According to the unified regulations of the People's Bank of China, the credit card of Industrial Bank charges a daily interest of 0.5 ‰, with compound interest on a monthly basis. (Industrial Bank credit card interest-free period does not calculate interest)
Industrial Bank has always used the calculation method of revolving credit interest. Revolving credit: Revolving credit is a small unsecured loan with daily interest. According to your own financial situation, decide how much to pay back each month before the current credit card bill expires. If your repayment 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 revolving 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 makes it easier for you to manage your finances. If you choose to use revolving credit, you cannot enjoy the interest-free repayment period in the current period.
Calculation method of revolving loan interest:
Every consumption amount in the last statement is regarded as interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the daily interest rate is five ten thousandths. The interest on revolving credit will be listed in the next bill.
2. What is the interest rate of Industrial Bank's credit card?
1. According to the unified regulations of the People's Bank of China, the credit card of Industrial Bank charges 0.5 ‰ daily interest, with compound interest on a monthly basis. (Industrial Bank credit card interest-free period does not calculate interest)
2. Industrial Bank has always adopted the calculation method of revolving credit interest. Revolving credit: Revolving credit is a small unsecured loan with daily interest. According to your own financial situation, decide how much to pay back each month before the current credit card bill expires. If your repayment 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 revolving 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 makes it easier for you to manage your finances. If you choose to use revolving credit, you cannot enjoy the interest-free repayment period in the current period.
3. Calculation method of revolving loan interest:
4. Every consumption amount of the last statement is regarded as the interest-bearing principal, and the interest-bearing days are from the account bookkeeping date to the account repayment date, and the interest rate is five ten thousandths of the daily interest. The interest on revolving credit will be listed in the next bill.