When you withdraw 1,000 from Minsheng Credit Card and repay it, you should repay:

① 1,000 yuan 1,000 yuan × 0.0005 × number of borrowing days, that is, the daily interest is 0.5 yuan;

② If the payment is not repaid during the current month's repayment cycle, the interest from the previous month will be included in the principal to calculate interest in the next month, that is, compound interest will be calculated on a monthly basis.

Cash advance:

① Although you can use a credit card to withdraw cash, please do not use the cash advance function in non-emergency situations because of the cost of using the credit card cash advance function. It is very high;

② First of all, there is no interest-free repayment period when using a credit card to advance cash, and interest starts to be calculated from the day the cash is withdrawn;

③ The interest rate for cash advance is very high , the daily interest is 5/10,000 and compound interest is calculated;

④ The handling fee is very high, the handling fee is usually more than 1, and it is collected in one time;

⑤ In addition, the general situation of cash advance No points will be given away.