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How to calculate the annual interest rate of credit card?
If the annual interest rate is converted, the formula is: annual interest rate = daily interest rate =0.5= 18.5%.

Generally speaking, the real interest rate of credit card installment payment will be much lower than the annualized interest rate, which is why when many people apply for credit card installment payment business, the actual annualized interest rate is very vague because of the little data in these two parts, and the pressure of overdue repayment is a very negative obstacle.