The daily interest rate for credit card consumption is 0.05%. If you repay in time before the repayment date, you can enjoy interest-free repayment. You don't have to pay the daily interest of the credit card, but you have to pay interest if you repay the loan overdue. The interest-free period is as short as 20 days and as long as 50 days, such as CCB, BOC, Minsheng, Guangfa and CITIC, and as short as 25 days and as long as 56 days, such as ICBC, ABC, Bank of Communications and Huaxia.
The daily interest rate of cash withdrawal is 0.05%, and there is no interest-free period. Interest is calculated from the date of cash withdrawal, and there is also a handling fee.
It should not be said that it is the most reasonable way to use the card, but it should be said that it is a good habit to use the card. A good habit of using a card is to pay back on time, and pay back in full if you can, because there will be no extra interest and expenses. Try not to withdraw cash, but there will be a handling fee. Make rational use of the installment function of credit card to achieve moderate consumption.