When the credit card holder does not use the credit card directly for personal reasons, but changes the amount in the credit card into cash and takes it out through ATM or bank counter, the current behavior of the credit card occurs. If the user chooses to withdraw cash by credit card, the bank will certainly charge a handling fee and interest. So what's the daily interest rate for credit card withdrawal? Let me tell you something.
At present, cardholders can only withdraw cash which accounts for 50% of the quota, and they will also charge a certain handling fee, with a minimum of 10 yuan. Interest is calculated from the date of withdrawal. Under normal circumstances, banks charge a daily interest rate of 0.5% for credit card withdrawals, and compound interest on a monthly basis.
For example, if your credit card limit is 6.5438+0.5 million, then your withdrawal limit is at most 7,500 yuan; The handling fee charged according to 1% is 1500 yuan; The monthly withdrawal interest of 150000 is150000305/10000 = 2250 yuan.
If the debt is not paid off next month, the interest of the first month will be included in the principal of the second month according to the principle of monthly compound interest. At this time, the interest you need to pay is (1500002250) 305/10000 = yuan. And so on every month until the cardholder repays.
It should be noted that the repayment date of the second month after withdrawal should at least reach the minimum repayment amount, and the interest should be paid off in full.
Related introduction
From credit card transfer to savings card, the result is different.
Is credit card transfer a cash withdrawal? They are the same thing.
In short, five ten thousandths is the daily interest rate of credit card withdrawal commonly used by all banks. If you don't introduce a card friend to withdraw cash unless you have to, it will not only have a low quota and a high handling fee, but also be easy to roll interest, which will bring a relatively large repayment burden. To reduce the repayment burden, you can choose
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How to calculate credit card interest?
In general, the daily interest rate of credit card interest expense is five ten thousandths, that is to say, the monthly interest rate of 1 000 yuan is about 1, 500 yuan.
1. Credit cards are generally repaid in full and on time without interest. In addition, the overdraft is subject to the existing interest and handling fee, and the interest is calculated on a daily basis, which is also five ten thousandths. A handling fee of 0.5% will be charged from the date of cash collection (minimum 2 yuan per transaction). You can control the credit card consumption and repay it on time every month, and the credit card can always be interest-free. You just need to refund the bank amount you spent. If loans overdue fails to repay the loan in full, without interest, the bank will charge interest soon.
Credit card interest is calculated from the date of purchase. Interest is charged at 5% per day and compounded monthly. That is to say, if you don't pay interest this month, you will start to accumulate interest next month. In addition to interest, repayment on time by credit card will also generate some other expenses, such as late fees. Cardholders should pay attention to the cost standard of credit cards when using them. Credit cards are generally repaid on time, and full repayment is interest-free. Credit card can control the repayment on time every month. Credit cards can always be interest-free, and only refund the bank amount you spend, without interest.
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Special attention: withdraw cash in full as soon as possible after the quota is issued, because risk control is dynamic.
It's best to put forward all the suggestions on demand. The risk control system will mistakenly think that you don't need this fund, which will lead to the failure of withdrawal. At least 60% is safer. Support early settlement of repayment after the first installment.
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How to calculate the credit card interest?
The interest-free period for normal credit card consumption is 20-50 days. If the bill is paid in full within the interest-free period, there is no interest. Credit cards charge interest according to the Management Measures for Bank Card Business of the Central Bank, with the interest of 0.05% per day, that is, the annual interest is 18.25%.
0 1
What does the daily interest rate of 0.05% mean?
This means that five ten thousandths, or 10000, will receive 5 yuan interest every day. If 1000, it is 0.5 yuan every day. So after one month, the bill of 10000 is the total interest of 150 yuan.
If 5000 yuan has been paid back this month, how to calculate the interest next month? Next month is to calculate the remaining unpaid part, that is, unpaid 50000.05%=2.5 yuan/day. A month in 75 yuan.
02
How to calculate interest by credit card installment?
There is no interest on credit card installment, but there will be a handling fee, which is not low.
Most banks' installment fees are calculated according to the total installment amount, not according to the remaining principal, so don't subconsciously feel cheap when you see lower fees. The actual interest rate of installment payment is about twice the bank advertising rate.
03
How to calculate the handling fee for credit card withdrawal?
Generally speaking, the bank's credit card withdrawal fee is mostly between 1% and 3% of the withdrawal amount, and the credit card withdrawal fee is between 300 yuan and 10000 yuan. Of course, there are also some credit cards that charge by the pen.
In addition, there is no interest-free period for credit card withdrawal, so the bank will not only charge a handling fee for credit card withdrawal, but also charge you interest at a certain interest rate. Most banks will charge you interest at a daily interest rate of 0.5 ‰. If 6,543,800 yuan is withdrawn, the daily interest will be 5 yuan, and the monthly interest will be compounded.
04
Is the interest and loan ratio of credit card high or low?
Credit card charges sometimes give you a daily interest rate. Many friends who don't know the details don't know if such a low interest rate is really acceptable. In fact, you can get your annualized interest rate by multiplying the daily interest rate by 365. The general situation is as follows.
When the credit card chooses the minimum repayment amount or is overdue, interest will be charged at the rate of five ten thousandths per day. When the current interest rate is 0.05%365= 18.25% and the annual interest rate of bank loans is about 5%, the interest on credit cards is actually very high. If you don't enjoy the interest-free service of credit card, you need to pay a high interest fee.
However, compared with online loan products, the interest rates of most online loan products are 18%-36%, so even if credit cards charge interest, it is within a reasonable range. Once the credit card is charged with interest, the use cost will be very high. Please don't overdraw your consumption, lest you get too much debt.
This is the end of the introduction of credit card daily interest rate and credit card daily interest rate of 005%. I wonder if you found the information you need from it?