After the user selects the minimum repayment amount, the bank will charge 0.05% interest on the remaining unpaid part of the credit card from the maturity date, for example, the original monthly repayment amount is 1 1000 yuan, and after selecting the minimum repayment amount1/00 yuan, the daily interest will be 0.05%9900 yuan, that is, 4.000 yuan. Although the minimum repayment is not overdue, the interest is high and it is only suitable for emergency use.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of China (Interpretation of the NPC Standing Committee on Credit Card Terms in the Criminal Law of People's Republic of China (PRC)) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.

Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.

You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).

It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.

Special merchants who hold cards in banks can enjoy preferential treatment.

Accumulate personal credit, add credit records to credit files, and benefit for life.

Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )

Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )

How to calculate the credit card interest?

Credit card interest calculation method:

1, the credit card will have an interest-free period, and if it is repaid before the repayment date, no interest will be generated. If the repayment is made in installments on time, there will be a handling fee, but if it is overdue, it will generate interest (and it is still a high interest rate).

2. The way for banks to charge overdue interest on credit cards is to calculate the total bill of the current month, which is called "full interest", rather than the unpaid amount. Full interest, also known as full penalty interest, refers to the failure to repay in full by the latest repayment date. Even if a penny is missing, the full amount of the current bill is calculated at five ten thousandths of the daily interest rate, and the compound interest is calculated on a monthly basis. It can also be called "rolling interest".

3. Except ICBC, Agricultural Bank of China and Shanghai Pudong Development Bank, all other banks bear full interest, and ICBC is the first bank to cancel the full penalty interest of credit cards.

(1) Pufa

The interest shall be calculated in installments, and the interest shall be 0.5 ‰, and the liquidated damages shall be calculated at 5% of the unpaid minimum repayment amount. If the minimum repayment amount is within 10 yuan, there is no penalty and no upper limit.

(2) Industrial and Commercial Bank of China

Interest shall be charged on the unpaid part. If the minimum repayment amount cannot be repaid before the due repayment date (inclusive), it shall be deemed as overdue, and liquidated damages shall be charged at 5% of the unpaid part of the minimum repayment amount.

(3) Agricultural Bank of China

The interest shall be calculated in installments, with five ten thousandths of interest, liquidated damages, and 5% of the minimum repayment amount outstanding. Credit: As long as the minimum repayment amount is enough, it will not affect the credit rating.

How to calculate the minimum repayment interest of credit card?

The charge standard for the minimum repayment interest of credit cards is:

1. From the bookkeeping date of each transaction, interest shall be calculated at the daily rate of 0.5 ‰ until each debt is paid off.

2. The cardholder applies for repayment according to the minimum repayment amount, and only pays interest in the second phase, and only pays 65,438+00% of the total bill in the first phase.

3. The amount that the cardholder needs to pay when applying for the minimum repayment amount is: (current consumption amount+unpaid amount of last month+interest and expenses of this month) 10%+ current overdraft full withdrawal.

Credit cards that only pay the minimum repayment amount are not overdue and will not affect the credit history. The relevant contents are as follows:

1, the minimum repayment amount of each bank is different, which is generally about 10% of the bill amount; However, if the minimum repayment amount is not paid this month, the minimum repayment amount next month = the minimum repayment amount next month+the overdue fine payable this month+the minimum repayment amount this month (about 65438+ 00% of the total amount).

2. After the minimum repayment amount is paid, from the due date, five ten thousandths of the interest of the full billing date of the current month will be charged, and the monthly interest will be compounded, which is easy to form a vicious circle.

Generally speaking, the monthly bank credit card bill will be reminded by SMS or sent by paper bill. The bill will indicate: what is the minimum repayment amount or how much you can apply for installment payment.

You don't need to contact the bank to repay the minimum amount. As long as the amount deducted by the bank is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.

5. Cash withdrawal can also pay the minimum repayment amount, but the cost of cash withdrawal by credit card is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.

6. If the minimum repayment amount is paid, no bad record will be left. The bad record is only due to overdue, as long as the money is paid back every period.

How much is the credit card interest?

In general, the daily interest rate of credit card interest expense is five ten thousandths, that is to say, the monthly interest rate of 1 000 yuan is about 1, 500 yuan.

1. Credit cards are generally repaid in full and on time without interest. In addition, the overdraft is subject to the existing interest and handling fee, and the interest is calculated on a daily basis, which is also five ten thousandths. A handling fee of 0.5% will be charged from the date of cash collection (minimum 2 yuan per transaction). You can control the credit card consumption and repay it on time every month, and the credit card can always be interest-free. You just need to refund the bank amount you spent. If loans overdue fails to repay the loan in full, without interest, the bank will charge interest soon.

Credit card interest is calculated from the date of purchase. Interest is charged at 5% per day and compounded monthly. That is to say, if you don't pay interest this month, you will start to accumulate interest next month. In addition to interest, repayment on time by credit card will also generate some other expenses, such as late fees. Cardholders should pay attention to the cost standard of credit cards when using them. Credit cards are generally repaid on time, and full repayment is interest-free. Credit card can control the repayment on time every month. Credit cards can always be interest-free, and only refund the bank amount you spend, without interest.

If there is demand, I recommend that you spend money. Qianhua is a credit service brand owned by Du Xiaoman Finance (formerly known as Baidu Qianhua, renamed as "Qianhua" on June 20 18). The brand is trustworthy and the interest rate is low. The money is spent-full of easy loans, the maximum loan amount is 200 thousand, and the daily interest rate is as low as 0.02%

So much for the introduction of credit card repayment interest.