There is no interest if you repay on time using your Minsheng Bank credit card. After using Minsheng Credit Card, users need to repay on time on the repayment date, otherwise penalty interest will be incurred. The repayment date is different for different cardholders, and there is a billing date before the repayment date. This billing date allows The user knows the total amount to be repaid on the repayment date.

Interest will be charged when using the cash withdrawal function of Minsheng Credit Card. The interest rate on the withdrawal day is 0.05%. This interest will be calculated from the day the user withdraws cash until the user pays off all the cash withdrawal amount. It should be noted here that when withdrawing cash, The amount must be paid off in one lump sum, and other methods of repayment are not allowed.

Interest will also be charged when using the minimum repayment function of a credit card, calculated based on the daily interest rate of 0.05%, and all consumption in the current bill will not enjoy the interest-free period and will be calculated from the date of consumption. Interest is charged until the user pays off the debt. This method of repayment should be used with caution in normal times.

Extended information:

Notes:

1. Remember to repay before the interest-free repayment period. Many consumers think that the 50-day interest-free repayment period means they are overdrafted for 55 days. After deducting the 50-day interest-free repayment period, the bank only needs to pay interest for the excess 5 days. In fact, if the repayment period is exceeded, the bank will calculate overdraft interest based on 55 days.

2. Pay attention to the fraction of the balance when repaying, and make full repayment. Many consumers do not pay attention to the small amount when repaying, and do not repay in full, resulting in arrears. If there are historical arrears, consumers will no longer enjoy the interest-free repayment period.

3. Try not to put money on your credit card. Credit cards themselves use personal credit to advance consumption, while cash advance runs counter to that concept. When consumers deposit money into their credit cards, they need to pay a cash withdrawal fee when they withdraw it.

4. Do not use credit cards to withdraw cash. It is best to use it for consumption settlement. Because you cannot enjoy the interest-free repayment period when withdrawing cash with a credit card, you will be charged a daily interest rate of up to 0.05% from the day you withdraw the cash, and a handling fee will also be charged. The handling fee will also be charged at 0.5% from the day of withdrawal. , if there is an emergency and you need to use a credit card to withdraw cash, you should pay it off in the shortest possible time.

Baidu Encyclopedia-? Minsheng Bank Credit Card

Baidu Encyclopedia-Interest