Withdrawal within the limit and overpayment of withdrawal fee:
(1) Cash withdrawal within the credit line means that the cardholder uses the credit line to overdraw cash withdrawal and needs to pay some fees.
(2) Overpayment cash withdrawal refers to the withdrawal of funds overpaid by credit card customers or deposited in credit card accounts in cash, and only part of the handling fee is paid without interest.
Extended Information Bank of Communications adopts the calculation method of revolving credit interest. Revolving credit: Revolving credit is a small unsecured loan with daily interest. According to your financial situation, you can decide the repayment amount by yourself every month before the current credit card bill expires.
When the repayment amount is equal to or higher than the minimum repayment amount of the current bill, but lower than the current repayment amount, the remaining deferred repayment amount is the circulating credit balance. Revolving credit is a very convenient loan tool, which not only allows you to enjoy the convenience of swiping your card, but also is a good choice for you to manage your finances easily. If you choose to use revolving credit, you cannot enjoy the interest-free repayment period in the current period.
Revolving credit interest rate:
The interest rate of revolving credit shall be uniformly stipulated by the People's Bank of China, and the daily interest rate shall be 0.5 ‰, with monthly compound interest.
Baidu Encyclopedia-Bank of Communications Credit Card