Generally, credit cards are repaid in full and on time, with no interest. In addition, there are certain interest and handling fees for overdraft withdrawal. The interest is calculated on a daily basis, which is also five ten thousandths. Interest is calculated from the day of cash withdrawal, and the handling fee is charged at 0.5% (minimum 2 yuan/transaction).

You can control your credit card consumption and repay it on time every month, so your credit card can always be interest-free. Just return the amount you spend to the bank without interest.

The bank will charge interest for overdue or insufficient repayment. In this case, the credit card interest is calculated from the date when the consumption is recorded, and the interest of five ten thousandths is charged every day and compounded monthly, which means that if the interest of this month is not paid off, these interests will also generate interest next month.

In addition to interest, the use of credit cards will also cause other expenses, such as late payment fees for overdue repayment. Cardholders should pay attention to the cost standard of credit cards when using them.

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If the credit card is overdue, it has a billing date and a repayment date. Generally, 20 days after the bill date is the deadline for credit card repayment. Overdue repayment beyond the repayment date will generate interest and affect your credit. The penalty interest arising from overdue credit card is 0.5 ‰ of overdue amount. If you spend 10000 yuan with your credit card, and it is overdue for one day, you will be fined 5 yuan.

Cash withdrawal by credit card is one of the functions of credit card. If the cardholder needs short-term funds, he can withdraw cash by credit card. The higher the credit card limit, the higher the cash withdrawal limit, and the cash withdrawal limit does not exceed 50% of the credit card limit. Credit card withdrawal will generate interest and will charge a certain handling fee. The fees charged by each bank are different, but the interest generated is five ten thousandths of the cash withdrawal amount, and the interest generated every day is 5 yuan.

Credit card installment, credit card can be repaid in 24 installments at the longest, and there will be a handling fee, which is actually the interest charged. The longer the credit card is divided into stages, the more fees will be charged. Credit card installment fee is also one of the sources of bank credit card business income, and each bank's credit card installment fee is different.

Baidu encyclopedia-credit card repayment

Baidu encyclopedia-credit card overdraft