The card limit is 60,000, and the payment is 60,000 that month. The payment is the lowest before the repayment date, and it is paid off in 6 days after that. How is the recurring interest of more than 1,000 calculated? How much do you have to pay if you haven't paid it off?

If you choose the minimum monthly payment for your credit card, the interest will be charged at a daily interest rate of 0.05%. The calculation formula for charging interest is: 0.05% of the principal, the number of days from the consumption date to the repayment date of the current period, and the unpaid amount of 0.05% of the principal, the number of days from the repayment date of the current period to the next bill date.

For example, the 5th is the billing day, the 23rd is the repayment day, the amount due on the bill on March 5 is 1,000 yuan, and the minimum repayment is 100 yuan on the repayment day, then on the next repayment day The previous interest was 17.85 yuan.

At the same time, the minimum monthly repayment interest on the credit card will be compounded monthly until the cardholder pays off the balance in full. Because you choose the minimum repayment, the interest rate is actually very high. Unless there are special circumstances, it is better to repay the loan in full on the repayment date.

How much does it cost to repay 60,000 yuan in 24 installments with an Agricultural Bank of China credit card?

Use an Agricultural Bank of China credit card to spend 60,000 yuan and repay in 24 installments. The monthly repayment is: 2908 Yuan, installment payment does not include interest and is directly calculated as the installment handling fee. The handling fee is calculated at 0.6%. The handling fee for the month will be charged together with the monthly bill.

There are two main situations in calculating credit card interest:

1. Cash withdrawal interest:

After using a credit card to withdraw cash, the bank will charge cash withdrawal interest on the cash withdrawal part. The daily interest rate is 4/10,000, and the calculation formula is: cash withdrawal interest = 0.05% of the number of days of cash withdrawal.

2. Minimum repayment interest:

After applying for the minimum repayment amount, the bank will charge minimum repayment interest on the remaining unpaid portion, and the daily interest rate is also 10,000 4. The calculation formula is: Minimum repayment interest = 0.05% of the minimum repayment period.

Extended information

The term "credit card" originally refers to the financial product introduced in this post. However, because there were no credit cards or even debit cards with any credit card functions in China in the past, Popular. Therefore, real credit cards can only be given the nondescript name of "credit card". A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), and joins VISA, MASTER, JCB and other international credit card organizations to benefit the world. Universal.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world. In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

China's credit card market is still one of the fastest growing product lines in China's personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, China's credit card issuance will continue to grow in the next 10 years. The average annual growth rate will remain at around 14%.

How much is the handling fee for paying 60,000 points in 12 installments with this credit card? How much is the repayment in each installment?

The interest rate for a China Merchants Bank credit card of 6,000 yuan in 12 installments a year is about 432 yuan. Approximately, the total *** repayment is 6,432 yuan

According to the credit card application contract, use China Merchants Bank credit card to consume first and then repay. As long as you repay in full before the last repayment date shown on the bill, your credit card Consumption will not accrue interest. If the repayment is not made in full, the number of days for interest accrual from the recording date of each account to the date the account is paid off will be the interest accrual rate in the current bill, and the daily interest rate will be 5/10,000.

For example: A cardholder’s bill date is the 7th of every month. He spends 2,000 yuan by swiping his card on April 1st. The consumption is credited to his account on April 2nd and will be displayed on the bill on April 7th. The "repayable amount for this period" is 2,000 yuan, and the "minimum repayment amount" is 200 yuan.

If the cardholder only repays 200 yuan on April 25, the due payment date, the interest to be paid as of that day will be shown on the bill on May 7, that is, the 23-day interest and repayment of the 2,000 yuan revolving credit principal. 13-day interest on the remaining 1,800 yuan principal: 2,000 yuan × 0.05% × 23 days (April 2-April 24) 1,800 yuan × 0.05% × 13 days (April 25-May 7) =23 yuan 11.7 yuan =34.7 yuan.

However, unlike consumption first and repayment later, credit card cash advance does not enjoy interest-free repayment. From the day of withdrawal to the date of settlement, interest will be charged at a daily interest rate of 0.5%. Compound interest is earned on a monthly basis.

The interest calculation rules for China Merchants Bank credit cards are as follows:

1. China Merchants Bank credit card holders must repay the entire amount due from the bank accounting date to the due repayment date (inclusive) , consumer transactions that can enjoy interest-free treatment, this period is called the interest-free repayment period; the due date for China Merchants Bank credit card repayment is generally around the 18th day after the bill date (as shown on the bill). The repayment grace period is 3 calendar days after the due date of China Merchants Bank credit card payment.

2. If the cardholder has insufficient repayment in the current period, and the unpaid amount does not exceed 10 yuan or 1 US dollar, no additional interest and late payment fees will be charged for consumer transactions that can enjoy interest-free treatment; < /p>

3. If the cardholder fails to repay in full before the due payment date (only pays the minimum repayment amount or above), China Merchants Bank will charge a certain recurring interest on all your consumption amounts in the current period; The recurring interest of China Merchants Bank's credit card is based on the amount of each purchase in the bill as the interest principal. The interest is calculated from the date the account is recorded to the date the account is paid off. The daily interest is 5/10,000. The interest rate is calculated and applied to the next bill repayment amount.

4. If the cardholder fails to repay before the due payment date or the repayment amount is lower than the minimum repayment amount, China Merchants Bank will charge a certain amount of recurring interest and late payment fees on all your consumption amounts in the current period. . The late payment fee for China Merchants Bank's credit card is calculated based on 5% of the unpaid portion of the minimum repayment, with a minimum charge of RMB 10 or USD 1

What is the minimum monthly repayment for a credit card with a payment of RMB 60,000< /p>

Hello, the minimum repayment amount = 10% of all general transactions in the credit card account 100% of the single-period amount of all outstanding installment transactions in the account 100% of the minimum repayment amount of the previous period 100% of the unpaid portion exceeds the account 100% fee and 100% interest on all amounts used on the credit line. If you are short-term, you might as well try Youqianhua. "Youqianhua" is the original Baidu financial credit service brand (original name: Baidu Youqianhua, changed its name to "Youqianhua" in June 2018). It is positioned to provide financial services to the public. Personal consumer credit services, creating innovative consumer credit models. Relying on Baidu's technology and scenario advantages, "Youqianhua" uses artificial intelligence and big data risk control technology to provide users with convenient, fast and secure Internet credit services. The application materials are simple and the fastest is 30 seconds for approval, and the fastest is 3 minutes. Loans. You can repay in advance, and after repayment, the amount can be restored and you can borrow money on a recurring basis. It has the characteristics of easy application, fast disbursement, flexible borrowing and repayment, transparent interest and fees, and strong security. I hope this answer is helpful to you. Click below on your mobile phone to measure your balance immediately! The maximum borrowing amount is 200,000.

How much does it cost to repay 24 installments of 60,000 yuan per month with China Merchants Credit Card?

After the bill installment application is successful, the principal of each installment is: 2,500 yuan, and the handling fee for each installment is: 408 yuan. Total period repayment: 2908 yuan. The handling fee rate for each of the 24 periods is 0.68%.

Handling fee per period = total installment amount × handling fee rate per period. The total principal amount of the installment is amortized evenly on a monthly basis, and the remainder is included in the last installment. The installment amount of each installment and the handling fee of each installment are recorded at the same time.

If you apply for a credit card "bill installment", a handling fee will be charged. Our bank provides cardholders with personalized options of 2, 3, 6, 10, 12, 18, 24 and 36 issues. The single-issue handling rate is 0%~1.67%. The actual The rate and number of periods are subject to the system evaluation results of the application order

This is the end of the introduction on how to calculate the credit card payment of 60,000.