revolving interest is charged when you use revolving credit to repay the loan or cash advance. If you pay off all the consumption money in full before the due repayment date of the current billing cycle, you can enjoy the interest-free period by swiping your card and will not generate cyclic interest; If you don't pay off all the bills in the current period on time, it will be regarded as using revolving credit. Interest will be charged on all the consumption in the current period from the bookkeeping date (usually the day after consumption), with a daily interest rate of five ten thousandths until you pay off all the bills. If you use the cash advance function, you can't enjoy the interest-free period for the cash advance. Interest will be accrued from the day you withdraw the cash, with a daily interest rate of five ten thousandths, and compound interest will be calculated monthly until you pay it off.

Examples of revolving interest: ● If your billing date is 5th of each month and the due repayment date is 23rd of each month; ● The current bill printed by the bank for you on April 5th includes all your transaction accounts from March 5th to April 5th; ● Suppose that you only have one consumption in the current bill, the consumption amount is RMB 1,, and the merchant's request time is March 3th; ● Your current bill is printed with the "payable amount in this period" of RMB 1, yuan and the "minimum repayment amount" of RMB 1 yuan; ● Under different circumstances, your circulating interest is as follows: ① If you pay off ￥1, in full before April 23rd, the circulating interest will be = in the statement on May 5th; ② If you only pay the minimum repayment amount of ￥1 yuan on April 23rd, the circulating interest on the statement on May 5th will be ￥17.85, which is calculated as follows: 1 yuan ×.5%×24 days (March 3th to April 22nd) +(1-1) ×.5%×13 days (April 22nd).

If you have any other questions, please open the homepage of China Merchants Bank, www.cmbchina.com, and click "Online Customer Service" in the upper right corner to enter the consultation.