After the user selects the minimum repayment amount, the bank will charge 0.05% interest on the remaining unpaid part of the credit card from the maturity date, for example, the original monthly repayment amount is 1 1000 yuan, and after selecting the minimum repayment amount1/00 yuan, the daily interest will be 0.05%9900 yuan, that is, 4.000 yuan. Although the minimum repayment is not overdue, the interest is high and it is only suitable for emergency use.

Generally, credit cards are repaid in full and on time, with no interest. In addition, there are certain interest and handling fees for overdraft withdrawal. The interest is calculated on a daily basis, which is also five ten thousandths. Interest is calculated from the day of cash withdrawal, and the handling fee is charged at 0.5% (minimum 2 yuan/transaction).

You can control your credit card consumption and repay it on time every month, so your credit card can always be interest-free. Just return the amount you spend to the bank without interest.

The bank will charge interest for overdue or insufficient repayment. In this case, the credit card interest is calculated from the date when the consumption is recorded, and the interest of five ten thousandths is charged every day and compounded monthly, which means that if the interest of this month is not paid off, these interests will also generate interest next month.

In addition to interest, the use of credit cards will also cause other expenses, such as late payment fees for overdue repayment. Cardholders should pay attention to the cost standard of credit cards when using them.

Credit card overdue interest:

If the credit card is overdue, it has a billing date and a repayment date. Generally, 20 days after the bill date is the deadline for credit card repayment. Overdue repayment beyond the repayment date will generate interest and affect your credit. The penalty interest arising from overdue credit card is 0.5 ‰ of overdue amount. If you spend 10000 yuan with your credit card, and it is overdue for one day, you will be fined 5 yuan.

Cash withdrawal by credit card is one of the functions of credit card. If the cardholder needs short-term funds, he can withdraw cash by credit card. The higher the credit card limit, the higher the cash withdrawal limit, and the cash withdrawal limit does not exceed 50% of the credit card limit. Credit card withdrawal will generate interest and will charge a certain handling fee. The fees charged by each bank are different, but the interest generated is five ten thousandths of the cash withdrawal amount, and the interest generated every day is 5 yuan.

Credit card installment, credit card can be repaid in 24 installments at the longest, and there will be a handling fee, which is actually the interest charged. The longer the credit card is divided into stages, the more fees will be charged. Credit card installment fee is also one of the sources of bank credit card business income, and each bank's credit card installment fee is different.

How to calculate the minimum repayment interest of credit card?

The interest after the minimum repayment of a credit card is usually calculated at the daily interest rate of five ten thousandths. After the minimum repayment amount, all consumption in the current period will bear interest from the bookkeeping date until the repayment is fully paid off. Although the interest on the minimum repayment amount is not high, it is also an extra expense. If you have the ability, it is better to repay in full.

What is a credit card?

Creditcard (English: credit card), also known as credit card. It is a non-cash transaction payment method and a simple credit service.

Credit card is generally a special carrier plastic card with consumer credit, which is 85.60mm long, 53.98mm wide and 1mm thick. It is issued by banks to individuals and units, so that they can shop, spend and deposit and withdraw cash from banks. The form is a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature on the back.

Credit cards are issued to cardholders by banks or credit card companies according to the credit and financial resources of users. Cardholders don't need to pay cash when using credit cards, they will make repayment on the bill date.

2065438+On April 5, 2006, the central bank issued the Notice of the People's Bank of China on matters related to credit card business, canceling the late payment fee for credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. The new regulations came into effect on April 20, 2007.

Debit card is an ordinary savings card, and its account attribute is current deposit account, which can be used for consumption, atm deposit and withdrawal, etc. Credit cards can be used for spending, atm deposits and withdrawals, etc. The biggest advantage is that you can overdraw (with a certain credit limit).

Generally speaking, bank cards are divided into credit cards and debit cards.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. Special card is a special-purpose debit card used in a specific area (except for department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

What is the minimum repayment interest on credit cards?

The minimum repayment amount of a credit card is generally 10% of the current bill amount. If the minimum repayment amount is selected, the cardholder cannot enjoy the interest-free discount and needs to bear certain interest. The calculation criteria are as follows:

After the minimum repayment of the credit card, interest will be charged on all outstanding consumption in the current period from the bookkeeping date, that is, interest will be charged from the cardholder's consumption date, with a daily interest rate of 0.5 ‰ until it is paid off.

For example, suppose my CMB credit card bill is the 22nd of each month and the repayment date is 10. On August 1 I spent money in 500 yuan, August 15 in 200 yuan, and August 22nd 1300 yuan. The total bill amount is 2,000 yuan.

I paid the minimum repayment amount of 200 yuan on September repayment date 10, and the remaining 1800 yuan was paid off on September 20th, so the minimum repayment interest is: (500-200) 500.05%+200350.05%+1300290.05% =

How to calculate the minimum repayment interest of credit card?

After the user selects the minimum repayment amount, the bank will charge 0.05% interest on the remaining unpaid part of the credit card from the maturity date, for example, the original monthly repayment amount is 1 1000 yuan, and after selecting the minimum repayment amount1/00 yuan, the daily interest will be 0.05%9900 yuan, that is, 4.000 yuan.

Although the minimum repayment is not overdue, the interest is high and it is only suitable for emergency use.

According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1 The English Translation and Writing Standard for Public Service was formally implemented, which stipulated that the English name of CreditCard was Credit Card.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

Will credit card repayment generate interest according to the minimum repayment amount?

Yes

If the credit card only pays the minimum repayment amount, the remaining unpaid part will generate interest. Because the credit card can be interest-free only if it is paid off in full within the prescribed repayment period, otherwise it will generate cyclic interest. After that, the daily interest will be charged at the daily interest rate of 0.5 ‰, and the monthly interest will be compounded until the cardholder pays off.

For example, the customer holds a Bank of Communications credit card, the monthly billing date is 18, and the monthly repayment date is 7 days. During the period from July 7 to July 18, the customer only spent 1000 yuan on July 5, and the bill issued by 5438+08 on July 6 showed that the total repayment amount was 1000 yuan, and the minimum repayment amount was 100 yuan.

If the customer only pays back 100 yuan on August 7th, the circulating interest is: 18 × 0.05% × 23 (from July 15 to August 6th) +( 1000- 100).

If the customer does not want to generate revolving interest, he must pay off the bill in full and on time before the repayment date (inclusive). However, if it is really impossible to repay, it can be repaid at the lowest level to avoid overdue; Or apply for bill installment.

Extended data:

The minimum repayment amount refers to the amount you should pay back after the credit card is issued, at least before the final repayment date. According to the bill statistics, it is generally 5% to 10% of the bill, and you cannot enjoy interest-free repayment. You will charge a fee at a low interest rate of 5/10000, which is calculated in full from the day of account consumption, and there is no interest-free period. The remaining unpaid amount and interest will be included in the next bill; Interest is charged on the minimum repayment amount in two stages.

Although it will not affect the people's bank of China's credit reporting, it will have other effects. First of all, the most direct is the interest expense. For the minimum repayment amount, you need to pay the bill fee and interest of the repayment amount. Note that there are two expenses, and the interest payment is not calculated from the date of bill repayment, but from the credit card date. For example, your credit card bill is the 30th, and your credit card spending is the 1. In general, your repayment date is around the 20th of next month. If the minimum repayment is made on the 20th, the interest needs to be calculated from 1 instead of the 20th of next month, so you must pay the interest for 50 days first. This is not a small number.

Credit card is actually a financial consumption tool, which is more suitable for consumption. However, if cash is used, the daily interest rate is 0.05%, that is, the daily interest of the loan of 1 000 yuan is 5 yuan, and the withdrawal fee is also paid, so the comprehensive cost is very high. Large consumption can be repaid in installments or the minimum repayment amount. However, no matter which repayment method, the principal and interest are calculated in equal amount, and the interest is calculated repeatedly on the basis of the total principal of each period. Moreover, credit cards are phased, and there will inevitably be a handling fee for early repayment, so the annual interest rate of credit cards is actually not low at all.

Is there any interest on the minimum repayment of credit card?

Yes If the credit card only pays the minimum repayment amount, it will bear interest.

After the minimum repayment, the credit card will no longer enjoy the interest-free period, and interest will be charged at the daily rate of five ten thousandths from the bookkeeping date until it is fully paid off, with compound interest on a monthly basis.

Extended data:

Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.

As the use price of funds, interest plays a very important role in the operation of market economy, mainly in the following aspects:

Functions that affect enterprise behavior

As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.

Function of influencing residents' asset selection behavior

With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior. Residents' departments attach importance to interest income and spontaneously produce asset selection behavior, which has an impact on macro-control and micro-foundation reconstruction. Judging from China's current situation, the high savings rate has become a major feature of China's economy, providing a solid financial foundation for the rapid economic growth. The various asset selection behaviors made by residents under the incentive of interest income have contributed to the realization of various macro-controls.

Functions that affect government behavior

Since interest income is closely related to the economic interests of deficit and surplus departments in the whole society, the government can also use it as an important economic lever to regulate economic operation. For example, if the central bank takes measures to lower interest rates, more money will flow to the capital market, and when interest rates increase, funds will flow out of the capital market. If the government raises funds by credit, it can issue treasury bonds at an interest rate higher than the bank's deposit interest rate for the same period, and absorb private monetary funds into the hands of the government for various financial expenditures.

This is the end of the introduction on how to automatically deduct the interest after the minimum repayment amount of credit card and the interest after the minimum repayment amount of credit card. I wonder if you have found the information you need?