal?

Generally speaking, whether it is cash withdrawal or minimum repayment amount, interest is calculated on a daily basis. The daily interest rate is five ten thousandths, which translates into an annual interest rate of 18.25%. If you use the minimum repayment amount, the interest is very high, almost four times the bank loan interest rate, so you must use the credit card reasonably and try not to use the minimum repayment amount or withdraw cash.

What is the specific algorithm? Next let's look at an example.

If the billing date of your credit card is 10 day per month and the due repayment date is 1 day per month, you will spend 10000 yuan by swiping your card on June 5, and the minimum repayment amount will be 1 000 yuan on July1day. Then the interest generated by the next bill is:10000× 0.05 %× 26 (June 5-July1) 9000× 0.05 %× 41(July1-August/kloc-0.

How to calculate the interest of credit card overdraft withdrawal?

Take Bank of Communications as an example:

1, for cash withdrawal by credit card, the interest is: 100000.05%30= 150 yuan, so the total is 10 150 yuan;

2. Enjoy the loan, the loan interest rate is 0.72%, and the interest is: 100000.72%=72 yuan, so you have to pay back 10072 yuan in total;

3. Good cash loan, the loan interest rate is 0.75%, and the interest rate is 100000.75%=75 yuan. Then, the total repayment amount is 10075 yuan.

The other method costs 60 yuan (loan 1 1000 months): just install a POS machine and swipe the money from the credit card into your bank card through the POS machine.

How to calculate the interest?

At present, credit card withdrawal fees mainly include two categories, namely, fees and interest.

1. Handling fee

The credit card withdrawal fee is charged according to each transaction, calculated according to each transaction in China, with a minimum charge of 1% for each transaction. Overseas (including Hong Kong, Macao and Taiwan) is calculated at 3% of each transaction, and the minimum charge is 30 yuan/transaction.

Step 2: Interest

Cash withdrawal by credit card charges interest on a daily basis, with a daily interest rate of 0.5 ‰, that is, 65,438 yuan+0,000 yuan for cash withdrawal, which charges 5 yuan interest.

That is to say, if you withdraw 2000 yuan on June 5438+February 1, you will have to charge a one-time handling fee, 20 yuan. Suppose February 10 repayment generates interest of 20005% 10= 10, and the total repayment amount is 2030 yuan.

It can't be interest-free Some people think that credit card withdrawal and credit card consumption can enjoy interest-free treatment. However, at present, all banks stipulate that credit card withdrawals should pay interest and do not enjoy interest-free treatment. Most credit cards are calculated at a daily interest rate of five ten thousandths, which translates into an annual interest rate of more than 18%. In addition, most credit cards have to pay a high withdrawal fee, and only a few credit cards are exempt from handling fees.

How to calculate the interest?

At present, credit card withdrawal fees mainly include two categories, namely, fees and interest.

1. Handling fee

The credit card withdrawal fee is charged according to each transaction, calculated according to each transaction in China, with a minimum charge of 1% for each transaction. Overseas (including Hong Kong, Macao and Taiwan) is calculated at 3% of each transaction, and the minimum charge is 30 yuan/transaction.

Step 2: Interest

Cash withdrawal by credit card charges interest on a daily basis, with a daily interest rate of 0.5 ‰, that is, 65,438 yuan+0,000 yuan for cash withdrawal, which charges 5 yuan interest.

That is to say, if you withdraw 2000 yuan on June 5438+February 1, you will have to charge a one-time handling fee, 20 yuan. Suppose February 10 repayment generates interest of 20005% 10= 10, and the total repayment amount is 2030 yuan.

It should be noted that the extra money in the credit card will also be charged a handling fee, but no interest will be charged. In addition, there may be slight differences between banks, subject to the actual deduction.

Precautions for credit card use:

1, don't disclose information.

Don't disclose personal information to others easily, including your ID number, bank code and other information, and don't give your bank card and credit card to others for use. If you have any questions and need to report the case, please go to the bank and other financial departments in person or report the case to the local public security organ. Don't call the police according to the phone number provided by the suspect.

2. Pay attention to the safe use of online banking.

Install necessary anti-virus and anti-Trojan software and online banking security controls, confirm that you are logging in to the real bank website, do not easily receive strange files, and do not easily use other people's computers to log in to online banking.

3. Be vigilant when using self-service bank.

At present, the door of self-service bank has been gradually transformed into a button-open type. When withdrawing money from the self-service bank, if you find suspicious equipment at the entrance and exit of the self-service bank or prompt "Confirm by password", don't swipe your card and enter the password, and report to the bank and the public security organ in time.

4. Pay attention to separate the card from the ID card.

In life, many people put their ID cards and bank cards together. Once lost or stolen, the cardholder's funds are likely to be lost.

5. Is the consumption a UnionPay POS machine?

Confirm whether it is a UnionPay POS machine when swiping the card, and sign the shopping settlement bill after swiping the card. At the same time, you should also pay attention to whether there is duplication to prevent the returned bank card from being exchanged. In addition, the signature style should be as consistent as possible with the signature on the card.

6. Open banking business

Try to open the instant messaging service of the bank, so that you can grasp the consumption and withdrawal information of your bank card more conveniently and timely.

7. Protect the bank card password.

It is a man-machine conversation process when using bank cards to spend or withdraw money. Once the password is correct, the machine will run by default. Many cards have the same initial password, such as a string of 6 and a string of 8. Passwords should be reset in time, so as not to provide opportunities for criminals.

8. Pay attention to whether there are suspicious cameras.

When operating an ATM machine, if you see some small notes stuck on the side, such as an emergency notice, indicating that the machine is broken, please be vigilant when asking the cardholder to call or provide password information, and don't be fooled.

How to calculate the interest on cash withdrawal of ABC credit card?

For cash withdrawal by credit card, interest will be calculated from the bank bookkeeping date, with a daily interest rate of 0.5 ‰ until repayment. The algorithm is as follows:

Withdrawal of interest 14 yuan. Algorithm: July 3 1 day, ATM withdrawal 1000 yuan, August 27, it takes 28 days, generating interest: 100280.0005 = 14 yuan. Therefore, there will be a withdrawal interest of 14 yuan on the billing date of August 27th.

Withdraw interest 10.64 yuan. On August 27th, when the bill was paid, the sum of consumption plus interest was100014 =1kloc-0/4 yuan, and it was repaid and settled on September 8th, with a total interest of 2 1 day.

Extended data:

The overdue interest and withdrawal interest of most bank credit cards are calculated by compound interest. Therefore, when you use your credit card, try not to be overdue and pay back in full.

Generally speaking, on the due date, the cardholder needs to pay off the bill in one lump sum. If you can't pay off in one lump sum, you will pay back according to the minimum repayment amount or only part of the bill, which will generate interest. The so-called compound interest is the interest generated by the original gold. Next month (if it is still not paid back), it will also generate interest, with a daily interest rate of five ten thousandths.

A very important keyword in the calculation of credit card interest is "full penalty interest", that is, if the cardholder fails to repay in full, no matter whether it has been repaid or not, it will no longer enjoy the interest-free period, and interest will be charged from the trading day to the last repayment day. Specifically, from the billing date (usually the second day of credit card consumption) to the day when a part of the repayment is received first, interest is charged according to each consumption on the bill (including the unpaid amount of last month). Then, continue to calculate the interest according to the remaining unpaid part until the next repayment.