China Merchants Bank has no skill in reducing revolving interest. If it wants to reduce its financial losses, it can only pay off all its debts as soon as possible. The revolving interest of China Merchants Bank refers to the interest generated by customers who choose the minimum repayment amount after credit card consumption or cash withdrawal, with a daily interest rate of 0.5 ‰, calculated on a daily basis.

As for how to calculate the cyclic interest generated by credit card consumption not paying back on time, it is to calculate the interest one by one according to each consumption in the bill. Calculated at the daily interest rate of 0.05% from the bookkeeping date of consumption (usually the second day of consumption date) until the transaction is paid off. If the customer can't pay off all the bills at one time, he can apply for bill installment, and then pay attention to repayment on time. In this way, there will be no revolving interest, but a certain installment fee will be paid.

1, China Merchants Bank App is the focus of China Merchants Bank to build a digital financial service platform, and it is the carrier and platform for China Merchants Bank to connect users.

On February 3, 2020, 65438, version 9.0 of China Merchants Bank was released. Compared with the previous version, China Merchants Bank App9.0 pays more attention to superior resources, business and user minds, and also pays more attention to efficiency. It strengthened value creation with the power of financial technology, and accompanied hundreds of millions of users to establish their own wealth master accounts.

20 1 9165438+10 month 18, China merchants bank App8.0 was launched iteratively, and built symbiosis with head partners in various fields to create a better wealth life for1100 million users.

2. China Merchants Bank App is constantly innovating, focusing on customer needs such as cash flow management, wealth management and consumer credit, and gradually providing users with intelligent financial services. In the era of digital transformation of retail finance 3.0, China Merchants Bank App has become open and interactive, extending from financial scenes to life scenes, and is committed to creating a user experience. At present, the number of App users of China Merchants Bank has exceeded 80 million, and the number of monthly users has exceeded 40 million.

On September 20th17th18th, China Merchants Bank App7.0 was launched iteratively, with as many upgrade functions as 149? . In the process of transition from "card era" to "App era", the changes of China Merchants Bank's App are all adapting to the ever-changing mobile Internet era and creating value for users, which is also the exploration and answer of China Merchants Bank on the future banking core value and retail finance 3.0 transformation.