Hello, if you fail to repay the minimum payment on your bill in time before the payment due date, late payment fees and interest will be charged, and your personal credit will be affected. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the next day after consumption), with a daily interest rate of 0.5% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay the bill on time. If it is not convenient to pay off the bill in full, please pay at least the minimum repayment amount on time.

Minimum repayment amount = 10% cash advance principal + 10% non-cash advance transaction principal + 100% fees + 100% interest + 100% excess consumption + 100% last period’s minimum repayment The unpaid portion + 100% of the single installment amount. As long as you repay the minimum amount of your bill before the payment due date, you will not incur late payment fees and will not affect your personal credit. Please rest assured. However, recurring interest will accrue. All consumption in the current period will accrue interest from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full.

If you have other questions, please open the China Merchants Bank homepage www.cmbchina.com and click "Online Customer Service" in the upper right corner to enter the consultation.