Compared with bank loans, credit card interest rates are higher.

Credit cards will only accrue interest when minimum payments are made, cash withdrawals are made, or overdue payments occur. Credit card interest is generally charged at a daily interest rate of 0.5%. This interest rate is higher than common loan interest rates from banks.

Credit cards generally have a 30-day interest-free period. As long as consumers pay off their balance within the interest-free period, no interest will be charged. If a consumer is overdue, interest is generally calculated at a daily interest rate of 0.05. If the consumer is overdue for more than 30 days, some banks will calculate interest at a daily interest rate of 0.1.

If a consumer uses a credit card to spend 10,000 yuan overdue, the interest that needs to be paid every day is: 10,000*0.05=5 yuan, which is 150 yuan per month (calculated as 30 days). In general , the interest that needs to be paid is very high, it is recommended not to be overdue easily.

Notes on the use of credit cards:

1. Do not disclose personal information to others easily, including your ID number, bank card number and other information, and do not share your bank card, Give your credit card to someone else to use. If you have any doubts and need to report a crime, please go to a bank or other financial department for consultation in person or report the crime to the local public security agency. Do not call the phone number provided by the fraud suspect to report the crime.

2. Pay attention to safe use of online banking. Install necessary anti-virus, anti-Trojan software and online banking security controls, make sure you are logging in to a real bank website, do not easily accept unfamiliar files, and do not easily use other people's computers to log in to online banking.

3. Be vigilant when using self-service banking. At present, the doors of self-service banks have been gradually transformed into button-opening doors. When withdrawing money from self-service banks, if you find suspicious devices or prompt messages such as "Press password to confirm" at the entrance and exit of self-service banks, do not swipe your card or enter password, and promptly Report to banks and public security agencies.

4. Be careful to separate the card and ID card. Many people put their ID cards and bank cards together in life. Once lost or stolen, the cardholder's funds are highly likely to be lost.

5. When swiping a credit card for consumption, you must confirm whether it is a UnionPay POS machine. After swiping the card, you must sign the shopping settlement statement. At the same time, you must also pay attention to whether there are repeated problems and prevent the returned bank card from being used. Transfer package. In addition, the signature style should be as consistent as possible with the signature on the card.