What does 1.CGB credit card interest mean?
The consumption interest of Guangfa Credit Card means that the user has not paid off the credit card bill in full. The interest is calculated at the daily interest rate of 0.05% from the entry date, and compound interest is charged monthly. In fact, it is easier to understand that users can enjoy the interest-free service of credit cards if they repay in full and on time, and interest will be charged on the overdue repayment and the minimum repayment amount on a daily basis. If users don't want to pay consumer interest, the best way is to repay them in full. Of course, if they don't have enough repayment ability and don't want to be overdue, it is also good to choose the minimum repayment amount.
Second, there is no need to pay interest:
1. There will be no handling fee for direct consumption by credit card.
2. Credit card repayment has an interest-free period, during which there is no need to pay any handling fee and interest.
Three. Interest payment:
1. Credit card withdrawal requires interest, which is calculated from the day of withdrawal.
2. Payment by installment with credit card requires a handling fee. Each bank has different periods and interest. Please visit official website or call customer service for details. (The interest here refers to the handling fee rate)
3. Credit card overdue repayment.
At present, most banks use full interest, that is, if the cardholder fails to pay off all debts on the due repayment date, the interest will be calculated according to the total consumption, that is, from the date of consumption to the date of full repayment, the cyclic interest will be calculated at five ten thousandths per day. At the same time, the cardholder has to pay a late fee, accounting for 5% of the unpaid minimum repayment amount. The specific calculation formula is: late payment fee = (minimum repayment amount-the amount repaid before the due repayment date) ×5%, with minimum and maximum limits.
Note: Cash advance fee of banks in China:
ICBC's local banks don't charge fees.
65438+ 0% of the cash withdrawal amount of China Everbright Bank
1% of the transaction amount of Agricultural Bank, with a minimum of 1 yuan.
0.5% of the cash withdrawal amount of CCB, with the lowest 2 yuan RMB and the highest 50 yuan.
65,438+0% of the transaction amount of China Bank, the minimum cash withdrawal from ATM is 8 yuan, and the minimum cash withdrawal from the counter is 65,438+00 yuan.
China Merchants Bank advances 1% cash, and the minimum charge is 10 yuan RMB (the down payment of city series credit cards is free of charge).
65438+ 0% of the transaction amount of Bank of Communications, with the minimum 5 yuan RMB per transaction (new standard).
65,438+0% of the transaction amount of Ping An Bank, with a minimum of 65,438+00 yuan per transaction (preferential in 2009).
0.5% of the cash withdrawal amount of Minsheng Bank, other banks 1%, the lowest 1 yuan.
Industrial Bank charges 2% handling fee for cash advance, with a minimum charge of RMB 20.
China CITIC Bank charges a handling fee of 3% for cash advance, with a minimum of 30 yuan.
3% of the cash withdrawal amount of Shanghai Pudong Development Bank, with a minimum of RMB 30 yuan per transaction.
2.5% of the cash withdrawal amount of Guangfa Bank; The minimum is RMB 10 yuan/transaction.