After the personal credit card is opened, the bank will approve a personal credit limit for users, such as 2000 or 10000. Within this limit, users can draw money by credit card or ATM in stores with POS machines, and repay within the repayment period after consumption, and enjoy the interest-free installment repayment within 20-50 days. The loan interest is calculated at the daily interest rate of 0.5 ‰. That's how to calculate the principal of a credit card.

The origin of bank credit card

The first bank credit card occurred at the end of 19. In the 1980s, the British clothing industry developed into the so-called bank credit card, and the tourism development and business departments also followed this fashion trend. However, at that time, credit cards could only be used for short-term commercial services, and the accounts should be paid back at any time, not for a long time, and there was no credit line. Generally, bank credit cards are plastic credit cards with special media, which are 85, 60mm long, 53, 98mm wide and 65, 438+0 mm thick. The name, expiration date, serial number, user name and other contents of the card-opening institution are printed on the front, and the chip, magnetic stripe card and signature strip are integrated on the back. Users can use bank credit cards to buy things, spend money and deposit cash in banks. This paper is mainly about how to calculate the principal of credit card, and the content is for reference only.