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According to the credit card collection contract, use China Merchants Bank credit card to repay first and then repay. As long as you pay in full before the final repayment date shown in the bill, your credit card consumption will not generate interest. If the repayment is not made in full, interest will be accrued from the bookkeeping date of each account to the repayment date of the account, and the daily interest rate will be five ten thousandths.

For example, a cardholder's billing date is the 7th day of each month, and he spends 2000 yuan by swiping his card on April 1 day, and this consumption is recorded on April 2nd. On April 7th, the bill will show that the "payable amount in this period" is 2000 yuan, and the "minimum repayment amount" is 200 yuan. If the cardholder only repays 200 yuan on the due repayment date on April 25th, the interest payable up to that date will be shown on the bill on May 7th, that is, 23-day interest of RMB 2,00010.8 million yuan residual interest 13 days later repayment: RMB 2,000 ×0.05%×23 days (April 2nd-April 24th).

However, unlike repayment after consumption, cash borrowed by credit card in advance does not enjoy interest-free repayment. From the date of withdrawal to the date of settlement, interest will be charged at the daily rate of 0.5 ‰, and compound interest will be calculated monthly.

1. Credit card holders of China Merchants Bank can enjoy interest-free treatment by repaying all the amount due before the bank bookkeeping date and before the due repayment date (inclusive), which is called interest-free repayment period; The due repayment date of China Merchants Bank Credit Card is generally about 18 days after the bill date (subject to the bill display). The grace period for repayment is 3 natural days after the due repayment date of China Merchants Bank credit card.

2. If the cardholder's current repayment is insufficient, and the unpaid amount does not exceed RMB 65,438+00 or US$ 65,438+0 yuan, no interest and late fee will be added to the consumer transactions that can enjoy interest-free treatment;

3. If the cardholder fails to repay in full (only the minimum repayment amount and above) before the due repayment date, China Merchants Bank will charge a certain amount of cyclic interest for all your consumption during this period; The circulating interest of China Merchants Bank Credit Card takes each consumption amount in the bill as the interest-bearing principal, and the interest-bearing days are from the billing date to the account repayment date, and the daily interest rate is five ten thousandths, which is included in the repayment amount of the next bill.

4. If the cardholder fails to repay before the due repayment date or the repayment amount is lower than the minimum repayment amount, China Merchants Bank will charge a certain amount of cyclic interest and late payment fee for all your consumption amount during this period. The calculation method of China Merchants Bank's credit card late payment fee is 5% of the unpaid minimum amount, and the minimum fee is RMB 10 yuan or USD 1 yuan.