Credit cards are generally repaid on time and in full without interest. In addition, there is a certain interest and handling fee for overdraft withdrawal. The interest is calculated on a daily basis, which is also five ten thousandths. The interest is calculated from the day the cash is withdrawn, and the handling fee is charged at .5% (minimum 2 yuan/transaction).

If you can control the credit card consumption and repay it on time every month, the credit card will always be interest-free. Just pay back the amount you spent, and there is no interest.

If the repayment is overdue or not fully repaid, the bank will charge interest. In this case, the credit card interest is calculated from the date when the consumption is recorded, and the interest is charged at five ten thousandths every day, and the interest is compounded monthly. That is to say, if the interest is not paid off this month, it will also generate interest next month. < P > In addition to interest, if the credit card is not repaid on time, it will also generate other expenses, such as late payment fees, etc., so the cardholder should pay attention to the credit card fee standard when using the credit card.

Extended information:

Credit cards are overdue. Credit cards have billing date and repayment date. Generally, 2 days after the billing date is the deadline for repayment of credit cards. Repayment beyond the repayment date is overdue, which will generate interest and affect your own credit. The penalty interest generated by the overdue credit card is .5 ‰ of the overdue amount. If you spend 1, yuan with the credit card and it is overdue for one day, then the penalty interest is 5 yuan.

Cash withdrawal by credit card is one of the functions of credit card. If the cardholder has a short-term capital demand, he can withdraw cash by credit card. The higher the credit card limit, the higher the cash withdrawal amount will be, and the cash withdrawal amount will not exceed 5% of the credit card limit. Cash withdrawal by credit card will generate interest, and a certain handling fee will be charged. The handling fee charged by each bank is different, but the interest generated is five ten thousandths of the cash withdrawal amount, and the daily interest generated is 5 yuan.

credit card installment, which can be repaid in 24 installments at the longest, will generate a handling fee, which is actually the interest charged. The longer the credit card installment takes, the more the handling fee will be charged. The handling fee for credit card installment is also one of the sources of bank credit card business income, and the handling fee for credit card installment varies from bank to bank.

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