Conclusion: If you use a Bank of Communications credit card to spend 10,000 yuan and choose a minimum repayment of 5,000 yuan, the interest calculation will be divided into two parts. First of all, from the day of consumption to the day when 5,000 yuan is paid off, the remaining 5,000 yuan will accrue interest at 0.05% per day until it is paid off. Then, starting from the day after the 5,000 yuan is paid off, interest will be calculated on the remaining 5,000 yuan at an interest rate of 0.05% per day until the entire amount is paid off.
Detailed explanation: The interest accrual rules of Bank of Communications credit cards are clear. When the consumption is not repaid in full, interest will be accumulated from the date of consumption based on the outstanding amount. If you fail to pay off the entire bill before the final repayment date, the bank will calculate interest on a daily basis at an interest rate of 0.5% per day, compounded monthly. Therefore, if you only repay 5,000 yuan, the remaining 5,000 yuan will continue to accrue interest according to this rule until you pay it off in full.
To apply for a credit card, you usually need to fill in an application form containing personal information, financial status and guarantor information, submit copies of relevant documents and other materials, and agree to the card issuer's investigation and use of your personal information. As part of the application process, you'll also need to sign documents containing the credit card contract and privacy policy.
BoCom Credit Card combines the advantages of Bank of Communications and HSBC to provide a global user experience while incorporating Chinese and Western cultural elements. Whether locally or globally, this "Chinese Global Card" can bring you unique services and conveniences.
In general, the use and interest calculation methods of Bank of Communications' credit cards are clear and standardized, and its brand features and service commitments also demonstrate the bank's commitment to providing cardholders with an excellent experience.