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How to calculate the overdue interest on CCB credit card? The bank said it would charge 0.05%

Interest for overdue repayment of CCB credit cards is charged at 0.5%.

Details:

1. The overdue interest on CCB credit card is calculated based on 50,000 points, that is, the overdue amount is multiplied by 50,000 points as the interest. For example, if the overdue amount is 1,000 yuan, the interest is 1,000 yuan multiplied by 0.0005, which is 5 yuan.

2. This calculation method is relatively simple and clear, suitable for overdue repayment in most cases, and does not require complex interest rate calculation formulas.

3. The bank set the overdue repayment interest rate at a ratio of 0.5%, which may have taken into account factors such as risk and cost, and also complied with the regulatory requirements for banking business.

Summary:

Interest for overdue repayment of CCB credit cards is charged at 50,000% of the overdue amount. This is a simple and clear calculation method that is suitable for overdue payments in most cases. Repayment.

Extended information:

In addition to overdue repayment interest, overdue credit card repayments may also incur late fees and other fees. The calculation method of late payment fees is usually determined based on the number of overdue days and overdue amount, and each bank may have different regulations. Therefore, in practice, it is also necessary to check the specific credit card terms and conditions to understand how all relevant fees are calculated.