At that time, I owed more than 200 yuan. After 11 years, due to interest issues, the 200 yuan increased more and more, and finally rose to 30,000 yuan.

Credit card overdraft interest will be calculated at a daily interest rate of 0.5/10,000 within 15 days from the date of signature or bank accounting date (including the current day), and a daily interest rate of 10/10,000% for more than 15 days, and a daily interest rate of 10.00% for more than 30 days. Or if the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.

Take a card purchase of 50,000 yuan as an example. If there is a period of 45 days from the accounting date to the repayment date, and the cardholder repays 40,000 yuan on the repayment date, the remaining 10,000 yuan has not been repaid on time. If you hold a card from China Construction Bank or China Merchants Bank, the interest will be calculated based on 50,000 yuan at a rate of 50,000 yuan per day, and you will have to pay overdraft interest of 1,125 yuan within 45 days.

Extended information:

Notes on using credit cards:

1. Repay on time: If the debt is not paid off on time, it will affect your credit. records, and penalty fees for delay will also be charged.

2. Consumption diversification: You can swipe your card for consumption in places you don’t use, such as restaurants, shopping malls, etc.

3. Don’t swipe your card at intervals that are too short: the frequency of swiping your card should not be too frequent. If the card swiping action is abnormal, it will be easy for the bank to carry out risk control.

Baidu Encyclopedia-Credit Card Overdraft

Baidu Encyclopedia-Credit Card Repayment

China News Network-Credit Card Charges Partial Repayment Overdraft Interest Difference