If the credit card holder of CCB fails to repay all the repayable amount before the due repayment date (inclusive), he can repay it at any amount not lower than the minimum repayment amount, but the repayable consumer transaction money no longer enjoys the interest-free repayment period. Cardholders who borrow cash in advance do not enjoy interest-free repayment period. For the transaction money that the cardholder does not meet the interest-free conditions, CCB will calculate the interest from the bank bookkeeping date and compound the interest monthly. Unless otherwise specified, the daily interest rate standard defaults to five ten thousandths. If there is any adjustment, the upper limit of the daily interest rate is five ten thousandths, and the lower limit is 0.7 times of five ten thousandths (the upper limit is 18.25%, and the lower limit is 0.7 times of 18.25%, that is, 12.775%, and the conversion formula is annualized interest rate = daily interest rate. If there is any change in the relevant provisions of the People's Bank of China, such provisions shall prevail. Please refer to the actual interest listed on the bill.
(In case of business changes, please refer to the actual situation. )
How to calculate the minimum repayment interest of credit card?
The charge standard for the minimum repayment interest of credit cards is:
1. From the bookkeeping date of each transaction, interest shall be calculated at the daily rate of 0.5 ‰ until each debt is paid off.
2. The cardholder applies for repayment according to the minimum repayment amount, and only pays interest in the second phase, and only pays 65,438+00% of the total bill in the first phase.
3. The amount that the cardholder needs to pay when applying for the minimum repayment amount is: (interest and expenses of the outstanding amount of consumption in the current month) 65438+ 00% of the current overdraft withdrawal amount.
Credit cards that only pay the minimum repayment amount are not overdue and will not affect the credit history. The relevant contents are as follows:
1, the minimum repayment amount of each bank is different, which is generally about 10% of the bill amount; However, if the minimum repayment amount of this month is not paid, then the minimum repayment amount of next month = the minimum repayment amount of next month. The overdue fine payable this month is the minimum repayment amount of this month (about 65438+ 00% of the total amount).
2. After the minimum repayment amount is paid, from the due date, five ten thousandths of the interest of the full billing date of the current month will be charged, and the monthly interest will be compounded, which is easy to form a vicious circle.
Generally speaking, the monthly bank credit card bill will be reminded by SMS or sent by paper bill. The bill will indicate: what is the minimum repayment amount or how much you can apply for installment payment.
You don't need to contact the bank to repay the minimum amount. As long as the amount deducted by the bank is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.
5. Cash withdrawal can also pay the minimum repayment amount, but the cost of cash withdrawal by credit card is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.
6. If the minimum repayment amount is paid, no bad record will be left. The bad record is only due to overdue, as long as the money is paid back every period.
How to calculate the credit card interest?
Credit card interest calculation method:
1, the credit card will have an interest-free period, and if it is repaid before the repayment date, no interest will be generated. If the repayment is made in installments on time, there will be a handling fee, but if it is overdue, it will generate interest (and it is still a high interest rate).
2. The way for banks to charge overdue interest on credit cards is to calculate the total bill of the current month, which is called "full interest", rather than the unpaid amount. Full interest, also known as full penalty interest, refers to the failure to repay in full by the latest repayment date. Even if a penny is missing, the full amount of the current bill is calculated at five ten thousandths of the daily interest rate, and the compound interest is calculated on a monthly basis. It can also be called "rolling interest".
3. Except ICBC, Agricultural Bank of China and Shanghai Pudong Development Bank, all other banks bear full interest, and ICBC is the first bank to cancel the full penalty interest of credit cards.
(1) Pufa
The interest shall be calculated in installments, and the interest shall be 0.5 ‰, and the liquidated damages shall be calculated at 5% of the unpaid minimum repayment amount. If the minimum repayment amount is within 10 yuan, there is no penalty and no upper limit.
(2) Industrial and Commercial Bank of China
Interest shall be charged on the unpaid part. If the minimum repayment amount cannot be repaid before the due repayment date (inclusive), it shall be deemed as overdue, and liquidated damages shall be charged at 5% of the unpaid part of the minimum repayment amount.
(3) Agricultural Bank of China
The interest shall be calculated in installments, with five ten thousandths of interest, liquidated damages, and 5% of the minimum repayment amount outstanding. Credit: As long as the minimum repayment amount is enough, it will not affect the credit rating.
How to calculate the interest of credit card repayment
In fact, credit card installment repayment, the bank does not charge interest, but the handling fee can not be less, that is to say, the handling fee is also disguised interest. The installment fee rates implemented by different banks are different.
The minimum repayment amount of each bank's credit card is generally 10% of the bill amount. Once the minimum repayment amount is selected, the cardholder will no longer enjoy the interest-free treatment of the credit card. All expenses in the bill shall be charged with interest of 0.5 ‰ per day from the date of swiping the card, and the interest shall be calculated from the date of swiping the card, not from the date of final repayment.
Credit card bill installment payment is a kind of credit card installment payment, which means that the credit card holder asks the credit card center to return the consumption amount to the bank in installments after swiping the card.
Installment payment of credit card bill is the simplest installment payment method. You only need to call the bank credit card center or log in to personal online banking to apply for installment payment during the period from credit card consumption to due repayment date. Under normal circumstances, as long as there is no bad personal credit record, you can get approval.
The minimum repayment amount is the minimum amount that needs to be repaid in the current month when revolving credit is used, and the minimum repayment amount is listed on the current bill. Calculation method of the minimum repayment amount of each bill: minimum repayment amount = 10% all general transactions in credit card account 100% all unsettled installment transactions in account, single installment amount 100% the unpaid part of the minimum repayment amount in the previous period 100% all the money used in the account credit line/kloc-
Generally, you can accept the bill installment by calling the customer service center of the issuing bank or telephone banking. ICBC cardholders can handle installment payment at ICBC outlets, ICBC online banking, telephone banking and mobile banking, and China Merchants Bank can handle it at the bank's online banking. Relevant persons of CCB reminded cardholders that although all banks have introduced bill installment payment, it does not mean that every cardholder can pay by credit card installment.
General banks should evaluate the credit status of cardholders according to their credit limit and credit records of credit card consumption. Only after the assessment is passed can the cardholder make installment payment smoothly; If the evaluation result is not satisfactory, the bank may reject the cardholder's application for installment payment, or fail to give the cardholder the amount of installment payment he wants. Cardholders can fully consider their own financial situation and apply for installment by telephone.
The minimum consumption of banks applying for installment is basically between 500- 1500 yuan, including ICBC 600 yuan, China Construction Bank, Bank of China, China Merchants Bank 1000 yuan, Bank of Communications 1500 yuan (Y-power card is a single 500 yuan), CITIC 1200 yuan, Agricultural Bank of China and Guangfa Bank. Everbright Bank does not require the amount. As long as the cardholder uses the designated card, the bill will be automatically divided into 12 installments.
How to calculate the interest on credit card repayment? There are charges for these three repayment methods.
Cardholders can enjoy interest-free treatment as long as they can repay in full and on time, but some people can't. How to calculate the interest on credit card repayment? Let's calculate the interest of the cardholder in three repayment situations.
I. Interest on installment repayment of credit cards
In fact, credit card installment repayment, the bank does not charge interest, but the handling fee can not be less, that is to say, the handling fee is also disguised interest. The installment fee rates implemented by different banks are different. Take ICBC credit card as an example to see how this "interest" is calculated.
The installment fee of ICBC's credit card is charged at one time, and the rates for different installments are as follows:
The three-stage expense rate is expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate, expense rate.
Second, the minimum repayment amount of credit card repayment
The minimum repayment amount of each bank's credit card is generally 10% of the bill amount. Once the minimum repayment amount is selected, the cardholder will no longer enjoy the interest-free treatment of the credit card. All expenses in the bill shall be charged with interest of 0.5 ‰ per day from the date of swiping the card, and the interest shall be calculated from the date of swiping the card, not from the date of final repayment.
It is not a small expense to charge 0.5 ‰ of the daily interest rate, which is equivalent to almost 18% of the annual interest rate. Therefore, it is recommended that the majority of card friends repay in full as soon as possible to avoid unnecessary expenses.
3. Interest on overdue repayment of credit cards
Summary: How to calculate the interest of credit card repayment has different algorithms in the above three different situations. Among them, credit card overdue not only needs to bear interest, but also affects credit information. Credit card installment repayment and minimum repayment amount will not affect personal credit.
How to calculate the credit card interest?
In general, the daily interest rate of credit card interest expense is five ten thousandths, that is to say, the monthly interest rate of 1 000 yuan is about 1, 500 yuan.
1. Credit cards are generally repaid in full and on time without interest. In addition, the overdraft is subject to the existing interest and handling fee, and the interest is calculated on a daily basis, which is also five ten thousandths. A handling fee of 0.5% will be charged from the date of cash collection (minimum 2 yuan per transaction). You can control the credit card consumption and repay it on time every month, and the credit card can always be interest-free. You just need to refund the bank amount you spent. If loans overdue fails to repay the loan in full, without interest, the bank will charge interest soon.
Credit card interest is calculated from the date of purchase. Interest is charged at 5% per day and compounded monthly. That is to say, if you don't pay interest this month, you will start to accumulate interest next month. In addition to interest, repayment on time by credit card will also generate some other expenses, such as late fees. Cardholders should pay attention to the cost standard of credit cards when using them. Credit cards are generally repaid on time, and full repayment is interest-free. Credit card can control the repayment on time every month. Credit cards can always be interest-free, and only refund the bank amount you spend, without interest.
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This concludes the introduction of how to calculate interest on credit card repayment and how to calculate interest on debit card. I wonder if you have found the information you need?