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What is overdraft interest?
Overdraft interest refers to the interest that credit card users need to pay when their consumption exceeds the credit limit.

Overdraft interest is divided into overdraft consumption interest and overdraft withdrawal interest. Overdraft consumption interest refers to the interest generated when the credit card consumption limit of credit card users exceeds the credit limit. Credit cards will provide an interest-free period of 25 to 56 days. As long as the cardholder repays in full and on time, he can enjoy the benefits of interest-free period without paying interest on overdraft consumption.