According to Baidu's inquiry, it is illegal for Minsheng Bank Platinum Wealth Management Credit Card to charge 15% interest every month. If the annual interest rate does not exceed 24%, it is legal and the contract voluntarily signed by both parties is valid. But more than 24% is invalid. If the monthly interest rate does not exceed 2% and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. However, if the monthly interest rate exceeds 2%, the borrower may not pay.

Minsheng Bank is the first national commercial bank initiated by private capital in Chinese mainland, which was established in June 2002 1996+ 10/2. The main shareholders are Liu Yonghao's New Hope Group, Zhang Hongwei's Oriental Group, Lu Zhiqiang's China Oceanwide Holding Group, China Shipowners Mutual Insurance Association represented by Wang Yugui, China Life Insurance, Shi Yuzhu and so on.