1. Repay in full and on time, interest-free.

2. If you pay the minimum repayment on time, you will be charged a daily interest rate of 0.5%, starting from the date of consumption recording.

3. For overdue repayment, in addition to the above-mentioned interest, there are also late fees.

4. Know the two important dates of your credit card: the monthly statement date (also called the reconciliation date) and the final repayment date. If you need to call customer service, the credit card center number is on the back of the card!

5. Ask the bank to send you a statement on time every month. If it is inconvenient to receive paper letters, ask the bank to send you an email instead.

6. Understand the minimum handling fee for each cash withdrawal by your credit card.

Extended information:

Advantages:

1. You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days to repay on time. No interest is charged (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, as well as a handling fee of RMB 2,000. Industrial and Commercial Bank of China charges no handling fee for cash withdrawal and only charges interest).

2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

3. You can enjoy discounts when using the card at the bank's designated merchants.

4. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.

Baidu Encyclopedia-Credit Card