The interest generated by Ping An Credit Card is as follows:

1. Cash withdrawals from Ping An Credit Card do not enjoy the interest-free period, and the interest is based on the daily interest rate of 0.05% from the date of the cash withdrawal transaction. Interest is calculated daily and compound interest is calculated monthly. The interest is calculated until the repayment date.

2. If the payment is not repaid in full on time, ordinary card consumption will not enjoy the interest-free treatment. Interest will be calculated for each transaction starting from the accounting date, with a daily interest rate of 0.05% until that time. until the date the account is settled.

The interest charged on the monthly repayment of a credit card is related to the cardholder's use of the card and repayment method. There are three common situations, and the interest calculation methods are different.

1. Insufficient repayment in the last period: There are often cardholders who are not overdue, but have not repaid all the outstanding balances. Some have only repaid the minimum amount, or more than the minimum amount. As long as they have not repaid the amount, If the debt is more than 10 yuan (many banks have tolerance services within 10 yuan), interest will be calculated in full from the day the transaction is recorded, and the daily interest rate will be 0.05%, which will be included in the next period's bill.

2. Credit card cash withdrawal in the last period: Credit card cash withdrawal will generate interest, and this interest is calculated in two parts, one part is calculated from the day of cash withdrawal to the repayment date, and the other part is calculated from the repayment date to the next The billing date of one period will be included in the balance of the next period's bill, and interest will be calculated on a daily basis, with a daily interest rate of 0.05%.

3. Apply for credit card installment: There are two types of credit card installment: consumption installment and bill installment. No matter which installment method is used, part of the principal and handling fee must be repaid every month after the application is successful. It can be regarded as charging interest on a monthly basis. The monthly rate is determined by the number of installments, ranging from 1% to 0.75% per installment, depending on the bank.

Credit cards are not used for loans. Credit cards are used for consumption. After swiping the card for consumption, the bank will settle the account with you once every month on the bill date. You must pay off the debt 20 days after the bill date (20 days is the scheduled repayment date for Ping An Bank). No charges will be collected during this period. Interest. But if you use a credit card to withdraw cash, not only will there be no interest-free period, but you will also be charged an interest rate of 0.05% per day, which is the same for all banks.