Although the interest generated before cannot be recovered, you can apply to the bank to stop paying interest. After the application is approved, the arrears of your credit card will no longer generate interest at the agreed time.

It should be noted that you will negotiate a new repayment plan with the bank when you apply for suspension of interest payment, so you need to pay off the principal and interest together within the agreed time according to the repayment plan.

Interest refers to the reward obtained by the fund owner from lending the fund, which comes from part of the profits formed by the producers using the fund to play their business functions.

Interest is one of the manifestations of the time value of funds. From its formal point of view, it is the reward that the monetary owner gets from the borrower for issuing monetary funds.

Abstract interest point refers to the value-added amount brought by monetary funds injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).

Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%.

According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable.

Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits.

Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.