Credit cards will only generate interest when they make the minimum repayment, withdraw cash or become overdue. Credit card interest is generally charged at the rate of five ten thousandths of a day. This interest rate is higher than the common loan interest rate of banks.
Credit cards generally have an interest-free period of 3 days, and consumers will not charge interest as long as they pay off their debts within the interest-free period. If the consumer is overdue, the interest is generally calculated according to the daily interest rate of .5%. If the overdue period exceeds 3 days, some banks will calculate the interest according to the daily interest rate of .1%.
if the consumer spends 1, yuan overdue after using the credit card, the interest to be paid every day is: 1, * .5% = 5 yuan, and one month (calculated by 3 days) is 15 yuan. Generally speaking, the interest to be paid is very high, so it is recommended not to be overdue easily.
Precautions for credit card use:
1. Don't disclose personal information to others easily, including your ID number, bank card number and other information, and don't give your bank card and credit card to others for use. If you have doubts and need to report the case, please go to the bank and other financial departments in person for consultation or report to the local public security organ. Don't call to report the case according to the phone number provided by the fraud suspect.
2. Pay attention to the safe use of online banking. Install necessary anti-virus and anti-Trojan software and online banking security controls, confirm that you are logging in to the real bank website, do not easily receive strange files, and do not easily use other people's computers to log in to online banking.
3. Be vigilant when using self-service banks. At present, the door of the self-service bank has been gradually transformed into a button-opening type. When you withdraw money from the self-service bank, if you find suspicious devices at the entrance and exit of the self-service bank or prompt information such as "Confirm by password", you should never swipe your card and enter your password, and report to the bank and the public security organ in time.
4. Pay attention to separating the card from the ID card. In life, many people put their ID cards and bank cards together. Once they are lost or stolen, the cardholder's funds are likely to be lost.
5. When swiping a credit card, you should confirm whether it is a UnionPay POS machine, and sign the shopping settlement bill after swiping the card. At the same time, you should also pay attention to whether there are duplicate problems and prevent the returned bank card from being switched. In addition, the signature style should be as consistent as possible with the signature on the card.