The Bank of Communications Youth Card statement date is the 7th. Let’s talk about it in detail. Give some examples of consumption deduction principles and examples. I spent several months in the past

The Bank of Communications Youth Card statement date is the 7th. Let’s talk about it in detail. Give some examples of consumption deduction principles and examples. I spent several months in the past and I was confused.

Only swipe the card, no cash withdrawals, and pay off the balance in full on time, so there will be no mess at all.

There is an interest-free period for credit card consumption. As long as you repay in full within the specified period, you can repay as much as you use. You can wait until you receive the bill before repaying. The due date of the repayment period is the due repayment date, and the due repayment date of Bank of Communications credit cards is 25 days after the bill date.

The root causes of the chaos are: 1. Cash withdrawal, 2. Failure to repay in full. According to these two items, interest is calculated from the time of consumption (five ten thousandths of the consumption amount). Cash withdrawal is easy to understand, that is, it is calculated from the day of withdrawal; card consumption is originally interest-free, because it cannot be paid off at once, and interest must be accumulated from the date of consumption, and is calculated based on the total amount of consumption. For example, if you swipe a card worth 1,000 and only repay the minimum amount of 100 on the due payment date, the interest will be calculated based on 50,000 of 1,000 from the day you spend 1,000 to the day of repayment, and then on the unpaid 900 from the next day. interest. If it is not paid off by the next bill date, interest will be calculated again on the accumulated interest (i.e. compound interest).

The interest on credit cards is daily interest and increases day by day. Each day of delay in repayment will add one day of interest. If you withdraw 1,000 in cash, the cash withdrawal fee is 5 yuan (youth card is 5 yuan each time, and Bank of Communications ordinary cards are 1 or 10 yuan), and the daily interest is 0.5 yuan. If you repay after 10 days, you will have to pay an additional 5 yuan in interest. One** *You need to repay 1010 yuan. If you only repay 1,000 yuan, the bank will first deduct 10 yuan (handling fee and interest). Your actual repayment is equal to 990 yuan, which is 10 yuan less. This $10 will continue to accrue interest every day. So it’s not up to you to say whether it’s over or not. If the repayment is less than the minimum repayment amount, there will be a late payment fee of 5 per day.

July bill: 5,000 yuan cash withdrawal on 7.1, handling fee 5 yuan, 1,500 yuan credit card payment, repayment on 7.7 bill day, what is overpayment? The repayment for the cash withdrawal part is 5000 5 5000x0.05x5=5017.5 (Can you withdraw 5000 per day for cash withdrawal? I have doubts.) How much did you pay back? The 1,500 spent by credit card can be repaid on August 1st, the due date at the latest. The 7th is the billing day and the day of settlement, not the day when repayment is required. If the 5,000 withdrawn is not repaid, interest will continue to accrue on the balance.

August bill: 200 yuan was swiped on the card on July 7, and 200 yuan was withdrawn in cash. 500 yuan was swiped on the card on 7.8, and 1,000 yuan was withdrawn in cash. Settled on 8.7, the repayment was 1,900, the cash withdrawal fee was 10, and the accumulated interest was 17.65 = 1,927.65 yuan, starting from the 7th The interest will start to increase by 0.61 yuan every day. That is to say, the repayment on the day of 8.7 can be repaid at 1927.65. If you repay on August 17, you must repay 1927.65 6.1 = 1933.75 yuan. The number will be different every day. If there is still an unpaid balance from the previous period's bill at the time of repayment, the previous period's balance will be offset first, and then the current period's balance will be repaid according to the order of repayment.

Consume between the billing dates and repay between the consumption date - the billing date - the due payment date.

If you use your card indiscriminately here, the bank will deduct it indiscriminately; if you want the bank not to deduct it indiscriminately, don't use it indiscriminately here.

If you can do it without being confused, study harder and master the tricks; if you can't, apply for a Bank of Communications debit card and bind it to the credit card to activate the automatic repayment function to avoid overdue and unpaid loans. A clear phenomenon occurs.