What is the minimum repayment of a credit card worth RMB 30,000?
Minimum repayment amount = 10 All general transactions in the credit card account 100 Amount of all outstanding installment transactions in the account in a single period 100 The unpaid portion of the minimum repayment amount in the previous period 100 All funds used in excess of the account credit limit 100 fees and 100 interest, and the minimum repayment is 3,000 yuan.
Knowledge expansion:
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. Daily interest rate (0/000 )=annual interest rate ()÷360=monthly interest rate (‰)÷30
2. Monthly interest rate (‰)=annual interest rate ()÷12
(2) Banks can use Interest is calculated using the accumulative interest calculation method and the tick-by-item interest calculation method.
1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:
Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.
2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:
The interest calculation period is the entire For years (months), the interest calculation formula is:
①Interest = principal × number of years (months) × interest rate per year (months)
The interest calculation period has a full year (months) ) If there are fractional days, the interest calculation formula is:
②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate
At the same time, the bank can choose to calculate interest by converting all interest calculation periods into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:
③ Interest = principal × actual number of days × daily interest rate
These three calculation formulas are essentially the same, but since only 360 days are used in a year in interest rate conversion. However, when actually calculating the daily interest rate, a year will be calculated as 365 days, and the result will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.
(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest imposed on the defaulter by the bank according to the contract signed with the party concerned is called bank penalty interest.
(5) Overdue loan liquidated damages: The nature is the same as penalty interest, and it is a punitive measure against the party who defaults on the contract.
(6) Formulation and filing of interest calculation methods
The interest calculation and settlement rules and interest calculation methods for deposits and loans formulated by national commercial banks shall be reported to the Head Office of the People's Bank of China Register and notify customers; regional commercial banks and urban credit cooperative legal persons report to the branches of the People's Bank of China and central branches in provincial (capital) cities for registration and notify customers; rural credit cooperatives and county cooperative legal persons can formulate plans based on the actual situation of rural credit cooperatives in the county where they are located. , interest settlement rules and interest calculation methods for deposit and loan businesses shall be reported to the branch of the People's Bank of China and the central branch of the provincial capital (capital) city for record, and shall be informed to customers by the legal person of the rural credit cooperative.
How to calculate the minimum repayment amount of 30,000 for a credit card (debit card)?
Generally, the minimum repayment amount is 10% of the consumption amount and other payables. For example, the cardholder's credit card (debit card) consumption is 30,000, and the repayment amount for the current period is also 30,000, then the minimum repayment is calculated as the consumption amount of 10, and the minimum repayment amount is 3,000.
Minimum repayment means that the cardholder cannot repay all the consumption before the repayment bill date. According to bank regulations, the cardholder can choose the minimum repayment to perform repayment. If you choose the minimum repayment, all purchases on the bill will not be exempt from interest, and full penalty interest will be charged. Interest will begin to accrue from the day the credit card is swiped.
What is the minimum repayment for a CITIC Credit Card credit card worth RMB 30,000?
300 yuan. CITIC, also known as CITIC Bank, is one of China's national commercial banks, headquartered in Beijing.
The minimum repayment amount for bank credit cards within the bank is calculated as follows: when settling a bill for the first time, the minimum repayment amount is 10% of the total bill amount, and the minimum monthly repayment amount thereafter is 5% of the total bill amount, that is, 30,000 yuan times 10 = 300 yuan. The minimum repayment amount is 300 yuan. CITIC Bank is the seventh largest bank in mainland China, with total assets of more than HK$1.2 trillion, more than 16,000 employees and more than 540 branches.
That’s it for the introduction to the minimum repayment amount of 30,000 for a credit card.