China Merchants Bank Credit Card can be divided into three periods, six periods and 12 periods. There is no interest in installments, but a handling fee is charged, and the handling fee rates are 2.6%, 4.2% and 7.2% respectively. However, if the installment cannot be paid off on time, there will still be late fees and interest, which will affect personal credit.

1. The late fee for overdue credit card is: 5% of the unpaid part of the minimum repayment amount.

2. Calculation formula of overdue interest of credit card: overdue interest of credit card = consumption last month * overdue days *0.0005.