The interest rate of credit card borrowing depends on the charging standard of the specific issuing bank, and is also related to the types of loans, such as credit card consumption, credit card cash withdrawal and credit card loans. Moreover, it also has something to do with whether it is staged or not.
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.
Credit card installment repayment:
1. Bank credit card has five stages: 3, 6, 9, 12, 24, and the handling fee rate is generally 0.60%. The handling fee is charged monthly in the current period.
2. If 10000 is divided into 12 periods, the total handling fee is100000.6%12 = 720; Total amount of principal plus handling fee = 10000+720= 10720. Calculated, it is still 893.33 yuan per month.
Credit card installment payment refers to the process that the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum when the cardholder uses the credit card to make a large amount of consumption, and then the cardholder repays the money to the bank in installments. According to the cardholder's application, the bank deducts the consumption funds by stages through the cardholder's credit card account, and the cardholder repays according to the monthly amount. The single installment fee rate is 0%~ 1.67%, and the first installment fee is one month. The handling fee for each installment is included in the monthly installment repayment bill, and the handling fee for each installment = total installment amount × handling fee rate for each installment. The final rate is subject to the actual order. Repay in full and on time every month after installment, without interest. Principal of each installment = total installment amount/installment number, and handling fee of each installment = monthly handling fee rate. The principal and handling fee of each period shall be charged monthly. After the cardholder successfully handles the installment of the bill, the installment amount is included in the bill from the latest installment after installment, and the handling fee of each installment is recorded at the same time as the installment amount, which is included in the minimum repayment amount. If the cardholder fails to repay the remaining amount of the current bill in full and on time after successful handling, it will be deemed as not being repaid in full, and the current bill will not enjoy the interest-free repayment period for consumer transactions.
How much does China Merchants Credit Card borrow for 11 thousand a month?
China Merchants Credit Card Loan 1 1000, with a monthly repayment of 900. Because in China Merchants Bank's credit card, 1 10,000 yuan 12 installment, 900 yuan needs to be repaid every month, plus various other management interests and expenses, the total repayment amount needs to be nearly 1.2 million yuan.
How much is the credit card 10000 yuan a month?
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.
Let alone how many credit cards you can borrow in 11 thousand a month.