According to the classification of credit cards, Agricultural Bank of China credit cards can be divided into credit cards and quasi-credit cards. The following are examples of their classification and interest calculation:

Credit card interest calculation :

Assume that the cardholder’s card bill date is the 10th of each month, and the 25th day after the bill date is the due date for repayment. If a cardholder spends 2,500 yuan in overdraft on March 11, the current bill date will be April 10, and the interest-free repayment period will be the due repayment date of the April bill, which is May 5. Cardholders have different repayment times and enjoy different interest-free conditions.

1. If the cardholder repays the loan before May 5, he will enjoy the interest-free repayment period and only needs to repay the principal of 1,000 yuan.

2. If the cardholder repays the loan after May 5th (such as May 9th), he will not enjoy the interest-free repayment period and must repay the principal and interest*** totaling 2573.75 yuan. (2502500*0.0005*59=2573.75), and a penalty of 12.5 yuan for overdue repayment (2500*10%*5%=12.5).

3. If the cardholder repays part of the debt before May 5, the remaining part will be repaid after May 5 (for example, 1,900 yuan will be repaid on April 15, and the remaining part will be repaid on May 9. ), you must repay the principal and interest*** totaling 2550.95 yuan. (2502500*0.0005*35+600*0.0005*24=2550.95).

The maximum overdraft period for quasi-credit cards is 60 days, and the cardholder must repay the bank loan and corresponding interest within 60 days after the first overdraft occurs.

Example of quasi-credit card:

1. If the cardholder spends 2,500 yuan in overdraft on March 1st, the cardholder should return the principal and balance before April 29th. Interest. If the cardholder repays the loan on April 10, he should repay the principal and interest totaling 2,550 yuan. (2502500*0.0005*40=2550)

2. If the cardholder overdrafts 2,500 yuan on March 1 and spends 2,000 yuan on March 10, the cardholder should still The principal and interest must be paid before April 29. If the cardholder repays the loan on April 10, he should repay the principal and interest totaling 4,580 yuan.

(2502002500*0.0005*14500*0.0005*30=4580