How to charge interest on the minimum repayment of Guangfa Bank credit card?

The minimum repayment interest of Guangfa Credit Card is the interest on the unpaid part plus the interest on all repayments from the consumption account date to the repayment date. For example: if the consumption account date is the 3rd, the repayment date It’s the 26th. I spent 5,000 yuan that month, and the minimum repayment is 500 yuan. Then the interest accrued on all the repayments this month is 5000*23*0.05=57.5 yuan, and the interest accrued on the unpaid part is (5000-500) *7*0.05=15.75 yuan, the total interest to be repaid is 73.25 yuan.

Guangfa Credit Card is the first domestic standard credit card issued by China Guangfa Bank in 1995, and it is also the first credit card to achieve profitability. The card has a preset credit limit in accordance with international standards. Spend first and repay later. No pre-deposit is required. You can use the credit limit for overdraft consumption and cash withdrawal transactions.

The interest-free period for overdraft consumption can last up to 50 days. As long as you repay in full before the repayment due date specified by the bank, you can enjoy the interest-free period from the date of transaction to the date of repayment. Interest-free treatment until the maturity date. The repayment method is flexible, you can pay it off in full or choose the minimum repayment amount.

Minimum repayment

The annual fee for the main card: the annual fee for the regular card UnionPay card is 40 yuan, the annual fee for the gold card UnionPay card is 80 yuan

No annual fee policy: The annual fee is waived in the first year, and the annual fee for the next year is waived by swiping the card six times. The annual fee for the MasterCard Titanium Card is 480 yuan. The annual fee is charged in the first year. From the first year, points can be accumulated every year and the card will be rolled over and waived for half a year if you spend 80,000 yuan with the card. annual fee

Cash advance limit: 50% of the credit limit

Interest-free period: 20 to 50 days

Consumption verification method: signature signature password

Revolving credit interest (daily interest): 0.05 interest per day, minimum charge is 1 yuan

Consumption SMS notification fee: Free notification for purchases above 300 yuan, and SMS notification function required for purchases below 300 yuan. The charge is 3 yuan per month

The minimum repayment of the bank generally refers to the credit card. The minimum repayment interest of the bank credit card is calculated as follows: If the entire balance listed on the statement is not paid off before the due payment date The amount will be charged interest at a daily interest rate of 5/10,000, and compound interest will be charged monthly. The interest will be calculated based on the actual amount owed from the date of recording of the transaction until the entire arrears are paid off.

Minimum repayment amount = consumption amount within the credit limit × 10, cash advance transaction amount × 100, unpaid portion of the previous minimum repayment amount × 100, consumption amount exceeding the credit limit × 100, all fees and interest × 100.

Choose the minimum repayment method of a bank credit card to repay, and interest will be charged at 0.05 per day, compounded monthly, until the cardholder has paid off the entire credit card balance.

Phase 1: Amount (actual amount swiped) × interest rate (0.0005 per day) × time (number of days before the minimum payment is due on the day the card is swiped);

Phase 2: Amount (The remaining unpaid amount) × interest rate (0.0005 per day) × time (the number of days from the day when the minimum repayment amount is paid to the day before the repayment).