according to the official information of Minsheng bank, the daily interest rate of Minsheng bank's credit card is .5%, and the approximate annualized interest rate calculated by simple interest is 18.25%. This means that if the cardholder overdraws, the daily overdraft amount will be calculated at the interest rate of .5%. In addition, Minsheng Bank Credit Card also provides installment service, and the installment interest rate varies according to the number of installments, with the lowest being .75% per installment and the highest approximate annualized interest rate being 16.22%. These interest rates are high, so cardholders need to pay attention to overdraft and installment fees when using credit cards.