The interest of Minsheng Credit Card is 0.5 ‰ of the daily interest (calculated from the date of swiping the card), and the late payment fee is 5% of the unpaid part of the minimum repayment amount, and the minimum is RMB 10 yuan (or equivalent foreign currency).

For example, the billing date of your credit card is 10 day per month, and the repayment date is 30th of each month. The cardholder spent 10000 yuan on September 5, and repaid 9000 yuan on the 30th of that month. The bill of 65438+ 10/month 10 will show the repayment amount as 130 yuan, in which the interest is130 yuan, and the calculation formula is: total consumption × daily interest × first repayment days+unpaid amount × daily interest × (second repayment If the repayment is less than 5%, you need to pay a late fee.

Minsheng Bank's interest-bearing method is "tolerance repayment", that is, in order to avoid higher penalty interest for credit card holders due to the "fraction" below 10 yuan, the bank will roll the unpaid part below 10 yuan into the next bill without imposing full penalty interest on it. However, if the arrears exceed 10 yuan, the penalty interest will be paid in full.