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What is the average return on assets of credit cards?
The annual interest rate of credit cards is generally around 9% to 20%. Generally, the handling fee is charged according to the number of installments, and no interest is charged. If you use a credit card to withdraw cash, you usually charge interest at a daily interest rate of five ten thousandths, and you will also calculate compound interest on a monthly basis, but the annual interest rate will not exceed 20%.

According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders. China's relevant laws ("NPC Standing Committee on

Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.

Credit card annual interest rate

Annual interest rate = installment fee rate/(number of installments+1)*24 = single installment fee rate * number of installments/(number of installments+1)*24. The most common installment fee of 12 is 7.2%, which is equivalent to 7.2/(1).

ICBC 12 will charge 3.58% handling fee in installments, and the annualized interest rate is 6.6 1%, which is equivalent to 1 multiple of the one-year loan benchmark interest rate of 6.0%, and will charge 0.0358/13 * 24 = 0.06609 = 6.6655 in installments.

For the first installment, the annualized interest rate should be divided by (1- installment fee). The down payment is 0.0358/13 * 24/(1-0.0358) = 0.06854 = 6.85%.

Influencing factors:

Central bank policy

Generally speaking, when the central bank expands the money supply, the total supply in loanable funds will increase, the supply exceeds demand, and the natural interest rate will decrease accordingly; On the contrary, the central bank implements a tight monetary policy, reducing the money supply, so that loanable funds's demand exceeds supply, and interest rates will rise accordingly.

Price level: Market interest rate is the sum of real interest rate and inflation rate. When the price level rises, the market interest rate also rises accordingly, otherwise the real interest rate may be negative. At the same time, due to rising prices, the public's willingness to deposit will decrease, while the loan demand of industrial and commercial enterprises will increase. The imbalance between deposit and loan caused by loan demand exceeding loan supply will inevitably lead to an increase in interest rates.

Stock and bond market: if the stock market rises, the market interest rate will rise; On the contrary, interest rates are relatively low.

International economic situation: Changes in one country's economic parameters, especially exchange rate and interest rate, will also affect the fluctuation of interest rates in other countries. Naturally, the rise and fall of the international securities market will also bring risks to the interest rates faced by international banking business.