CCB credit card is a credit card issued by China Construction Bank. The credit cards issued by China Construction Bank are all named as "Longka", including: Longka Famous School Card, Longka Business Card and Longka Automobile Card.
interest:
during the interest-free repayment period: the interest-free repayment period refers to the interest-free period for consumer transactions enjoyed by cardholders who repay in full on schedule, and the interest-free period starts from the bank bookkeeping date to the repayment date, with a minimum of 2 days and a maximum of 5 days. Overdraft cash withdrawal transactions do not enjoy interest-free repayment period.
Tip:
If you don't repay in full before the due repayment date, you won't enjoy the interest-free period. The Construction Bank will charge interest at the daily rate of .5 ‰ and compound interest on a monthly basis. The interest-bearing date is from the date of consumption to the date of repayment, and the interest-bearing principal is calculated based on the actual amount payable.
if you fail to repay before the due repayment date or the repayment amount is less than the minimum repayment amount, CCB will charge interest as required, and will also charge a late fee of 5% of the unpaid part of the minimum repayment amount.
calculation example:
suppose your billing date is 17th of a certain month, and the due repayment date (for example, 3 days per month) is 17th of the next month (if the month is 31 days, it is 16th of the next month, and the month and month are calculated accordingly).
if you spend 1, yuan on April 15th, and this consumption is credited to your account on the same day, the bank bookkeeping date is April 15th, because your billing date is April 17th, the due repayment date is May 7th, and the longest interest-free period for this consumption is 23 days;
if you spend 1, yuan on April 18th, and this consumption is credited to your account on the same day, the bank bookkeeping date is April 18th. Since this consumption should be billed on May 17th, there are 5 days from the due repayment date of June 6th, and the longest interest-free period for this consumption is 5 days.
During the revolving use period:
Revolving credit generally means that the credit limit of a credit card can be recycled. As long as the customer can repay the line in time after each use (including the minimum repayment method), it can be reused without applying before each use. Revolving credit is the inherent attribute and main function of credit card, which brings convenience to cardholders.
interest calculation of revolving credit:
each consumption amount in the last statement is the interest-bearing principal, and the interest-bearing days are from the bookkeeping date of the account to the payment date of the account; The interest rate of revolving credit shall be uniformly stipulated by the People's Bank of China, with a daily interest rate of .5 ‰ and compound interest on a monthly basis. The interest on revolving credit will be stated in the next bill.
calculation example:
suppose your billing date is 7th of each month and the due repayment date is 27th of each month. If you spend 1, yuan on March 2, and this consumption amount is credited to the credit card account on March 23 (i.e. the billing date), your statement on April 7 will list: the total payable amount in this period is 1, yuan, and the minimum repayment amount is 1, yuan. If no other transactions are recorded during the period from April 8 to May 7, and you pay the minimum repayment amount of 1, yuan on April 27, the bill on May 7 will include the unpaid part of the consumption amount of 9, yuan and interest of 225 yuan.