My credit card consumption is 3500 and I can withdraw 3500 in cash. Excuse me, does anyone know what the minimum payment is on the bill date? How is interest calculated? Minimum payment

Except for ICBC credit cards, a handling fee of RMB 17 or RMB 35 will be charged for a cash withdrawal of RMB 3,500, which is 0.5 or RMB 1.

The interest for a cash withdrawal of RMB 3,500 is calculated at a daily interest rate of RMB 50,000 per day, every day The interest is 1.75 yuan

If you can apply for cash installments in online banking with cards from some bank branches in some areas, the annual interest rate is around 7 and the monthly interest rate is less than 7‰, and the monthly interest for withdrawing 3,500 yuan in cash is less than 24.5 yuan. However, the minimum period is three months

Consumption of 3,500 yuan

ICBC credit card installment rate (the lowest in the country)

1.03 for 3 periods, 1.8 for 6 periods, 9 issues 2.75, 12 issues 3.58, 18 issues 5.36, 24 issues 7.05

The minimum spending per card swipe is 600 yuan, and you can apply for installment payment

The handling fee is a one-time payment for the first installment. Pay off

Repay the principal evenly every month

Assume that the principal is paid off in 12 installments a year

Handling fee = 3500*3.58=125.3 yuan

Monthly principal repayment = 291.66 yuan

Total handling fee for the first principal repayment = 291.66 125.3 0.08 = 417.04 yuan

The monthly rates of other banks are basically It is about 0.6-0.72

Pay monthly handling fee