How much interest does a Ping An Credit Card charge for 5,000 yuan per month?

The interest amount of the credit card on this platform is 270 yuan.

According to Xicai.com: Ping An Bank’s credit card interest is calculated on a daily basis, that is, the interest for that day is calculated every day based on the amount owed and the interest rate, and then added to the total amount owed. The annual interest rate is 18%. The outstanding amount of Ping An's credit card is 5,000 yuan, and the interest for one month is, daily interest = 5,000 × 0.18% ≈ 9 yuan.

The number of days in a month is 30, so the total interest = 9×30=270 yuan. Ping An Bank's credit cards offer a variety of card options, including standard cards, gold cards, platinum cards, etc. Cardholders can enjoy a wealth of preferential activities, such as points redemption, merchant discounts, air ticket and hotel booking discounts, etc.

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