1. Y-P card charges a handling fee of 5 yuan for each cash withdrawal. The daily overdraft withdrawal is limited to 2,000 yuan. Overdraft withdrawals are charged at a daily interest rate of 5/10,000 and compound interest is charged monthly

< p>2. If you cannot repay in full after consumption or cash withdrawal, you can repay according to the minimum repayment amount, and you will be charged interest at a daily interest rate of 0.05%. The minimum repayment amount is: 10% of the current consumption amount + 10% of the current overdraft cash withdrawal + The amount that should have been paid last month + This month’s interest and fees

3. Repaying with the minimum repayment amount will not affect your personal credit record. Repaying with the minimum repayment amount is best to pay attention to the balance of each period. It is listed on the bill, and you can call customer service to inquire

4. Whether you use a credit card for consumption or cash withdrawal, you must repay no less than the minimum payment amount on the last payment day of each month, otherwise you will be charged a late fee. Once a bad credit record is recorded, it will be difficult to apply for credit cards and loans at banks in the future

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The above are some theoretical ones. Now let’s take 8,000 yuan and do some imprecise calculations. To accurately understand the actual amount, you can pay attention to each period's statement

1. Withdrawing 8,000 yuan needs to be done in 4 days. The cumulative cash withdrawal fee for 4 days is 20 yuan. The cash withdrawal fee will be incorporated into the overdraft principal on the day of withdrawal. Interest Calculation

2. A rough calculation of the daily interest after overdraft is:

(80020)*0.05%

3. If the full amount is not available At the end of each month for repayment, the interest generated in that month needs to be incorporated into the principal and accrued interest, which is the so-called "compound interest." This part of the calculation is more troublesome, so I won't give you an example

4. You can definitely do it every time As long as the repayment is not lower than the minimum repayment amount, there will be no late payment fees and it will not affect your personal credit record.

5. Minimum repayment amount The amount is listed on the statement, and you can also call customer service at 800-988-8888 1 9 1 0