In the case of a China Merchants Bank credit card, if you fail to repay the minimum payment on your bill in time before the payment due date, liquidated damages and interest will be charged, and your personal credit will be affected. The liquidated damages charge 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 your personal credit, it is recommended that you repay your bill on time. If it is not convenient to pay off the bill in full, please pay off at least the minimum repayment amount on time.