1. Full repayment means full repayment before the repayment date, and the overdraft part is repaid without interest.
2. Repayment by installment. After applying to the bank for installment, monthly repayment = overdraft amount/installment number+installment fee.
3. Minimum repayment amount, calculation method of minimum repayment amount: minimum repayment amount = unpaid part of the minimum repayment amount of the previous bill+overdraft balance of the current bill multiplied by 10%. If repayment is made according to the minimum repayment amount before the due repayment date (inclusive), the card issuer will charge overdraft interest at the rate of 0.5 ‰ per day.
How to calculate the interest on the minimum repayment amount of credit card?
Choosing the minimum repayment amount can maintain a good credit record. However, if the minimum repayment amount is returned, the interest-free period will be lost, and the cardholder will have to pay some interest.
At present, most banks use the method of full interest, and charge five ten thousandths (0.05%) of interest every day from the date when consumption is recorded, and compound interest is calculated monthly.
At present, if the cardholders of some banks repay according to the minimum repayment amount, they have already repaid some interest-free, and the unpaid part will bear interest at the interest rate of five ten thousandths per day from the bookkeeping date. That is to say, the 1 0,000 yuan that Miss D has returned in the above example can be exempted from interest, and the card center only charges interest on the 9,000 yuan that was not returned from June 14 to the repayment date. This way can alleviate some repayment pressure.
If you don't want to go around interest, the best way is to repay in full and on time. "Dare to do, dare to borrow and dare to pay back" can not only maintain a good credit card use record, but also avoid bad credit records.
Legal basis:
Article 52 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks stipulates that the issuing bank shall establish a risk management system for credit card business. When the issuing bank learns from public security organs, judicial organs, cardholders themselves, relatives, transaction monitoring or other channels that cardholders have risk information such as stolen identity documents, deteriorating family financial status, declining repayment ability, invalid reserved contact information, deteriorating credit status, abnormal card use behavior, etc., it should immediately stop operations that may expand credit risk, such as increasing credit limit, authorizing card service exceeding credit limit, and authorizing business by stages, and take measures to improve transaction monitoring and reduce credit limit.