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How to calculate the interest of 10,000 on Bank of Communications credit card?

1. The cash withdrawal fee for withdrawing 10,000 yuan = 10,000 × 1 = 100 yuan. If it is a youth card, the cash withdrawal fee is 5 yuan. For example, if you withdraw money and repay it 10 days later, the cash withdrawal interest = 10,000 × 0.05 × 10 = 50 yuan.

2. Interest of five ten thousandths per day. 10000*0.0005=5 yuan, 5 yuan a day. Some credit cards charge handling fees, and the amount you can withdraw cannot exceed half of the total amount (you can only withdraw 5,000 for a limit of 10,000).

There is no interest-free period for credit card cash withdrawals, and cash handling fees and interest are charged. The interest is calculated on a daily basis and is compounded on a monthly basis. So pay it back as soon as you have money. Bank of Communications credit card cash withdrawals will be charged a cash handling fee based on 1% of the cash withdrawal amount, starting from a minimum of 10 yuan. Among them, the Bank of Communications Credit Card Youth Card cash withdrawal fee is calculated based on every 5 yuan, and is not charged in proportion to the cash withdrawal amount, starting from the day of cash withdrawal until repayment Until that day, interest will be charged at 0.5% per day, and compound interest will be calculated on a monthly basis.

Credit cards cannot withdraw 10,000 yuan in cash at one time.

Because: There are three types of credit card cash withdrawal limits: half of the fixed limit (most banks are like this), 1/3 of the fixed limit (some banks are like this), fixed limit (for some special credit card types) ).

No matter what kind of cash withdrawal limit, all banks across the country have unified standards for credit card cash withdrawals:

The single, daily limit is 2,000 yuan/card, and the excess amount needs to be withdrawn the next day. . Cash withdrawals do not enjoy the interest-free repayment treatment. Overdraft withdrawals will charge overdraft interest at a rate of 0.05% per day from the bank accounting date to the full repayment date, and compound interest will be charged monthly. In addition, in addition to interest on cash withdrawals, there are also 1-3 cash withdrawal fees. Different banks have different charging standards for cash withdrawal fees.

Charging standards for transportation credit card cash withdrawal fees:

For domestic RMB cash withdrawals, 1% of the transaction amount is charged, with a minimum of RMB 10 per transaction (Y-POWER credit card domestic RMB cash withdrawals, each RMB 5 per transaction); when withdrawing cash overseas via the UnionPay network, RMB 12 will be charged per transaction, plus 1% of the transaction amount, with a minimum of RMB 15 per transaction; when withdrawing cash overseas via the VISA/MasterCard network, 1% of the transaction amount will be charged, with a minimum fee of RMB 15 per transaction. Pen $5. (This charging standard does not apply to quasi-credit cards (MORE cards))