The retail interest of credit cards generally refers to the interest generated by the unpaid amount of bills on the last repayment date. If cash is withdrawn or repayment is not made in full and on time, interest will be charged at the daily rate of 0.5 ‰. From the day of consumption, you can check whether you have not paid off the bill.

In addition, the emergence of retail interest may also have the following situations:

1, the consumption amount exceeds the credit card itself.

2. Early repayment is delayed, resulting in interest.

3. Installment fee generated by automatic installment payment.

4. Services customized for other reasons.

Extended data:

Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time, and you can also enjoy an interest-free period of 20-56 days, and pay interest on time without charging any fees.

The emergence of credit cards is like a double-edged sword, which can solve the temporary economic crisis. But banks issue credit cards for profit. Once the user exceeds the time of interest-free repayment, he will charge high interest, usually five ten thousandths of the interest every day.

Baidu encyclopedia-credit card