2. If the cardholder withdraws the cash from Tencent Micro-Credit Card, the interest will be charged at the rate of .5 ‰ every day from the date of withdrawal, and the interest will be compounded monthly until the cardholder pays it off completely.
3. If the cardholder fails to repay in full within the specified repayment period, there will be cyclic interest afterwards. For example, if only the minimum repayment amount is paid, the unpaid part will be calculated at the interest rate of five ten thousandths every day from the day of the minimum repayment until it is paid off; And all the consumption in the current period will be charged with interest at the rate of five ten thousandths every day from the day when the consumption is recorded to the day before the minimum repayment.
Many banks have issued Tencent Micro Plus credit cards, so how to calculate the interest should be subject to the regulations of the issuing bank. The banks that cooperate with Tencent to launch micro-plus credit cards mainly include: China CITIC Bank, China Guangfa Bank, Industrial Bank and China Everbright Bank.
The content of this article comes from: China Law Publishing House, Newly Edited Financial Law Encyclopedia (Fifth Edition).