How to calculate the minimum repayment interest of the construction bank card?

How to calculate the minimum repayment interest of credit card?

The charge standard for the minimum repayment interest of credit cards is:

1. From the bookkeeping date of each transaction, interest shall be calculated at the daily rate of 0.5 ‰ until each debt is paid off.

2. The cardholder applies for repayment according to the minimum repayment amount, and only pays interest in the second phase, and only pays 65,438+00% of the total bill in the first phase.

3. The amount that the cardholder needs to pay when applying for the minimum repayment amount is: (current consumption amount+unpaid amount of last month+interest and expenses of this month) 10%+ current overdraft full withdrawal.

Credit cards that only pay the minimum repayment amount are not overdue and will not affect the credit history. The relevant contents are as follows:

1, the minimum repayment amount of each bank is different, which is generally about 10% of the bill amount; However, if the minimum repayment amount is not paid this month, the minimum repayment amount next month = the minimum repayment amount next month+the overdue fine payable this month+the minimum repayment amount this month (about 65438+ 00% of the total amount).

2. After the minimum repayment amount is paid, from the due date, five ten thousandths of the interest of the full billing date of the current month will be charged, and the monthly interest will be compounded, which is easy to form a vicious circle.

Generally speaking, the monthly bank credit card bill will be reminded by SMS or sent by paper bill. The bill will indicate: what is the minimum repayment amount or how much you can apply for installment payment.

You don't need to contact the bank to repay the minimum amount. As long as the amount deducted by the bank is greater than or equal to the minimum repayment amount, it will not be overdue, but interest will be charged as mentioned above.

5. Cash withdrawal can also pay the minimum repayment amount, but the cost of cash withdrawal by credit card is relatively high. In addition to the handling fee for cash withdrawal, interest shall be calculated at a rate of 5/10000 per day from the second day of cash withdrawal.

6. If the minimum repayment amount is paid, no bad record will be left. The bad record is only due to overdue, as long as the money is paid back every period.

How to calculate the interest on the minimum repayment amount of CCB credit card?

CCB Credit Card only repays the minimum repayment amount of interest: the interest is calculated from the bank bookkeeping date, and the upper limit of the daily interest rate is 0.7 times 0.5 ‰ (equivalent to the upper limit of 18.25% and the lower limit is 0.7 times of 18.25%), with compound interest on a monthly basis.

For example, on the 5th of the billing date and the 24th of the repayment date, you 1 spend RMB 3,000, on the 4th 1000, and repay 400 yuan on the 24th. The calculation is as follows: 3000X0.05%X24 (days)+1000X0.05%X20 (days).

As of the repayment date of this bill, your CCB credit card * * * has generated 46 yuan interest (and will continue to charge five ten thousandths of interest every day).

Article 22 of the Credit Card Articles of Association of China Construction Bank: If the cardholder fails to repay or the repayment amount is lower than the minimum repayment amount, the bank will charge a penalty of 5% of the unpaid part of the minimum repayment amount, and the minimum repayment amount is 5 yuan RMB or US$ 65,438+0 or Euro 65,438+0. If there are other provisions in the agreement, such provisions shall prevail.

China Construction Bank Credit Card Articles of Association Article 23 If the cardholder handles installment payment, the installment principal and the current installment fee shall be fully included in the current minimum repayment amount.

For the money returned by the cardholder, the bill is paid first, and then the bill is not paid, and the arrears are paid item by item in the order of cost, interest and principal. If the overdue payment exceeds 9 1 day (inclusive), the arrears shall be paid off item by item in the order of principal, expenses and interest.

If there are more than one credit card in the cardholder's name, the arrears should be repaid by different cards.

China Construction Bank-Credit Card Articles of Association

How to calculate the minimum repayment interest of CCB credit card?

The minimum repayment amount of CCB's credit card refers to paying off the "minimum repayment amount" listed in the current bill before the stipulated due repayment date. In this case, the customer's personal credit will not be affected, but the current statement cannot enjoy interest-free repayment. From the bookkeeping date of each transaction to the repayment date, overdraft interest is charged for all transactions in the current statement. The upper limit of daily interest rate is five ten thousandths, and the lower limit is 0.7 times of five ten thousandths (the upper limit of annualized interest rate is about 18.25%, and the lower limit is 0.7 times of 18.25%, that is, 12.775%, and the conversion formula is calculated according to annual interest rate = daily interest rate of 365), and compound interest is calculated on a monthly basis. Without special notice, the daily interest rate standard defaults to five ten thousandths. CCB has the right to adjust the credit card interest rate standard according to the interest rate policy of the People's Bank of China, and notify customers. The minimum repayment amount is calculated by RMB account and++account respectively.

(In case of business changes, please refer to the actual situation. )

Calculation of minimum repayment interest of CCB credit card

If the cardholder fails to repay in full before the final repayment date, he will no longer enjoy the interest-free period. The Construction Bank will charge interest at a daily interest rate of 0.5 ‰ and compound interest monthly. The interest-bearing date is from the bookkeeping date to the repayment date, and the interest-bearing principal is calculated according to the actual payable amount (that is, the total bill consumption).

If the cardholder fails to repay before the due repayment date or the repayment amount is less than the minimum repayment amount, the Construction Bank will charge interest according to the regulations, and at the same time charge a 5% late fee for the unpaid part of the minimum repayment amount.

For example, answer:

Suppose the billing date of your credit card is the 7th of each month, and the final repayment date is the 25th of each month.

If you spend RMB 2,000 on May 1, the bill on May 7 will show that the amount payable in this period is RMB 2,000 (there is no other consumption after credit card consumption on May 1), and the minimum repayment is 200 yuan (65,438+00% of the current consumption amount).

If the cardholder only repays 200 yuan according to the minimum repayment amount before May 25th, the interest generated by the unpaid amount in the previous bill (including the interest generated by the revolving credit principal of 2,000 yuan for 23 days and the interest generated by the remaining principal 1800 yuan 14 days) will be shown on the bill on June 7th, that is, 2,000 yuan ×0.05%×23 days (May 2nd).

Extended data:

The interest on the minimum repayment amount of a credit card is calculated according to the daily interest rate of 0.5 ‰. The minimum repayment amount refers to the minimum repayment amount of a credit card every month, which is displayed on the bill of the credit card in the current month. If you can't pay off in one lump sum, you can pay off the minimum repayment amount on time before the final repayment date, without affecting your personal credit, but you can't enjoy the interest-free repayment period. Interest is charged on all consumption in the current period from the bookkeeping date.

References:

China Construction Bank Credit Card-Service Guide

After the minimum repayment amount of CCB credit card is paid, is the interest calculated in full or what? More detail

If the cardholder fails to repay in full before the final repayment date, he will no longer enjoy the interest-free period. The Construction Bank will charge interest at a daily interest rate of 0.5 ‰ and compound interest monthly. The interest-bearing date is from the bookkeeping date to the repayment date, and the interest-bearing principal is calculated according to the actual payable amount (that is, the total bill consumption).

If the cardholder fails to repay before the due repayment date or the repayment amount is less than the minimum repayment amount, the Construction Bank will charge interest according to the regulations, and at the same time charge a 5% late fee for the unpaid part of the minimum repayment amount.

The minimum repayment amount refers to paying off the "minimum repayment amount" listed in the current bill before the stipulated due repayment date. If the repayment is made according to the minimum repayment amount listed in the bill, the remaining unpaid part belongs to the normal credit balance, but the consumption money does not enjoy the interest-free period.

Banks provide this service not only to relieve the pressure of cardholders, but also to provide a variety of repayment methods; More importantly, banks can benefit from this form. After all, it is reasonable that banks are not charities.

Let's stop here for the introduction of the minimum repayment interest of CCB credit cards.