If used normally, the credit card will have no interest during the repayment period. If it is used in installments, China Merchants Bank’s interest rate will be even lower.

China Merchants Bank has issued bill installments, with 0.9% in 3 installments, 0.75% in 6 installments, 0.7% in 10 installments, 0.66% in 12 installments, 0.68% in 18 installments and 0.68% in 24 installments.

Ping An Bank’s credit card consumption single installment, 0.85% for 3 installments, 0.80% for 6 installments, 0.75% for 12 installments, 0.75% for 18 installments, 0.72% for 24 installments

Minsheng Bank Credit Card Installment Payment interest: 0.82% for 3 periods, 0.70% for 6 periods, 0.67% for 9 periods, 0.67% for 12 periods, 0.67% for 18 periods, 0.70% for 24 periods.

Remember to repay interest-free Repay before the due date. 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.