The interest calculation method of credit card is closely related to the repayment status. If the cardholder repays the balance on time and in full on the statement date, he or she will enjoy interest-free treatment and only pay the consumption amount without interest. However, once an overdraft withdrawal occurs, the bank will charge a daily interest of 0.5% from the day the cash is withdrawn, and will also charge a minimum handling fee of 2 yuan per transaction.

If the repayment is not made on time and in full, the interest will be calculated from the date of consumption and compounded on a daily basis. This means that the unpaid interest will accumulate to the next month, forming a greater debt burden. . In addition, in addition to interest, overdue repayments will also incur additional fees such as late payment fees. Therefore, when using a credit card, be sure to pay attention to relevant fee regulations to avoid unnecessary expenses.

When a credit card is overdue, interest will be calculated based on 50,000% of the overdue amount. For example, if one day is overdue, a consumption of 10,000 yuan will incur a penalty interest of 5 yuan. Cash withdrawals will also accrue interest, and the interest rate is 50,000 yuan per day. The handling fees vary from bank to bank, but the interest part is also 5 yuan per day of the cash withdrawal amount. For installment repayment, although it can alleviate short-term repayment pressure, it will incur handling fees. The longer the time, the higher the handling fees, which is part of the bank's credit card business income.

In general, understanding the repayment rules and fee structure of credit cards is crucial to using credit cards rationally. I hope the above information can help you better manage your credit cards and avoid unnecessary interest payments.