If the credit card is swiped at the POS machine for consumption, the following situations will occur:

1. Repay the full amount on time, without interest;

2. If you pay the minimum repayment on time, you will be charged a daily interest rate of 0.05%;

3. For overdue repayment, in addition to the above-mentioned interest, there will also be late fees.

Cash withdrawal is one of the functions of a credit card. If the cardholder has short-term financial needs, he can withdraw cash through a credit card. The higher the credit card limit, the higher the amount of cash withdrawal, and the cash withdrawal limit will not exceed the credit card limit. 50% of the amount. Credit card cash withdrawals will generate interest and will also charge a certain handling fee. The handling fees charged by each bank are different, but the interest generated is 50,000% of the cash withdrawal amount. If you withdraw 10,000 yuan in cash, the interest generated every day is 5 yuan. 3. Credit card installment

Credit cards can be repaid in up to 24 installments. Installment will incur handling fees, which is actually the interest charged. The longer the credit card installment period, the more handling fees will be charged. Credit card installment fees are also one of the sources of bank credit card business income, and each bank's credit card installment fees are different.

Different banks have different installment interest rates. Here are a few banks to illustrate. Others are similar.

Bank of China can offer a handling rate of 1.95% in 3 installments, a handling rate of 3.6% in 6 installments, a handling rate of 5.4% in 9 installments, and a handling rate of 7.2% in 12 installments. The handling fee is 11.7% in 18 installments and 15% in 24 installments

Agricultural Bank of China can divide it into 3, 6, 9, 12 and 24 installments. The handling fee is fixed. , 0.6% of the bill amount in each period is charged as a handling fee. ICBC can offer a handling rate of 1.65% in 3 installments, 3.6% in 6 installments, 5.4% in 9 installments, 7.2% in 12 installments, and 7.2% in 18 installments. 11.7%, and the handling rate in 24 installments is 15.6%. Bank of Communications can divide it into 3, 6, 12 or 24 installments. The handling fee is fixed and charges 0.72% of the bill amount in each installment.

China Construction Bank can divide the handling rate into 3 installments at 0.7%, 6 installments at 0.55%, and 12 installments at 0.55%.

If you only pay the minimum repayment amount with your credit card, the unpaid portion will no longer enjoy the interest-free period and will need to pay interest. The credit card interest is calculated from the date the consumption is recorded, and 10,000 of the consumption amount will be charged every day. Five (i.e. 0.05%), calculated on a monthly compound basis.

The calculation formula for charging interest is (principal * 0.05% * the number of days from the consumption date to the current payment date + the unpaid principal amount * 0.05% * the number of days from the current payment date to the next bill date number of days). For example, if the 5th is the billing day and the 23rd is the repayment day, the amount due on the bill on March 5 is 1,000 yuan, and the minimum repayment is 100 yuan on the repayment day, then the interest before the next repayment date will be 17.85 yuan.

At the same time, the minimum monthly repayment interest on the credit card will also be calculated based on monthly benefits until the cardholder pays off the balance in full. Because you choose the minimum repayment, the interest rate is actually very high. Unless there are special circumstances, it is better to repay the loan in full on the repayment date.