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.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
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.
Compared with ordinary bank savings cards, the most convenient way to use credit cards is for ordinary consumption, and there is no cash in the cards. In many cases, it is enough to return the consumption amount on time.
You can spend without deposit overdraft, and enjoy an interest-free period of 20-56 days to repay on time without any charge (most banks will charge 0.5% interest on the day of cash withdrawal, and there will be a 2% handling fee, but ICBC will only charge interest).
It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.
Special merchants who hold cards in banks can enjoy preferential treatment.
Accumulate personal credit, add credit records to credit files, and benefit for life.
Access to the whole country is barrier-free, and you can withdraw money or spend money by credit card on ATM and POS machines with UnionPay logo; (Note: Credit cards are only suitable for credit card spending. It is best not to withdraw cash, which is expensive and uneconomical. )
Credit card spending, some credit cards get existing points, and various discounts and lottery activities throughout the year, so that you can always have surprises as long as you use the card; (Most credit cards have no points for online payment, but online payment is very convenient and fast. )
Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (Now advocating environmental protection, you can cancel the paper statement and change it into an electronic statement. )
Unique supplementary card function, suitable for husband and wife to jointly manage money or master children's financial expenses.
The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
400 telephone or 5-digit short number prefixed with "9" provides 24-hour service, and the report of loss takes effect immediately, with zero risk of card loss.
Validity period: It is known that the validity period of domestic credit cards is generally three to five years.
Use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.
How to calculate the minimum repayment amount and interest of China Bank credit card?
Calculation method of minimum repayment amount: minimum repayment amount = consumption amount within the credit line × 10%+ cash transaction amount in advance × 100%+ unpaid part of the previous minimum repayment amount × 100%+ used amount exceeding the credit line × 100%+ all expenses and interest × 60. If the repayment is not made in full before the interest-free repayment period, the overdraft interest will be calculated from the transaction bookkeeping date according to the actual amount owed and the actual number of days owed, and will be collected in installments. The overdraft interest rate is 0.5 ‰ of the daily interest rate, and the compound interest is calculated monthly.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.
How to calculate the interest on the minimum repayment amount of credit card?
If the cardholder only pays the minimum repayment, then he can't enjoy the interest-free period. The bank will calculate the interest expense according to the daily interest rate of 0.5% from the date of consumption by users. The longer the time, the more interest expenses will be generated.
Minimum repayment amount = 65,438+00% for all general transactions in the credit card account+65,438+000% for all unsettled installment transactions in the account+65,438+000% for the unpaid part of the minimum repayment amount in the previous period+65,438+000% for all funds used in the account exceeding the credit limit.
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.
1. Minimum repayment amount, the cardholder shall repay all the payables before the due repayment date (inclusive).
2. If there are difficulties, you can make repayment according to the minimum repayment amount stipulated by the issuing bank, which will not affect the credit status of the customer, but you cannot enjoy the interest-free repayment period.
3. 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 standard is as follows: after the minimum repayment of the credit card, all outstanding consumption in the current period will be charged with interest from the billing date, that is, interest will be charged from the cardholder's consumption date, and the daily interest rate will be five ten thousandths until it is paid off.
: What if the credit card is overdue?
1. When the credit card cannot be repaid due to unemployment, illness, etc., before the repayment deadline, the cardholder should take the initiative to contact the bank credit card center to explain his financial situation, declare that he is not in bad faith, and apply for deferred repayment or installment repayment.
2. If the cardholder forgets to repay, he must repay as soon as possible, preferably in full. Call the bank's credit card center and declare the non-malicious arrears. If the overdue time is short, the bank may not be a bad record.
3. When the cardholder voluntarily applies for deferred repayment, the bank will often agree to defer repayment, and the bank and the cardholder will agree on a repayment plan acceptable to both parties. In this way, the bank will not record bad records, but it must repay on time after applying for an extension.
4. Credit card repayment information The central bank's credit information system rolls for 24 months, and the credit card overdue repayment record will be kept in the credit information system for two years. If the card is found to be cancelled directly after it is overdue, the information will not scroll, but will be kept for a long time. Therefore, after the cardholder is overdue, it is best not to cancel the credit card immediately. It is best to stick to it for more than 2 years and then maintain a good credit record.
How to calculate the minimum repayment amount and interest of credit card?
Cardholders do not repay in full and do not enjoy interest-free period. For the cardholder who repays according to the minimum repayment amount, the card issuer will charge the loan interest at the rate of 0.5 ‰ for the unpaid part every day from the bank bookkeeping date to the repayment date, and the loan interest will be compounded monthly. If the minimum repayment amount can't be paid off in the next accounting period, the cardholder shall pay 5% of the unpaid part of the minimum repayment amount in addition to interest.
Calculation formula of minimum repayment amount: minimum repayment amount = 65438+ 00% of the consumption amount within the credit line+65438+000% of the cash advance transaction amount+65438+000% of the unpaid part of the previous minimum repayment amount+65438+000% of the consumption amount exceeding the credit line+65438+000% of expenses and interest.
Calculation method of interest: If the cardholder chooses the minimum repayment method, the interest will be calculated separately for each consumption. Since the minimum repayment amount has no interest-free period, the daily interest on the unpaid part is calculated at five ten thousandths.
For example:
Xiaoming spent 10000 yuan on shopping in a large shopping mall on August 2nd. September 1 is the settlement date of the bank. Due to the huge consumption in August, Xiaoxi overdrawn a lot, so she had to pay off part of the credit card debt according to the minimum repayment amount on September 17, that is, according to the regulations of the issuing bank, she only took out 1000 yuan to buy some bills before 10000 yuan. Because there is no full repayment, the bank's interest calculation formula is:
10000450.0005+9000150.0005 = 292.5 (yuan)
Among them, 45 is the duration of arrears of10,000 yuan (from August 3 to1September 6), and 15 is the duration of arrears after the minimum repayment (from1September 7 to1June 0), which is only 9.
That is to say, if Xiaoxi didn't use the same credit card during this period, by the accounting date of June 1, she had received the balance of 9292.5 yuan. By this time, Xiaoxi's senior consumption 10000 yuan has risen to 10292.5 yuan. If Xiaoxi can pay off the debt in time after receiving the bill in June+10, 5438, the debt will not appreciate, but if Xiaoxi continues to repay with the minimum repayment amount, the interest cost will continue to rise.
How to calculate the monthly repayment amount of credit card and the minimum repayment amount interest?
1. Calculation method of the minimum repayment amount of each bill: minimum repayment amount =65438+ 00% of all general transactions in the credit card account+65438+000% of all unsettled installment transactions in the account+65438+000% of the outstanding minimum repayment amount in the previous period+65438+000% of all funds used beyond the credit limit in the account.
2. Generally, the minimum repayment amount is 10% of the total bill, and the remaining users can choose to repay next month; Under normal circumstances, although users can alleviate the shortage of funds to some extent by choosing the minimum repayment amount, and avoid the overdue situation due to the failure to repay the credit card, thus causing credit stains, when choosing the minimum repayment amount of the credit card, they can no longer enjoy the interest-free period of the credit card, and they have to start paying some interest on the unpaid part, which is easy to form a vicious circle.
Users can generally go to Yingxin to get personal credit big data report, check the loan record, whether it is overdue, whether it is blacklisted and so on.
Extended data:
What if the credit card is unable to repay?
1. If you don't pay it back temporarily, you can pay it off later, and only interest and late fees will be generated.
2, the credit card is really unable to repay, if the bank, and after winning the case, apply for enforcement according to law, the house will be sealed up. The debtor's property may be sealed up, detained or frozen according to law.
That's all about how to calculate the minimum repayment amount and interest of credit cards.