Calculated on a daily basis.

Interest is calculated based on the daily interest rate of 5/10,000. Since repayment is not made on time, if it is overdue, and if you repay normally and do not withdraw cash, the handling fee is calculated based on the percentage of the amount of cash you withdraw. The interest rates for overdue bank credit card repayments are the same and charged once a month.

There is no interest for credit card repayments during the interest-free period.

1. Interest will only be charged if the minimum payment amount is not paid on the repayment date or if the payment is overdue after the repayment date. Interest is collected on a daily basis, 0.5% per day, and is compounded on a monthly basis.

2. If you repay the minimum payment amount before the repayment date, interest will be calculated in full from the date the bank confirms the consumption until the actual repayment date; then, the remaining balance will be calculated Partial interest will be calculated at 0.05% per day from the repayment date.

3. If the payment is overdue after the repayment date, late payment fees and interest will be charged. Late payment fees are charged at 5% of the outstanding amount. Interest will be charged at 0.05% daily starting from the date of consumption, and will be compounded monthly.

If it is a China Merchants Bank credit card, revolving interest is charged when you use revolving credit to repay or use cash advance. If you repay all the consumption payments in full before the due date of the current bill cycle, you can enjoy the interest-free period by swiping your card for consumption, and no recurring interest will accrue; if you do not repay all the current bills on time, it will be regarded as With revolving credit, interest will be accrued on all purchases in the current period (usually the day after consumption), with a daily interest rate of 0.05% until you pay it off in full.

If you use the cash advance function, the cash advance portion will not enjoy the interest-free period, and interest will be accrued from the day you withdraw the cash. The daily interest rate is 0.05%, and the compound interest is calculated monthly. Until you pay it back.

The late payment fee is a one-time charge of 5% of the minimum repayment amount, and the interest is calculated on a daily basis.

Overdue credit cards will incur late payment fees, which means that the minimum repayment amount is not paid before the due payment date. This fee is calculated based on 5% of the unpaid portion of the minimum repayment amount, with a minimum of 5 yuan.

Assume that the minimum repayment amount of your bill is 200 yuan, and you do not pay it on the due date, then there will be a late payment fee on the next month's bill due to overdue payment, the amount = 200*5% = 10 yuan.

Banks will generally truthfully report customers’ card repayment status to the People’s Bank of China, and overdue payments will be recorded in personal credit reports, which will affect future loans, such as home loans and car loans. It will have a certain impact, so I suggest that if you are unable to open your funds, you should try your best to pay the minimum payment amount of the card before the due payment date, so that the bank will not count you as overdue.