If you hold a credit card from our bank, you can enjoy the interest-free period for credit card purchases. The interest-free period means that if you pay off all the consumption before the final payment date, you do not need to pay any interest. The interest-free period for repayment ranges from 20 to 50 days, and the length of time will depend on the specific time of your consumption. If your consumption is before the current bill date, it will be included in the current bill; if it is after the bill date, it will be included in the next bill, and you can enjoy a longer interest-free period.

The monthly credit card bill settlement date and due repayment date are fixed. Late payment will incur late fees and interest. If you fail to repay the minimum payment on the bill in time before the due repayment date, Late fees and interest will be charged and may affect your personal credit. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. In order to avoid affecting personal credit, it is recommended to repay the bill on time. If it is not convenient to pay off the bill in full, please pay at least the minimum repayment amount on time.

If you have any other credit card questions, you can add the credit card QQ corporate customer service (4008205555) or WeChat (China Merchants Bank Credit Card Center) for consultation. Thank you for your attention and support to China Merchants Bank!