At present, ICBC's credit card is one of the few interest-bearing methods in China that does not take full penalty interest. What is the full penalty interest? When all overdraft debts are not repaid every month and only the minimum repayment amount is paid (generally 65,438+00% of the amount payable in the current month), the bank will not only charge interest on the unpaid part of the current month from the repayment date to the billing date, but also charge interest on the total repayment amount at the rate of 0.5 ‰ per day. This is not the case with ICBC, which only pays interest on the unpaid part.

Credit card withdrawal is to charge five ten thousandths of the principal as interest every day from the day of withdrawal. The monthly settlement date is 1. From now on, the interest generated after your withdrawal will be used as the principal. Credit card monthly repayment consumption does not bear interest. The 25th of each month is the repayment date of ICBC, and last month's consumption can be returned before 25th of next month. If the loan is not repaid after 25th, penalty interest and late fee will be deducted. The penalty interest is 0.5 ‰ of the total loan amount from the date you consume the loan, and the late payment fee is 5% of the total minimum repayment amount (minimum 1 yuan, maximum 500 yuan). The minimum repayment amount is 65438+ 00% of the repayment you need this month.

It is suggested that if there is a credit card withdrawal last month, you should pay more money when you repay it next month, because the bank will repay the interest on the withdrawal first and then the interest on the minimum repayment amount. Avoid generating interest unconsciously, and you can pay back more money every month.

The installment fee of ICBC's credit card is the average of paying the first installment and then repaying the principal in each installment. The handling fee rate for the third installment is 1.65%, the handling fee rate for the sixth installment is 3.6%, the handling fee rate for the first installment is 7.2%, and the handling fee rate for the 24th installment is 15.6%. There is no interest, only the handling fee.