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Guangfa Bank Credit Card Interest Rate

5 out of 10,000 per day.

According to Hualu.com, the interest rate for Guangfa credit card consumption is calculated based on the interest rate of 0.5% per day. Credit card consumption interest is also called liquidated damages. There is an "interest-free period" during credit card consumption. In other words, there are no additional charges for paying off the balance during the interest-free period. If it is not paid off on time, interest will be charged on all purchases in the current period starting from the next day after consumption. The interest rate is 0.5% daily, compounded monthly.