installment interest = total installment amount * installment rate, which shall be paid off in one lump sum in the first installment, and the principal of each installment shall be repaid. For example, if you spend 5 minutes in June by credit card, the total repayment amount =5*4.2%+5=521 yuan. If you spend 1, yuan in six installments, the calculation method is: 1, * .7%+1,/6 = 1,736.66 yuan, and the amount of money to be paid in each installment, * * * needs to be paid in six installments, and the handling fee is 7*6 installments = the total handling fee of 42 yuan. The handling fee of Minsheng's credit card is charged on schedule.
There is no interest on repayment on time after using Minsheng Bank's credit card. After using Minsheng Credit Card, users need to repay on time, otherwise there will be penalty interest. Different cardholders have different repayment dates, and there is a billing date before the repayment date. This billing date is to let users know the total amount to be returned on the repayment date.
Interest will be charged when using the cash withdrawal function of Minsheng Credit Card, and the daily interest rate is .5%. This interest will be calculated from the user's cash withdrawal date until the user pays off all the cash withdrawal amount. It should be noted here that the cash withdrawal amount must be paid off at one time, and repayment by other methods is not allowed.
when using the credit card minimum repayment function, interest will be charged, which is calculated according to the daily interest rate of .5%. Moreover, all the consumption in the current bill cannot enjoy the interest-free period, and interest will be charged from the consumption date until the user pays off the debt. Therefore, this repayment method should be used cautiously in peacetime.
Note:
1. Remember to repay before the interest-free repayment period. Many consumers think that the 5-day interest-free repayment period is overdrawn for 55 days, and the bank only needs to pay the excess interest for 5 days after deducting the 5-day interest-free repayment period. In fact, if the repayment period is exceeded, the bank will calculate the overdraft interest according to 55 days.
2. Pay attention to the fraction of the balance when repaying, so as to repay in full. Many consumers don't pay attention to the fraction when repaying, and they don't repay in full, resulting in arrears. If there is historical arrears, consumers will no longer enjoy the interest-free repayment period.
3. Try not to deposit money on your credit card. Credit card itself uses personal credit to overdraw consumption, while pre-existing cash runs counter to this concept. Consumers need to pay a withdrawal fee when they take out the money deposited in their credit cards.
4. Don't use a credit card to withdraw cash. It's better to use it to settle accounts. Because you can't enjoy the interest-free repayment period when you withdraw cash by credit card, you have to charge up to five ten thousandths of daily interest from the day you withdraw cash, and you have to charge a handling fee, which is also charged at five ten thousandths from that day. If you really need to withdraw cash by credit card, you should pay it off as soon as possible.