1.6% or 1.8%, etc. Different industry types have different commission rates, which are unified throughout the country. When I swipe my credit card on the POS machine, the money will not come to me, but to the merchants after settlement through UnionPay. If the amount of the user's credit card is swiped through the POS machine, it is illegal to cash out. Although there is no interest in cashing out, it usually requires the merchants of POS machines to pay certain formalities.

So if you find a merchant to cash out the credit card limit, the general merchant will charge you a certain handling fee. In addition, the bank's detection of cash is very strict. Once cash withdrawal is found, the credit card limit may be frozen immediately, and criminal responsibility may be assumed in serious cases.

Generally speaking, normal credit card consumption does not charge interest, but the premise is that each bill must be paid off in full before the due date, and the total amount owed by the account on the billing date cannot exceed the maximum credit limit of the credit card.

If the full amount is not paid before the due repayment date, interest will be charged on all transactions in this bill. From the transaction entry date (usually the second day of the transaction), interest will be calculated daily according to the transaction amount, and compound interest will be calculated monthly until all the debts in the account are paid off.