Current location - Trademark Inquiry Complete Network - Overdue credit card - How much is the credit card processing fee of 100,000?
How much is the credit card processing fee of 100,000?

When it comes to credit card cash withdrawal fees, taking China Guangfa Bank as an example, its handling fee and interest calculation methods have a significant impact on the total fee. First of all, assuming you cash out 100,000 yuan from Guangfa Bank's credit card, the handling fee is 2.5, that is, you need to pay 2,500 yuan for every 100,000 yuan you withdraw. If the amount is only used for 30 days, the interest will be calculated based on 50,000, that is, 100,000 times 0.0005 times 30 days, which is approximately 1,500 yuan. The two fees add up to a total of 4,000 yuan, including handling fees and interest.

However, if the cash withdrawal funds are occupied for one year, the interest will rise to 100,000 times 0.0005 times 365 days, which is about 18,000 yuan. At the same time, Guangfa Bank will have additional handling fees for the minimum repayment amount for cash withdrawals, and you need to pay 3,000 yuan for every 12 minimum repayments. Therefore, after one year, in addition to the initial handling fee of 2,500 yuan, plus the interest of 18,000 yuan and the minimum repayment handling fee of 3,000 yuan for cash withdrawal, the total cost is 23,000 yuan, which is equivalent to an annual interest rate of 23.5. Therefore, the total cost of cashing out 100,000 by credit card will vary depending on the length of use and specific bank regulations.