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What does the interest on credit card expenses mean?
Credit card expenditure interest refers to the interest charged by the bank according to the amount owed and the interest rate when the user fails to pay off the due debt within the interest-free period when using the credit card for consumption. Usually, the interest of credit card expenses will be merged with the due amount on the next billing date, and the user can repay directly. It should be noted that users need to repay on time to avoid adverse effects on personal credit.