If there is interest on the credit card of ABC, the interest will be calculated at the daily rate of 0.05% from the bank bookkeeping date, and the compound interest will be calculated monthly.

Overdraft consumption, cash withdrawal and transfer with ABC credit card will generate interest, in which overdraft consumption can enjoy an interest-free period, and cardholders do not have to pay interest if they repay in full during the interest-free period. The interest generated by cash withdrawal and transfer cannot be exempted, and the cardholder needs to pay it off in one lump sum.