How is the interest calculated for Ping An Bank’s credit card?

No interest will be charged for credit card repayments within the interest-free period. Interest will only be charged if the payment is overdue after the repayment date or the minimum repayment amount is repaid before the repayment date.

Take a credit card debt of 10,000 yuan as an example, and calculate the fees incurred by normal repayment, overdue repayment, minimum repayment, etc., including late payment fees, handling fees, interest, etc.

Xiao Ming consumed 10,000 yuan on March 31, and the 1st of each month is the bill date. Xiao Ming received the April bill in early April. The bill shows that the balance of the previous period is 0, and there is only one overdraft consumption of 10,000 yuan in this period. The due date for repayment in this period is April 25, the amount of repayment in this period is 10,000 yuan, and the minimum repayment amount is 1,000 yuan.

1. If Xiao Ming can repay all 10,000 yuan on April 25, then Xiao Ming will not incur any interest charges in this period, and of course there will be no late payment fees.

2. If Xiao Ming chooses to repay 9,000 yuan on April 25. This amount obviously exceeds the minimum repayment amount of 1,000 yuan, so according to the credit card regulations, Xiao Ming will not incur late payment fees. However, the requirement for full repayment was not met. Xiao Ming needs to pay the necessary interest. This overdraft interest includes two parts:

A: 10,000 × 0.05 × 26 days (March 31 to April 25) = 130 yuan

B: 1000×0.05×5 days (April 26 to April 30) = 2.5 yuan

The above interest totals 132.5 yuan.

The interest fee of 132.5 yuan will be reflected in Xiao Ming’s bill in May.

Since he was unable to repay in full, Xiao Ming needs to calculate interest in full from the date the bank confirms the consumption until the actual repayment date; after that, Xiao Ming needs to calculate the remaining unpaid portion again. Interest.

3. If Xiao Ming is really short of money on April 25 and can only repay 500 yuan, then Xiao Ming will not only have to pay late payment fees, but also need to bear interest.

Late fee: (1,000-500 yuan repaid)×5=25 yuan;

Overdraft interest: 10,000×0.05×25 days (March 31 to 4 (Month 25th) 9500×0.05×5 days=153.75 yuan.

The total amount of the above two parts will be reflected in Xiao Ming’s next bill.

According to the commercial bank credit card regulations, as long as the repayment amount is lower than the minimum repayment amount, the cardholder needs to pay a late payment fee based on 5% of the portion of the minimum repayment amount that cannot be repaid. The calculation reason for interest expense is exactly the same as 2 above.

4. Assume that Xiao Ming repaid 9,000 yuan on April 25 and did not make any consumption after that. What is the amount of Xiao Ming’s bill in May? Xiao Ming’s bill for May should include the following parts:

A: The remaining consumption principal is 10,000-9,000=1,000 yuan;

B: The balance of the previous period is not enough The consumer interest generated by the repayment is 132.5 yuan;

C: (interest on the last period’s bill is 132.5 yuan, remaining principal 1,000) × 0.05 × 31 days (May 1 to May 31) = 157.40 Yuan.

Special explanation for C above. According to the credit card regulations, interest accrued due to overdraft is calculated at 0.5% per day and compounded monthly. Since Xiao Ming did not repay the loan in full in April, the interest accrued from bank funds occupied due to the incomplete repayment in April will need to be compounded in the next month's bill.

Assume that Xiao Ming borrows 10,000 yuan, and the interest is calculated according to the daily 0.5% mentioned in the credit card terms, and the interest is compounded monthly. Then Xiao Ming’s total *** needs to be repaid after one year (calculated based on 360 days in a year, 30 days per month, assuming there is no repayment in the middle, not considered):

10000×(10.05×30 days)12 =11,956.18 yuan

The equivalent annual interest rate is 19.56.

What is the interest rate for the NT$19,000 reserve fund of Ping An Bank's credit card?

The interest rate for the reserve fund of Ping An Bank's credit card is related to the number of installments you choose. If the number of installments is different, the installment fee will be different. Different, and the interest will naturally be different.

And the rates also vary from person to person. Generally, the better the qualifications, the lower the rates can be. For example, the rate for each period of 6 installments is generally between 0.62 and 0.89; while the rate for each installment of 12, 18, and 24 periods is usually between 0.64 and 0.83.

Suppose I apply for a 10,000 yuan Ping An Credit Card reserve fund, divided into 6 installments, and the rate for each installment is 0.62, then the total interest I need to pay is: 10,000 ×0.62×6=372 yuan.

Special consumption reserve fund means that in order to meet the consumption needs of the main cardholder, Ping An Bank provides cardholders with a small consumption reserve fund through active invitation, which can be repaid in installments. The principal and a certain amount of handling fees.

How to calculate the interest of Ping An Bank’s credit card?

Ping An’s credit card interest:

1. Cash withdrawal interest: If you withdraw cash with Ping An Bank’s credit card, the cash withdrawal interest is based on the amount of cash withdrawn and Calculated over time, interest will be charged at 50,000% of the cash withdrawal amount every day since the cash withdrawal, and compound interest will be calculated monthly until all is paid off.

For example, if you withdraw 1,000 yuan in cash and repay it after 10 days, the interest will be: 1,000×0.05×10=5 yuan.

2. Installment interest: If you apply for installment payment or installment repayment business for your Ping An Credit Card, then the installment interest will be based on your installment number, installment amount, and installment rate. to calculate. The rates are also different depending on the number of installments. Ping An Credit Card can be divided into 3, 6, 12, 18 and 24 installments, and the corresponding installment rates for each installment are 0.85, 0.80, 0.75, 0.75 and 0.72 respectively. For example, if you apply for the installment repayment business for your Ping An Credit Card in 3 installments, and the installment amount is 1,000 yuan, then the interest will be: 1,000 × 0.85 × 3 = 25.5 yuan.

3. Repayment interest: When repaying a Ping An credit card, in addition to installment repayment, it means full repayment and minimum repayment. No interest will be charged for full repayment. Interest will be calculated on the minimum repayment from the accounting date. Interest will be calculated at a daily interest rate of 0.05% every day, and compound interest will be calculated monthly until all is paid off.

However, it should be noted that the minimum repayment interest is calculated in stages. From the accounting date to the repayment date, the interest is calculated based on the entire principal, and the due repayment date During the period until it is fully paid off, interest will be calculated based on the unpaid amount.

Ping An Credit Card can be used to withdraw cash, but cash withdrawals require payment of handling fees and interest, among which:

1. When withdrawing cash from domestic ATMs with the UnionPay logo, Ping An Credit Card needs to be charged for each transaction There is a cash withdrawal fee of RMB 2.5, and a minimum of RMB 25 per transaction is charged;

2. When using Ping An Credit Card to withdraw cash overseas through MasterCard, JCB, or Visa, a cash withdrawal fee is required for each transaction. The minimum charge is US$5 per transaction;

3. After withdrawing cash, you will also need to pay daily interest charged at the daily interest rate of 5/10,000.

How much is the interest in 12 installments of 10,000 yuan?

If the credit card has 12 installments of 10,000 yuan, if the handling fee for each installment is 0.66, the handling fee is: 10000x0.66x12=792 yuan, which is It is a handling fee to be paid for a total of 12 installments. There is no interest in the installments, only handling fees.

Cash withdrawals using credit cards cannot be paid in installments and do not enjoy interest-free payment. Different banks have different interest charging standards for credit card cash withdrawals, and the interest charging standards for domestic and overseas cash withdrawals are also different, with monthly charges.

Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawals mainly include overdraft cash withdrawal and overpayment cash withdrawal.

Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require payment of part of the handling fee, depending on the regulations of each bank. Not only will there be a handling fee for withdrawing cash, but interest will be charged from the date of withdrawal until it is paid off in full. When a credit card is issued, there will be a billing date and a repayment date.

Interest will be credited to the day before the repayment date, and the unpaid portion will be credited to the day of the statement. When making monthly repayments, interest and handling fees are given priority, followed by the minimum repayment amount. The unpaid portion and the portion exceeding the credit limit, the unpaid consumption balance and cash advance balance are calculated as 10.

Ping An Credit Card charges a fixed fee in installments and there is no interest.

Currently, Ping An Credit Card has launched bill installments and single consumption installments.

The number of bill installments and handling fee rates are as follows:

6[0.68, 0.90 ], 9[0.66, 0.87], 12[0.64, 0.85], 18[0.62, 0.84], 24[0.60, 0.84].

The number of installments and handling fee rates for a single consumption are as follows: 3 periods [0, 1], 6 periods [0, 1], 12 periods [0, 1], 18 periods [0, 1] ], Issue 24 [0, 1].

For example, the handling fee for 12 installments of 10,000 is expected to be 83 RMB per month, and the total handling fee is 996. The specific handling fee will be shown at the time of application.

1. Bill installment application time: The deadline for bill installment application starts from the day after the bill is issued, and can be applied until the 1st of the due repayment date. For example: the customer issues the bill on the 5th of each month, that is, from 6 to 24 You can apply on any day.

2. Single consumption installment application time: from the day the card is swiped to the latest bill date. For example: the customer bill date is the 5th and the consumption is the 23rd, that is, the 23rd to the 5th of the following month. Apply.

3. After handling the installment business, the amount of each installment is the principal of the installment, which is evenly distributed to the monthly bill according to the number of installments. If there is any remainder, it will be collected in the first installment. The handling fee is charged for each period, and the handling fee rates are different for different periods. The installment amount and handling fee for each installment will appear on your monthly bill. You only need to pay off the bill in full on time before the payment due date.

The application method is as follows:

1) After logging into the New Pocket Bank APP, click: Credit Card - More - Installment Loan, and apply according to the prompts;

2) Log in to the following link: Ping An Credit Card Online Banking; and click "Instalment Management" in the operation interface.

Interest on Ping An Bank credit cards

If credit card consumption is repaid in full and on time according to the bill, the consumption will not incur charges; if the credit card bill is not repaid in full and on time, interest will accrue: The interest is Interest is calculated on a transaction-by-transaction basis for each consumption in the bill. Generally, from the second day of swiping the card until the transaction is repaid, it is calculated at 0.05 per day. For example, if it is 10,000 yuan, the daily interest is 5 yuan; if you need to consult For Ping An Bank's credit card business, you can click on the link below and select the online customer service icon - Credit Card in the upper right corner of the homepage or follow Ping An Credit Card's WeChat public account (paxyk95511) for consultation.

How much is the interest for a 12-month loan from Ping An Bank?

The monthly interest payment is 908 yuan.

Ping An Credit Card is divided into 3, 6, 12, 18 and 24 installments, and the corresponding installment rate for each installment is 0.850.800.750.750.72.

The repayable amount in each installment = the total installment amount ÷ the number of installments (the remainder will be recorded in the first installment repayment amount) the total installment amount × each installment handling fee.

This ends the introduction about the interest rate of 10,000 Ping An Credit Card and the interest rate of 20,000 Ping An Credit Card. Have you found the information you need?