Credit card interest transaction is simply cash withdrawal interest and repayment interest. Cash withdrawal interest shall be charged at 0.05% per day from the date of cash withdrawal transaction until it is paid off. Repayment interest means that when the credit card bill is not repaid in full and on time, the bank will charge interest of 0.05% per day until the debt is paid off.

Credit card interest:

Normal credit card consumption will not generate interest. Generally, interest will be charged in two cases. One is to withdraw cash by credit card, which needs to be paid to the bank on a daily basis, and the interest of the month ends at the billing date. That is, how many days does the cardholder need to calculate the interest from the credit card withdrawal date to the billing date? The interest generated from the billing date to the repayment date is included in the next bill, and it is compounded monthly with a daily interest rate of five ten thousandths.

One is that the credit card consumption is overdue, or the repayment is not in full, and the remaining unpaid debts no longer enjoy the interest-free period. Interest is also calculated at a daily interest rate of five ten thousandths, which is calculated one by one from the date when the consumption is recorded until it is paid off.