If the cardholder fails to pay off the minimum repayment amount of the previous bill before the due repayment date (inclusive), our bank will charge a corresponding penalty of 5% of the outstanding minimum repayment amount according to the credit card regulations of China Merchants Bank, and the minimum charge is RMB 65,438+00 or USD 65,438+0 yuan.

Step 2: Interest

Each consumption amount of the last bill is the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths.

The cardholder's billing date is the 7th day of each month, and the credit card consumption is 2000 yuan in April 1 day. This consumption was recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is 2000 yuan, and the "minimum repayment amount" is 200 yuan. If the cardholder only repays 200 yuan on the due repayment date of April 25th, the interest payable up to that date will be shown on the bill of May 7th.

That is, 23 days' interest on the revolving credit principal of 2,000 yuan and 13 days' interest on the remaining principal after repayment 1800 yuan: 2,000 yuan× 0.05 %× 23 days (April 2-April 24)+1800 yuan× 0.05 %×1.

Extended information: 1, minimum repayment amount

When revolving credit is used, the minimum amount payable in the current month is listed on the current bill. ?

How to calculate the minimum repayment amount of each bill:

Minimum repayment amount = 65,438+00% of all general transactions in the credit card account+65,438+000% of all unsettled installment transactions in the account+65,438+000% of the unpaid part of the minimum repayment amount in the previous period+65,438+000% of all funds used beyond the credit limit of the account+expenses.

2. Interest-free period

Cardholders can enjoy interest-free treatment if they repay all the amount due before the due repayment date (inclusive). If the cardholder fails to repay in full in the current period, and the unpaid amount does not exceed RMB 65,438+00 or US$ 65,438+0 yuan, no interest and liquidated damages will be added to the consumer transactions that can enjoy interest-free treatment.

The longest interest-free repayment period is 50 days, unless otherwise agreed between the card issuer and the applicant, but the longest interest-free repayment period shall not exceed the longest interest-free repayment period required by relevant laws and regulations.

China Merchants Bank-liquidated damages

China merchants bank-revolving interest